Commodity prices up on construction boom and uncertainty after govt crackdown on air pollution
Tue, Oct 17, 2017 - 5:50 AM
A coal mine in the suburb of Tangshan, Hebei province. Top steelmaking city Tangshan became the latest to enforce production cuts this month, ahead of the previous deadline of Nov 15, when winter heating systems in China are switched on.
CHINA'S producer price inflation unexpectedly accelerated to a six-month high in September as a construction boom shows no signs of abating and a government crackdown on air pollution triggers fears of winter shortages and frenzied jumps in commodity prices.