Tag Archives: Chinese demand
Chinese Growth Concerns Weigh Heavy on Metals
Industrial metals hit multi-year highs last month with the S&P GSCI Industrial Metals Index up off its bottom nearly 60%. This was mainly due to strong Chinese demand growth and a falling US dollar. While the dollar has continued its fall in September, there is some concern over slowing growth in China. On average, returns…
- Categories Commodities
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Metals Never Had An August This Hot
In August, the Dow Jones Commodity Index Total Return gained 0.7%, reducing its year-to-date loss to -1.4%, and the S&P GSCI Total Return lost 0.8%, increasing its year-to-date loss to -6.9%. Industrial metals and precious metals were the only positive sectors, up 8.6% and 4.0%, respectively, while agriculture was the worst performing sector, losing 7.4%,…
- Categories Commodities
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Chinese Demand Growth Lifts Every Commodity
Many news headlines point to rising or falling Chinese demand growth as a main influence of commodity performance. However, there are many other fundamentals like the U.S. dollar and interest rates that drive commodities. Even in the Chinese market, there are forces besides demand growth like demand for storage and demand for metals to be used as financial…
- Categories Commodities
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