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Commodities Briefing - Categorized | Trading, Trends more

China commodity import weakness may be temporary

Posted on 11 March 2013

There was always going to be a decline in China’s commodity imports in February, but the pullback appears to have been bigger than expected. Crude oil, iron ore and copper all suffered sharp drops, so much so that even putting them together with January’s numbers still leaves year-on-year comparisons in negative territory.
The question then becomes is this the start of a new trend toward renewed weakness in the world’s largest importer of natural resources, or is it more likely that temporary factors are at work?
It’s always risky to call a trend based on one month’s data, but despite the weak data there is little evidence elsewhere to support the view that China’s economic growth is losing momentum………………………………………..Full Article: Source


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VRS - who has written 36171 posts on Opalesque Commodities Briefing.


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