21.12.2012 - Commodities price suffer fall but poised for rebound in 2013: Scotiabank report
Commodity prices are poised for a rebound in 2013 following the declines experienced in many of Canada's resource sectors this year despite a summer rally, according to a new report from Scotiabank. In a commentary accompanying its Commodity Price Index for November, Scotiabank says prices will get a lift as buyers restock raw materials after liquidating inventories or deferring orders in 2012. "This is already the case in China, where a pickup in orders from steel producers, after a sharp inventory correction last summer, has boosted spot iron ore and coking coal prices," writes Scotiabank commodity market specialist Patricia Mohr...............................................Full Article: Source
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