| Commodities are suffering from a negative sector sentiment, independent of supply and demand dynamics. This is largely because concerns about Europe and the US getting trapped into recession and Chinese President Xi Jinping's ability to steer the country's economy into soft landing refuse to go away.
No doubt commodities will be the first in the line of price collapse if recession hits the world. That is why Vedanta Resources chief executive officer Tom Albanese loves to describe the "commodities sector as a canary in a coal mine". Albanese doesn't think global recession will happen. But, the thought of demand could take a hit is leading people to cut their commodities exposure...............................................Full Article: Source
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