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China’s commodities imports fall in May on high stocks, tighter credit

Posted on 09 June 2014

China’s imports of major commodities fell in May from the previous month, official customs data showed on Sunday, as companies scaled back on orders after robust shipments in the previous months caused a supply overhang.
Falling product prices on the back of sluggish demand have led loss-making companies, especially steel mills and crushers, to reduce orders, while increased scrutiny on commodities financing and tighter credit also weighed on import demand………………………………………..Full Article: Source


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