Parsing China's Pronouncement on Commodity Prices
Commodity markets were shaken over the weekend when news got out about the Chinese government warning "speculators" and "hoarders" in commodity markets about price fixing activities. But let's be clear, the Chinese authority, the National Development and Reform Commission, has been making vague accusations and threats, rather than identifying instances of malpractice. In this press release of 24 May, China's National Development and Reform Commission, notes that, "since the b