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#1
18-05-2018, 11:10 AM
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The new Tulip Mania: China Apples worth more than US Apples
An honorable member of the Coffee Shop Has Just Posted the Following:
The apple futures for October delivery, the dominant contract on China’s Zhengzhou Commodity Exchange, jumped as much as 5 per cent to 9,235 yuan per metric tonne on Wednesday, the highest on record since China launched the world’s first apple futures in December. Turnover of the contract reached a whopping 363 billion yuan (US$57 billion), just shy of the combined turnover of 402 billion yuan (US$63 billion) for Shanghai and Shenzhen markets on Wednesday.... The new Tulip Mania: China Apples worth more than US Apples Click here to view the whole thread at www.sammyboy.com. 
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