CSRC: Paying great attention to fluctuations in commodity prices recently

Dhwani Mehta FXStreet

China Securities Regulatory Commission (CSRC) said on Friday that it is “paying great attention to fluctuations in commodity prices recently.”

Additional takeaways

Further curbs over-speculation, firmly cracks down on irregularities in the futures market.

Will help manage commodity prices in coordination with other government bodies.

This comes after China’s National Development and Reform Commission (NDRC), the country’s state planner, said that it will make plans to cope with abnormal fluctuations in commodities such as iron ore, copper, corn.

Market reaction

Metals are under pressure amid the strengthening US dollar and China curbs to stem the price increase. Gold posts small losses around $1890, Comex Copper drops 1% while Silver keeps losses below $28.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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