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CEBM Sees Three Factors behind Commodity Market Gains since July
Sep 8, 2017 10:10Source:SMM
The big gains in commodity futures prices since July have been driven by three major factors, Zhang Lu, macro analyst from CEBM, said at SMM 7th Tin Supply Chain Summit held on September 7-8.
SHANGHAI, Sept. 8 (SMM) – The big gains in commodity futures prices since July have been driven by three major factors, Zhang Lu, macro analyst from CEBM, said at SMM 7th Tin Supply Chain Summit held on September 7-8.
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First, demand was stable, which eased market pessimism. Second, supply-side reform was more aggressive than expected. Third, monetary policy was not tight.
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