大宗商品

Lustre buster
Lex專欄:大宗商品開始跌勢?


迫於物價上漲壓力,中國政府只能採取極端措施迫使大宗商品價格回落。其第一波暗示已引發一輪迴調,但過去幾天的下跌可能是一輪跌勢的開始。

Commodities stand corrected. Indices of industrial metals and agricultural prices have dropped more than 10 per cent in a matter of days, while precious metals have sold off sharply. After the impressive ramp in their prices over the preceding two months, induced by expectations of new liquidity from the Federal Reserve, a correction seems natural enough. But the threat of Chinese price controls could be more than a mere correction.

大宗商品「低頭」了。短短几天,工業金屬和農產品價格指數已下跌逾10%,貴金屬也大幅下挫。在美聯準(Fed)新一波注資預期的誘導下,先前兩個月,大宗商品價格出現了令人歎爲觀止的攀升,一波回調似乎是再自然不過的事情。但是中國控制物價的威脅帶來的可能不只是回調。

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