IHS Markit's materials price index registers 3.1% weekly decline

A broad basket of commodities tracked by market research house IHS Markit has declined the most in a single week since mid-April, falling 3.1% last week in a broad retreat. IHS senior economist Ben Orhan said in a news release to Mining Weekly Online on Thursday that the commodity price index was back to levels last seen in November, with fully two-thirds of its big fourth-quarter rally erased.