Posts Tagged ‘china’

WTI Trending Low Amid A Slowdown For Imports Into China

by Forex Rooton September 8, 2014 8:36 am BST
West Texas Intermediate traded near a three-day low amid a slowdown for imports into China, the world’s second-biggest oil consumer. Futures were little changed in New York. China’s purchases declined 2.4 percent in August, compared with a 1.6 percent drop in July, data from Beijing-based customs administration show. Exports rose by 9.4 percent. WTI slid […]

Copper Continues Its Decline on Poor Chinese Imports

by Christopher Lemieuxon June 9, 2014 7:54 pm BST
Copper fell for the fifth consecutive session, the longest decline in three months, as imports into China fall 16 percent from May to April. The declining imports has brought on worry about current levels of demand. However, this is likely to take place due to China’s probe into its bonded copper warehouses to count inventories […]

China Probes Copper Warehouses; Futures Down Four Consecutive Sessions

by Christopher Lemieuxon June 6, 2014 4:12 am BST
Copper futures are down on the fourth consecutive sessions, as China probes their bonded copper warehouses to determine if companies are still using the industrial metal as collateral in financial transactions. Inventories will be examined on whether or not batches are being counted multiple times. As China began to crack down on the very large […]

China Aiming to Influence Gold Markets With Global Platform

by Christopher Lemieuxon May 27, 2014 10:05 am BST
China is aiming to further influence the gold markets, as the Shanghai Gold Exchange (SGE) received the approval to launch a global trading platform. Foreign banks and gold producers were approached and asked to participate with the SGE, which could shift the dominance from financial centers of New York and London in terms of gold […]