Business & Finance

China tackles commodities prices

Reuters was minutes ahead of the competition with key market-moving news on Chinese government measures to cool surging commodities prices, which have threatened its vital manufacturing sector. Reuters led by more than six minutes with news on June 16 that China’s state stockpile would sell metals to ease price pressures, and led by nearly five minutes with news on June 21 that the state planning agency was investigating the iron ore spot market.

Market Impact

The stockpile news spurred a drop of more than 1% in prices of copper, aluminium and zinc on the Shanghai Futures Exchange, while the iron ore probe sparked a more than 5% drop in China’s iron ore futures prices.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters News First
Sectors: Commodities & Energy
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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