With Russia's invasion of Ukraine, prices of a wide range of products such as energy, grains, and metals continue to rise, and there are concerns about the impact on the future of the world economy.
In the New York crude oil market, the futures price of WTI, which is an international indicator of crude oil prices, temporarily hit the $ 129 level per barrel on the 8th, and has remained high.
The background is that the United States and the United Kingdom have announced a series of bans and gradual suspensions of imports of Russian crude oil.
Wheat futures temporarily rose to $ 13.63 per bushel on the Chicago Board of Trade on the night of the 7th, hitting a record high for the first time in about 14 years since February 2008.
Concerns continue about stagnation of exports from Russia and Ukraine, market officials say, "It is reported that exports from Ukrainian ports have already been hindered."
Nickel futures prices surged to $ 101,365 per ton at the London Metal Exchange on the 8th, almost doubling the previous day to a high, and the exchange took unusual steps to suspend trading. rice field.
Nickel is used in stainless steel and batteries for electric vehicles, and its price is rising due to concerns about supply stagnation from Russia, the country of production.
On the 8th, the New York Board of Trade's gold futures price, a safe haven, temporarily rose to $ 2078/80 cents per ounce, hitting a new high for the first time in a year and seven months.
If the prices of a wide range of products continue to rise, it is inevitable that inflation will accelerate globally, and there is concern that it will adversely affect the economy.