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Commodities price suffer fall but poised for rebound in 2013: Scotiabank report

Posted on 21 December 2012

Commodity prices are poised for a rebound in 2013 following the declines experienced in many of Canada’s resource sectors this year despite a summer rally, according to a new report from Scotiabank. In a commentary accompanying its Commodity Price Index for November, Scotiabank says prices will get a lift as buyers restock raw materials after liquidating inventories or deferring orders in 2012.
“This is already the case in China, where a pickup in orders from steel producers, after a sharp inventory correction last summer, has boosted spot iron ore and coking coal prices,” writes Scotiabank commodity market specialist Patricia Mohr………………………………………..Full Article: Source


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