fuels

#MarketCorrection
Global goods trade is up +6% in H1 2025 YoY🚀
After +2% in 2024

Acceleration is real

Look at what’s pulling📈

• Equipment and chemicals lead
• Investment and tech drive volumes
• Industrial demand is back

Now the drag📉

• #Energy , #fuels #mining under pressure
• Lower prices mute value growth
• #Iron #steel autos still struggling

Trade grows where capital spends.
Not where prices deflate.

Volume is not value.
And composition matters more than speed.

So is global trade being rebuilt around investment chains.

While commodity cycles stay capped?

#oott
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