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 firstname.lastname@example.org
To contact the editor responsible for this story: Claudia Carpenter at email@example.com