Mar
06
Fund Sees Growth Jolt as Only Cure for Range-Bound Commodities
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Supply can’t be cut quick enough to turn prices round: Coleman
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U.S. crude may revisit recent lows in next four to six weeks
Persisting gluts in most commodities and the lack of a strong economic rebound that would drive demand will probably keep a cap on raw-material prices this year, according to Michael Coleman, chief operating officer of RCMA Asset Management Pte.
“In a whole bunch of commodities, you’re still in a bear market, you’re still in an over-supplied, excess capacity, slow demand-growth environment and therefore, it’s a bit difficult to say why should it rally today,” Coleman said in an interview on March 4 in Singapore. “The commodities downcycle can only really end when global GDP growth accelerates.”…
Fund Sees Growth Jolt as Only Cure for Range-Bound Commodities
