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Weak China, robust dollar a ‘toxic mix’ for commodities

Posted on 19 July 2013

Market perceptions of weaker Chinese growth and a resurgent U.S. dollar are a “toxic mix” for already battered commodity prices, and these headwinds will continue to impact prices in the second half of the year, says HSBC.
The bank this week cut its price forecasts for base metals in 2013 by up to 12 percent and also revised down next year’s price targets by up to 13 percent. Andrew Keen, global head of metals & mining at HSBC, said the adjustment to near term forecasts for base metals is a reflection of poor market sentiment for the sector going into the second half of the year………………………………………..Full Article: Source


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