The collapse in metal prices this year is all about China. That much is now common knowledge. Chinese demand growth fuelled the boom years. Chinese slowdown, particularly the slowdown in construction activity, has caused the bust. But China is also the source of an entirely new driver of lower prices in the form of massive speculative short selling.
Open interest and volumes have surged across all the industrial metals contracts traded on the Shanghai Futures Exchange (SHFE). Indeed, such has been the intensity of the bear attack that the country's own producers are now calling for the authorities to investigate what is going on...............................................Full Article: Source
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