[Zhang Fei]

I must admit, looking with hind sight at the Non-OPEC supply versus global demand growths from the Summer EIA short-term energy reports, I have to wonder why wasn’t anybody talking about the constant more supply than demand growth, for nearly a year.

Everyone figured China would soak it up. Then China had a slowdown. And if copper prices are any indication, it's the first significant one since markets were introduced in 1979.

[thackney]

Iron is down to, along with some other useful metals. Lumber futures are down as well.