Fourth week in a row with downward corrections in commodity prices |
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A stronger US dollar, the negative tone in financial markets as well as the lack of evidence of a solid recovery in physical demand have all contributed to another week – the fourth in a row - of downward correction in commodity prices. Oil, copper and most grains prices have lost more than 10% in the last month while the prices of some metals, such as lead and zinc, have dropped more than 20%. Energy The US refinery utilization rate dropped to 77.7%, a new record low (except for the
Filed under: Fundamental
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