Getting the global price right

Chinese companies look to have bigger say in market for global commodities

Chinese companies are increasingly trading in global commodities to secure long-term supplies and exert more influence over pricing mechanisms.

As one of the world's largest consumers of commodities such as agricultural products, metals, minerals, oil and gas, China has historically purchased these commodities from international markets at unfavorable prices due to lack of participation in international commodity exchanges, which set commodity prices.