ANZ launches China-focused commodities index

Sydney: Australia and New Zealand Banking Group has launched an index for clients to track Chinese commodities demand, which it said was a better gauge of global commodity markets than other indices that were too focused on Western markets.

The ANZ index tracks Chinese domestic prices of 22 commodities, including iron ore, coal and rice, which are not included in other international commodities indices, and is weighted on consumption rather than production.  [06/07/12]

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