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Fear of glut grips commodities as Xi shifts China's economic focus

There is concern that demand will weaken as Beijing focuses on quality of expansion, not pace of it

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After signs of tighter supply and stronger demand drove a rally from late June through early this month, commodity investors are now assessing whether they were too optimistic in their views.

New York

A SLOWDOWN in the world's biggest consumer of most commodities is reviving fears over a glut in raw materials.

The Bloomberg Commodity Index extended declines after sliding the most in six months on Tuesday. Futures in China also plunged in overnight trading.

sentifi.com

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