Chinese Plenum Could Boost Commodities

Investors are keeping a keen eye on China this week as the world’s second-biggest economy gears up for its Third Plenum of the Communist Party. The summit of China’s leaders is expected to deliver some of the biggest reforms for the country in 35 years.
China is the one of the world’s biggest producers and consumers for a range of commodities. In ranks number one in the steel and coal industry, according to the World Coal Association, as well as in iron ore, according to the U.S. Geological Survey. The Copper Development Association state it’s the world’s second biggest producer of copper, behind Chile. Commodities are a big deal for the biggest population on the planet, and prices have risen in the last 10 years with China the underlying driver of this “super-cycle”.

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza