Jake's View

Jake van der Kamp has been writing wide-ranging business columns for the South China Morning Post and Sunday Morning Post for more than a decade. A longtime Hong Kong resident, he started as a Post business reporter in 1978, soon made a career change to investment analyst and then returned to the newspaper in 1998 as a financial columnist.

A processing plant can be seen at the Fortescue Metals Group (FMG) Christmas Creek iron ore mine located south of Port Hedland in the Pilbara region of Western Australia, November 17, 2015. Picture taken November 17, 2015. REUTERS/Jim Regan

Fed to blame for commodities rout, not China

Shanghai steel futures languished near a record low yesterday amid cooling Chinese demand, putting more pressure on raw material iron ore that is only a tad off a seven-year trough.

Reuters, SCMP, November 25