Ivan Glasenberg, CEO of the commodities giant Glencore, warned of an impending slowdown in commodities demand from China, the Financial Times reported. “We see a pullback in China and it will continue,” Glasenberg said in the firm’s first public financial results since an IPO last month. “There are pullbacks in China from time to time when they see inflation is too high.” However, Glasenberg also said that the medium-term supply and demand picture remained positive. The statement is an unusual departure for Glencore, which despite its substantial presence in the commodities space rarely makes public its opinions on the future of commodity demand. Glasenberg’s comments confirm what many commodities analysts view as a general slowdown in global growth; commodities prices have already fallen 7% from their peak in May.