They will also examine whether companies are using affiliated entities to place trades on the DCE in violation of the market rules.

One of the prevailing China narratives in commodity markets is that the trade dispute with the United States is weakening demand in the world’s biggest importer of natural resources.

Donald Trump said in a memorandum on Saturday he did not concur with the investigation that found uranium imports threaten to impair U.S. national security.

He has rejected a recommendation by the Commerce Department to require US power producers to source up to 25% of their uranium from domestic mines, creating instead a working group to review the country’s nuclear fuel supply chain.

There are high chances of the U.S. recession arriving somewhere between the second and the fourth quarter of 2020.

Exports of the group of 17 chemical elements used in everything from high-tech consumer electronics to military equipment came in at 3,966 tonnes last month.

Coal stockpiles at China's six largest coastal coal-fired power plants reached 18.32 million tonnes on Wednesday, equivalent to nearly 31 days of daily consumption.

A slowdown in the world's second-biggest economy continues to weigh on demand for the metal.