Indeed, iron ore and coal prices have been resilient. Disruptions to Chinese domestic production of iron ore and coal have been a factor in this, which has resulted in more use of imported resources. Another is the expectation that the Chinese policy response will involve a significant amount of infrastructure spending which will benefit bulk commodities.
The movements in these commodity prices stand in contrast to the large decline in the oil price, which will flow through to LNG prices (Graph 5). https://www.rba.gov.au/speeches/2020/sp-dg-2020-03-11.html  5/12  11/03/2020  The Virus and the Australian Economy | Speeches | RBA  Graph 5  I will now summarise recent developments in financial markets.