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China's Commodity Frenzy Spurs New Crackdown From Exchanges

  • Goldman Sachs has said it's concerned about surge in trading
  • Worries that explosive trading growth heralds bust: Zheng
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China’s commodity exchanges stepped up efforts to curb speculation in trading in everything from steel to iron ore and coking coal after futures soared amid a credit-fueled binge. Prices and volumes slumped.

Bourses in Dalian, Shanghai and Zhengzhou announced further measures late on Tuesday, including higher fees and a reduction in night hours, adding to a raft of moves this month that have made it more expensive for investors to trade.