Commodities Overview

Commodities Update

2 January, 2019

China’s PMIs dampen any new year optimism

Commodity prices are mostly falling on the first day of trading in 2019 as China’s December PMIs showed that the economy finished 2018 on a weak note. While the authorities are loosening policy, we only expect the economy to stabilise by mid-year, which will be a factor weighing on all commodity prices but particularly the industrial metals.

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