Summary Box: Commodities fall on China worries

AP News
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Posted: Mar 20, 2012 3:20 PM
Summary Box: Commodities fall on China worries

DOWN DAY: Commodity prices fell across the board after more evidence of China's slowing economy. China is a major importer of raw materials.

SLOWER GROWTH: Reports pointed to a slower pace for China's economic growth. Retail gasoline prices rose for the second time in two months, and housing prices dropped last month in 45 Chinese cities. BHP Billiton Ltd. predicted that China will not consume much more iron ore in 2020 than it does now.

LOSERS AND WINNERS: Prices for gold, copper, oil, grains and beans fell. Cocoa and coffee rose.