Sun, Oct 25, 2020
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Commodity Crisis, Market Moves more

China’s Commodities Bubble

Posted on 04 May 2016

Irrational exuberance in China’s commodities markets used to be a curiosity. Every few years the price of mung beans or garlic would spike by a few hundred percent, but few outside the country paid much attention. Now that Chinese speculators are moving the global price of key commodities, it’s no joking matter.
The price of iron ore has increased by 50% since the beginning of the year, driven largely by trading on the Dalian Commodity Exchange. On March 7 it increased by 20%, the largest one-day move ever. Yet analysts believe there is an oversupply of iron ore so the market can’t clear at the current price………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
October 2020
S M T W T F S
« Nov    
 123
45678910
11121314151617
18192021222324
25262728293031