JPMorgan chase plans to expand its physical trading activity in China's oil market, Indonesia's coal sector and across Asian metals to cash in on what it sees as a long-term bull market, the head of the bank's Asian commodities unit said.
Despite a sharp fall in commodities prices in the first-half of May, JPMorgan is bullish on the sector's future prospects as developing economies consume more raw materials, said Ray Eyles, chief executive of the bank's Asian commodities business.............................................Full Article: Source
|