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Commodities: Iron ore, coal slump on emerging market fears

Posted on 05 February 2014

Turmoil in emerging markets and nervousness about the Chinese economy rocked global bulk commodity prices last month, economists say. Iron ore and coal were the hardest hit. Thermal coal prices out of Newcastle fell 8.4 per cent last month, and premium hard coking coal from Queensland dropped 5 per cent, data from Platts showed. Iron ore fell 8.4 per cent.
In comparison, the IMF primary commodity price index fell 1.9 per cent. Copper and aluminum eased modestly, while lead, nickel and zinc rose, HSBC data showed………………………………………..Full Article: Source


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