Commodity Rout Has Room to Run as Fund Sees Oil, Iron at $40

Updated on
  • Faltering Chinese demand, supply may help prolong gluts
  • Iron ore may tumble to $35 a ton as miners' costs reduced

The rout in commodities is set to get worse as resilient supply and faltering Chinese demand will see global gluts persist, sending oil and iron ore below $40, according to Merchant Commodity Fund.

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