China Said to Consider Probe of Short-Selling in Domestic Metals
- Regulators start collecting some trading activity records
- NDRC asked to make purchases of metals to support prices
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Chinese regulators are considering a request from a metal industry group to probe short-selling in domestic metal contracts amid recent price declines, according to people with knowledge of the matter.
Regulators have begun to collect some records of trading activity following a request from the China Nonferrous Metals Industry Association, according to the people, who asked not to be identified because they aren’t authorized to speak publicly on the matter. Nobody answered calls to the industry association’s general office.