“China has had a credit binge for way too long,” Vasu Menon, the head of content and research at OCBC Bank Ltd. in Singapore, told Bloomberg TV. “The government is trying to rebalance the economy, trying to downsize the shadow banking system. All that means credit is going to remain fairly tight.” Aluminum fell for a 13th day, the longest slump since at least 1987. Copper lost as much as 3 percent to $6,613 a metric ton, the lowest since July 21, 2010, and aluminum dropped to the lowest since July 2009.
