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Analysis: Commodities confidence but no shine

  • Leonardo Henry Gavaza

    Bahana Securities

| Thu, November 24 2011 | 09:39 am
Analysis: Commodities confidence but no shine

PREMIUM As we believe that the European debt crisis will linger in the next six to nine months, adversely impacting China’s growth (exhibit 3), which is crucial towards demands of commodities (chart 1 & 2).

This is why we downgraded our forecasts on metal prices.

As most commodities have a high correlation with oil prices, we believe that tin prices would remain unexciting, in line wi...