MPI registers largest weekly decline since mind-April; slumps 3.1% in a week

June 9, 2017

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A broad basket of commodities tracked by market research house HIS Markit has declined the most in a single week since mid-April, falling 3.1% last week in a broad retreat.
IHS senior economist Ben Orhan said in a statement to Mining Weekly Online on Thursday that the commodity price index is now back to levels last seen in November, with fully two-thirds of its big fourth-quarter rally erased.

Category: General