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AUD traders heads up - China industrial metals prices still under pressure

Eamonn Sheridan
23/05/2021 | 21:53 GMT

China promised last week more intervention in commodity prices, this ICYMI:

  • China will strengthen its management of commodity supply and demand to curb "unreasonable" increases in prices

Prices in industrial metals fell further on Friday in China, iron ore off circa another 7% .

This is going to keep AUD bulls wary and is something to be aware of in this new week ahead.

China promised last week more intervention in commodity prices, this ICYMI:

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