| After a bounce in both oil and metal prices last week, some analysts predicted that the worst was over for the commodity rout sparked by fears of an economic slowdown in China. Nonetheless, Goldman Sachs is maintaining its bearish take on the sector generally, as it argues fundamentals have not changed following the recent rally, but analysts at the bank are also suggesting that China's rebalancing also throws up some opportunities.
The biggest shift the group sees is a rising demand for "opex" commodities, or energy and consumption-based metals such as aluminium in China, while expecting a decline in demand for "capex" commodities such as steel, cement and iron ore...............................................Full Article: Source
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