法兴银行：中西方商品期货市场投资分析-44页.pdfVIP

COMMODITIES 12 April 2017 Important Notice: The circumstances in which this publication has been produced are such that it is not appropriate to characterise it as independent investment research as referred to in MiFID and that it should be treated as a marketing communication even if it contains a research recommendation. This publication is also not subject to any prohibition on dealing ahead of the dissemination of investment research. However , SG is required to have policies to manage the conflicts which may arise in the production of its research, including preventing dealing ahead of investment research. Monthly Extract from a report Commodity Compass Chinese vs Western commodity markets – key questions insights Cross Commodity Strategy In this publication, we focus on the Chinese commodity futures markets and try to Mark Keenan (65) 6326 7851 provide some insight to many of the questions frequently asked by our clients. mark.keenan@ Head of Commodities Research Dr. Michael Haigh We analyse how these markets have grown and evolved over the past ten years and (1) 212 278 6020 michael.haigh@ how to define, track and assess the speculative activity that has recently dominated Contributors Malavika Dinaker - Trainee much of the newsflow on these exchanges. As there is no equivalent CFTC