Jury's out about this so call dog currently there's a change in sentiment in global markets. Copper downturn being the forerunner; it is seen as a barometer as it's usage is diverse.
In today's Australian (hard copy)"Copper price slump sets off alarm bells" mentions 'copper has careened into a bear market catching commodities traders off guard and triggering alarm bells across financial markets'.
As previously muted on these threads thermal coal will still be in demand in a slowing global economy. So I suspect watch this space.
PS Copper flat as traders take a breather http://www.theaustralian.com.au/business/markets/copper-flat-as-traders-take-a-breather/story-e6frg91x-1226153395253
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