What China keeps in its secretive commodity reserves
FILE PHOTO: An employee operates a crane to lift aluminium wires at a warehouse in Zouping county, Shandong province, China April 18, 2018. China Daily via REUTERS 05 Aug 2021 08:19AM (Updated: 05 Aug 2021 09:01AM)
For the first time in a decade, China has released some of its strategic metal stocks to try to dampen a price rally hurting manufacturers. It has also released coal and imported corn reserves to cool prices, while buying pork to prop up that market.
China is the world s largest user of commodities and has built up vast reserves. The following are details of key commodities and estimates and assessments of strategic reserve levels
By Tom Daly and Shivani SinghAug 5 (Reuters) - For the first time in a decade, China has released some of its strategic metal stocks to try to dampen a price rally hurting manufacturers. It has also released coal and imported corn reserves to cool prices, while buying pork to prop up that market.China is the world's largest user of commodities and has built up vast reserves.
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