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From IFeng:
Commodity futures market continued to experience “bloodbath.”
Today, commodity futures and collapse. Climb high fall hard from early differentiation trend once again turning a large area of diving, Black commodity fall most miserable. At the close, hot rolled, thread, iron , glass all four commodities benchmark contract closed in the daily limit. Coke, coking coal and Zheng also a substantial correction, decreases of 8.56%, 5.92% and 3.49%.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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