1987 saw a change in trends on many international raw materials markets. Prices, which had been under pressure for several years, began to rise again. This trend cannot be expected to continue everywhere in 1988, however.

Following the abatement of the boom market during the early months of 1983, the coming months will see an “adjustment” of world market prices for industrial raw materials to “fundamental” market conditions. Price fluctuations are likely during this period. A gradual increase in demand...