Commodities Overview

Commodities Weekly Wrap

18 April, 2019

Commodities shrug off better news from China

The stronger-than-expected economic activity data released this week by China failed to boost commodity markets. Part of the reason is probably that some of the good news had already been priced in. And in some cases, market-specific headwinds have countered the better data from China – for example, the announced re-opening of Vale’s Brucutu mine has weighed on iron ore prices. But the key point is that, while China’s economy now appears to be stabilising, we doubt that a sustained recovery

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