Gold, Cooking Oil and Electricity
Gold Hedging Action may be weaken
According to the historical prices of gold, the gold hedging action plays an important role in its prices. Due to the outbreak of the U.S. debt crisis in 2007, the world economy came to a pessimistic condition and under the expected inflation, but which has pushed the gold prices go up.
The Average Oil Prices in Shanghai began to fall down
Due to the reduced prices of the raw materials and the wholesale prices, the cooking oil in many supermarkets in Shanghai recently began to decline the prices, in which the bean oil price is the most apparent.
International coal Prices plummeted while the Power Plants still calling it’s hard to decline the Prices
It is learned from the international energy network that, till Oct.24th, the last trading day, the Asian benchmark coal prices fell to 96 dollars per ton, falling below 100 dollars yet. It is said that this is the nineth week in a row that the international coal prices continued to decline.
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