09.10.2008 - China: Commodities market takes another bashing
From People.com.cn: The grim outlook on the global economy arising from uncertainties over the full extent of the financial crisis in the United States has sent global commodities markets into a tailspin, with many futures contracts on the Shanghai exchange yesterday dropping to their daily limits. Contract prices of copper, zinc and natural rubber on the Shanghai market dropped for the second consecutive day to their daily limits, with the most actively traded copper contract for delivery in December closing at 48,640 yuan (7,128 U.S.dollars) per ton, the zinc contract for the same month at 12,845 yuan and natural rubber for delivery in January 2009 at 17,045 yuan..... Full Article: Source
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