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China commodities nosedive as coronavirus raise consumption fears

China commodities nosedive as coronavirus raise consumption fears

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2 comments

  1. Damn, I was really looking forward to my flea market guy getting his next shipment of bootleg sunglasses.

  2. This is the best tl;dr I could make, [original](https://www.reuters.com/article/us-china-commodities/china-commodities-nosedive-as-coronavirus-raise-consumption-fears-idUSKBN1ZX0Q9) reduced by 75%. (I’m a bot)
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    > SHANGHAI – Chinese commodities markets slumped on the first trading day after an extended Lunar New Year break, with several futures contracts hitting downside limits on fears the spread of a new virus will hit demand in the world's top commodities consumer.

    > The losses in China followed declines in global markets since Jan. 24 when the Lunar New Year break began, with the virus fears driving down prices in all sectors.

    > "China accounts for a much larger share of commodities demand now relative to 2003, if we are benchmarking against the SARS impact. The impact is more acute in terms of how demand plays out," said Commonwealth Bank of Australia analyst Vivek Dhar.

    *****
    [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/f0cgol/china_commodities_nosedive_as_coronavirus_raise/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ “Version 2.02, ~466238 tl;drs so far.”) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr “PM’s and comments are monitored, constructive feedback is welcome.”) | *Top* *keywords*: **markets**^#1 **demand**^#2 **Exchange**^#3 **Commodity**^#4 **oil**^#5

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