Standard Chartered strikes gold in China commodities

North Asia revenues grow 38% in past year despite iron ore woes

arun-murthy-2013
Arun Murthy, Standard Chartered

While markets started the year range-bound, a surging dollar, weak economic data from Europe and the US – plus supply exceeding China demand – saw volatility return by the middle half of 2014 in a number of key commodities. Iron ore saw prices fall by 41% to reach a five-year low in mid-September, while protectionist moves by the Indonesian government requiring nickel to be smelted locally initially drove a spike in prices but this eventually reversed as Chinese firms offloaded supply into the g