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China Commodity Prices May Fall in H2: Yicai

CHINA PRESS
MNI (Singapore)

Prices of some commodities in China will gradually return to a reasonable range in the second half, amid stricter supervision, helping cool soaring PPI, Yicai.com reported citing analysts. The China Commodity Index decreased 3.1% to 100.2% in May from April, falling for the first time in three months to a five-month low, the newspaper said. Commodity prices (excluding crude oil) may peak this quarter before falling as the imbalance between supply and demand has eased amid supply recovery, the newspaper said citing Wu Xianghong, senior economist of China at JPMorgan Chase.

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