Free Trial

China Should Show Zero Tolerance against Cmdty Hoarding

CHINA PRESS
MNI (Singapore)

China should continue to ensure commodity supply, curb excessive speculation, and show "zero tolerance" toward hoarding and manipulating the futures market as it seeks to cool the surging commodity prices, the official English-language newspaper China Daily said in a commentary. The rapid rise in prices of China's key upstream raw materials since the beginning of this year largely resulted from speculation, in addition to the faster-recovering demand outpacing supply, the newspaper said. A market supervision and law enforcement team should be set up to strengthen the controls over the functioning of the futures and spot markets, the daily said.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.