will government's massive surge in investment ... - Myiris.com
will government's massive surge in investment ... - Myiris.com
will government's massive surge in investment ... - Myiris.com
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Apr-Jun 2013 Earn<strong>in</strong>gs Preview<br />
Global Industrial Commodities<br />
Month‐on‐Month<br />
(%)<br />
4.0<br />
2.0<br />
-<br />
(2.0)<br />
(4.0)<br />
(6.0)<br />
(8.0)<br />
(10.0)<br />
(12.0)<br />
(14.0)<br />
2.6<br />
Brent<br />
crude<br />
(6.2)<br />
(8.6)<br />
(10.3)<br />
(11.3)<br />
(12.2) (12.6)<br />
Z<strong>in</strong>c Copper Lead Alum<strong>in</strong>ium Thermal Nickel<br />
Coal<br />
Source: Bloomberg, PL Research<br />
Calendar Year‐to‐date<br />
-<br />
(5.0)<br />
(4.4)<br />
(10.0)<br />
(%)<br />
(15.0)<br />
(20.0)<br />
(11.3)<br />
(14.2)<br />
(12.9)<br />
(15.5) (15.9)<br />
(25.0)<br />
Brent<br />
crude<br />
Z<strong>in</strong>c Copper Lead Alum<strong>in</strong>ium Thermal<br />
Coal<br />
(22.2)<br />
Nickel<br />
Source: Bloomberg, PL Research<br />
Anaemic Global growth expectations<br />
Year‐on‐Year<br />
weighs down on demand for most<br />
<strong>in</strong>dustrial <strong>com</strong>modities. Brent and Lead<br />
be<strong>in</strong>g the exceptions<br />
15.0<br />
10.0<br />
5.0<br />
9.0<br />
7.6<br />
-<br />
(%)<br />
(5.0)<br />
(10.0)<br />
(15.0)<br />
(20.0)<br />
(25.0)<br />
Brent<br />
crude<br />
(4.7)<br />
(11.9)<br />
(9.7)<br />
(13.4)<br />
Z<strong>in</strong>c Copper Lead Alum<strong>in</strong>ium Thermal<br />
Coal<br />
(20.6)<br />
Nickel<br />
Source: Bloomberg, PL Research<br />
July 8, 2013 25
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