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Why Chinese metals markets are warping commodity data

Posted on 25 February 2014

Steel prices in China have been close to all time lows, iron ore looks shaky as well, as demand falters amid worrying manufacturing data, and yet Chinese imports of the two most important commodities in the world are at record levels.
Saxo Bank’s Head of Commodity Strategy Ole Hansen has been analysing the situation. He’s spotted evidence that commodities are being used to finance loans, warping the markets, making it even more tricky to assess the true state of China’s economy………………………………………..Full Article: Source


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VRS - who has written 36658 posts on Opalesque Commodities Briefing.


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