Commodity prices to hold at high levels, says HSBC

SYDNEY - Despite China’s slowdown, commodity prices have been broadly steady over the past year, and are still more than 120% above their 1990s average, according to a new report by HSBC Australia. “Rising supply suggests further modest declines in commodity prices are likely in coming years, but we still expect them to stay well above their 1980s and 1990s levels,” HSBC says.