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‘Rude awakening’ for commodities in 2014: Pro

Posted on 30 December 2013

Most commodities are headed for sluggish price action in 2014 due to weak global demand, Citigroup’s Ed Morse said Monday. “The period of high prices led to an incredible—in fact, a record—amount of investment on the supply side,” he said. “So, we’re having significantly more supply across most commodities, and demand is not rising at the rate it was.”
On CNBC’s “Halftime Report,” Citi’s global head of commodities research said that a slowdown in Asia would push prices lower. “China’s not falling apart,” he said. “But the fact is that China growing at 7 to 7½ percent is not like China growing at 10 to 12 percent………………………………………..Full Article: Source


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