| A months-long rally in China’s commodity futures may be coming to an end after the country’s exchanges took steps to crack down on speculative trading. Futures for coal and iron ore that rallied sharply this year have gyrated this week following a dramatic rout on Friday evening after China’s three commodity exchanges increased margin requirements.
“It ran up too much and the increased margin requirements by the exchanges are starting to bite,” said a trader at one house that has taken big bets on commodities futures this year...............................................Full Article: Source
|