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NAB expects commodity prices to ease in 2012

Posted on 01 December 2011

Following falls to what National Australia Bank saw as oversold levels in October, bulk commodity prices have partially recovered in recent weeks. The magnitude of the change in prices has been significant, NAB noting from a September peak the iron ore price declined by more than 35% to US$117 per tonne before subsequently rising by 25% over the following two weeks.
Prices have not fully bounced back to previous levels, something NAB suggests is a reflection of the market adjusting to an apparent slowdown in global demand and the increasingly uncertain global outlook………………………………………..Full Article: Source


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