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Coal becomes commods’ first victim of emerging-market woes

Posted on 31 January 2014

The rout in emerging markets is starting to spill into commodities, with coal prices tumbling as much as 10 percent this month as utilities in developing economies slash orders. Commodity price developments often go hand in hand with growth in emerging economies, which consume more energy as their wealth rises.
“Commodity demand is more concentrated in fast-growing countries … The marginal buyer of commodities is very much the emerging world and it’s going through a bear market right now,” said Charlie Morris, head of absolute return at HSBC Global Asset Management, who oversees $1.8 billion in assets………………………………………..Full Article: Source


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