Commodities Demand Is ‘Fairly Buoyant,’ Barclays Capital Says

Commodities demand is not slowing fast enough to make up for disruptions in supplies, said Kevin Norrish, managing director of commodities research at Barclays Capital in London.

Demand is “fairly buoyant,” Norrish said at a meeting in London today. “Demand is slowing down but it’s not slowing down fast enough to alleviate pressures on the supply side.”

Commodities erased gains for the year today as the Federal Reserve’s outlook for “significant downside risks” for the U.S. economy added to signs of slowing growth. China’s manufacturing may shrink for a third month in September, a preliminary index of purchasing managers from HSBC Holdings Plc and Markit Economics showed today.

To contact the reporter on this story: Tony C. Dreibus in London at tdreibus@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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