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China’s commodities lose more froth as economic worries underpin curbs

Posted on 06 May 2016

Chinese steel and iron ore futures fell sharply for a third straight day and other commodities also slid on Thursday, giving up more froth after Chinese exchanges slapped curbs to quell speculation that spurred a buying frenzy last month.
Mixed signals on China’s economic health have also weighed on sentiment, breaking earlier perceptions that the world’s second-largest economy had stabilized. Trading volumes have tapered off from record highs hit in April after China’s securities regulator told commodity exchanges in Shanghai, Dalian and Zhengzhou to rein in speculation following rapid price gains in everything from steel to cotton………………………………………..Full Article: Source


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