Materials Rise on Weak Dollar, Momentum - Materials Roundup

Features Dow Jones Newswires

Shares of miners and other commodities producers rose as the dollar fell to its lowest level in more than three months.

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Shares of steelmakers rose after analysts at one brokerage said the market dynamics for the industrial metal look bullish going into 2018. "The global supply/demand balance is healthy with demand strong and constrained output," said analysts at brokerage Credit Suisse, in a research note.

"Inventory levels remain low, hence restocking upside risk remains and risk of destocking is very limited in our view."

Chinese capacity cuts will keep a lid on Chinese exports again this year, said the Credit Suisse analysts.

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

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January 04, 2018 16:27 ET (21:27 GMT)