Treball Final de Grau en Finances i Comptabilitat. Codi: FC1049. Curs acadèmic: 2020-2021The purpose of the following paper is to study the supercycle of commodities that occurred during the years 2002 and 2008, as well as to give a vision of the supercycles throughout the last century, the causes of the increases in the price of commodities, the determinant factors of prices and if these increases in prices are mainly due to economic components or are due to a speculative phenomenon.
After giving this general vision of the subject, an empirical analysis will be conducted on the last supercycle of commodities and its possible relationship with the financialization of the commodity markets. The commodities that are analysed are a total of 12 belonging to 4 groups: agricultural products, soft materials, energy and metals. The conclusions we reached are that although much of the variation in the prices of commodities can be explained through the hypothesis of supply and demand, there is enough evidence to believe in the hypothesis of price manipulation, not only through an
analytical demonstration but also through the actions taken by the regulatory body that controls the proper functioning of commodity markets, since there are numerous economic sanctions that punish price manipulation in the commodity markets
