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CSI: China gambles on speculator curbs

CSI: China gambles on speculator curbs (Aug. 31, 2017)

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China’s steel markets gained strength again in August, sending spot prices higher and boosting confidence. This strength is causing two separate issues, weak exports and increased futures trading. Higher futures prices have now prompted curbs on speculators, sending ferrous futures markets into confusion. Ironically, attempts to reduce the risk of speculators crashing commodity markets is creating uncertainty over when and how the government will intervene. In this issue we look at whether or not risk has been increasing in ferrous futures markets and whether interventions are helping.

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