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      A shock like no other: coronavirus rattles commodity markets

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          Abstract

          The novel coronavirus (2019-nCoV) originated in China has now covered around 213 countries globally. It has posed health calamities which have threatened the world with the emergence. Owing to the number of confirmed cases still rising every day, it has now become a phase of an international health emergency. Sudden outbreak of coronavirus disease 2019 (COVID-19) has brought global declines in the commodity process. This has majorly affected the demand as well as supply of the commodities. The oil market has been severely affected due to the outrageous collapse in the demand majorly due to travel restrictions which has also caused the steepest decline in oil prices. The prices of both precious and industrial metals have also fallen, although the price drop is less than that of oil prices. The agriculture industry is one of the least affected so far by this pandemic due to its indirect relation with economic activities. However, the ultimate impact of COVID-19 pandemic will greatly depend on the severity and duration of its outspread, but it is expected to have long-lasting implications.

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          Most cited references8

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          COVID-19: air pollution remains low as people stay at home

          Coronavirus diseases 2019 (COVID-19) is transmitted worldwide in over a very short time, as it was originated in late 2019 from Wuhan city, China. To reduce the possible effects due to COVID-19, some sort of lockdown activities have been applied in many countries. In this regard, the outcomes reported bonus benefits to the natural environment showing a significant decrease in air pollution worldwide due to COVID-19. The National Aeronautics and Space Administration (NASA) and European Space Agency (ESA) released air pollution data for Asian and European countries to assess the significant changes in air quality. The main objective of the study is to compare the air quality data released by international agencies before and after the novel coronavirus pandemic.
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            The Influence of COVID-19 on Air Quality in India: A Boon or Inutile

            Corona virus diseases-2019 (COVID-19), an infectious disease identified in late December, 2019, in Wuhan city of China, was declared a pandemic by the World Health Organization. Most countries including India have announced some sort of lockdown to reduce the effects of COVID-19 and discontinue the transmission of novel coronavirus. Major negative effects on the social and surrounding environment have been reported due to COVID-19, however positive effects have also been observed with respect to air quality. Secondary results have been taken from National Aeronautics and Space Administration (NASA), indicating significant reduction (50%) in air quality of Indian region. This perspective highlights the effects of the lockdown due to COVID-19 on aerosol optical thickness specifically in India.
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              Air pollution aggravating COVID-19 lethality? Exploration in Asian cities using statistical models

              The present work estimates the increased risk of coronavirus disease (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 by establishing the linkage between the mortality rate in the infected cases and the air pollution, specifically Particulate Matters (PM) with aerodynamic diameters ≤ 10 µm and ≤ 2.5 µm. Data related to nine Asian cities are analyzed using statistical approaches, including the analysis of variance and regression model. The present work suggests that there exists a positive correlation between the level of air pollution of a region and the lethality related to COVID-19, indicating air pollution to be an elemental and concealed factor in aggravating the global burden of deaths related to COVID-19. Past exposures to high level of PM2.5 over a long period, is found to significantly correlate with present COVID-19 mortality per unit reported cases (p < 0.05) compared to PM10, with non-significant correlation (p = 0.118). The finding of the study can help government agencies, health ministries and policymakers globally to take proactive steps by promoting immunity-boosting supplements and appropriate masks to reduce the risks associated with COVID-19 in highly polluted areas.
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                Author and article information

                Contributors
                snehagautam@karunya.edu
                amarpreet.amar007@gmail.com
                Journal
                Environ Dev Sustain
                Environ Dev Sustain
                Environment, Development and Sustainability
                Springer Netherlands (Dordrecht )
                1387-585X
                1573-2975
                11 August 2020
                : 1-12
                Affiliations
                [1 ]GRID grid.412436.6, ISNI 0000 0004 0500 6866, School of Energy and Environment, , Thapar Institute of Engineering and Technology, ; Patiala, 147004 India
                [2 ]Central Scientific Instruments Organization, Sector 30C, Chandigarh, 160030 India
                [3 ]GRID grid.412056.4, ISNI 0000 0000 9896 4772, Karunya Institute of Technology and Sciences, ; Coimbatore, Tamil Nadu 641114 India
                [4 ]GRID grid.412127.3, ISNI 0000 0004 0532 0820, Department of Safety, Health & Environmental Engineering, , National Yunlin University of Science and Technology, ; Douliou, 64002 Yunlin Taiwan, ROC
                [5 ]GRID grid.413028.c, ISNI 0000 0001 0674 4447, School of Chemical Engineering, , Yeungnam University, ; Gyeongsan, 38541 South Korea
                Author information
                http://orcid.org/0000-0001-5916-2774
                Article
                934
                10.1007/s10668-020-00934-4
                7417781
                32837284
                fdd73fc1-3169-4751-83f2-232ae12a5aa5
                © Springer Nature B.V. 2020

                This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.

                History
                : 27 June 2020
                : 6 August 2020
                Categories
                Review

                coronavirus,covid-19,commodity market,industries,economic
                coronavirus, covid-19, commodity market, industries, economic

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