China squeezes commodity traders again as prices spike
Bourses raise fees for steel, rubber futures and for coal six months after Beijing steps in to deflate speculative bubble
Thu, Nov 10, 2016 - 5:50 AM
The government of President Xi Jinping is trying to cool coal prices by allowing some major miners to increase production after efforts by regulators earlier this year to cut supply sent prices soaring.
CHINA'S once again trying to restrain its commodity traders following a spike in prices from coal to rubber, six months after the government stepped in to deflate a speculative bubble.
The Shanghai Futures Exchange urged investors to trade rationally and maintain market...