Very much like the self-imposed output cut by OPEC and non-OPEC members which successfully boosted the price of crude over $50 even if global crude inventories “inexplicably” continue to hit new all time highs, one of the main reasons why commodity metal prices have seen a dramatic increase in prices over the past year has been China’s solemn vow to cut back on overcapacity and excess production.
Published in TZ Latest News 27 March, 2017 by The TZ Newswire Staff
Iron Ore Tumbles As China Steel-Producing Hub Found Lying About Production Cuts
Published in TZ Latest News 27 March, 2017 by The TZ Newswire Staff
Iron Ore Tumbles As China Steel-Producing Hub Found Lying About Production Cuts
Very much like the self-imposed output cut by OPEC and non-OPEC members which successfully boosted the price of crude over $50 even if global crude inventories “inexplicably” continue to hit new all time highs, one of the main reasons why commodity metal prices have seen a dramatic increase in prices over the past year has been China’s solemn vow to cut back on overcapacity and excess production.