18.02.2014 - China factor casts shadow on iron-ore prices
For the most part the commodities space found a good bid on Friday, but analyst commentary was a tad wary. Buying pressure might have been expected, given the better-than-expected gross domestic product (GDP) figures seen out in the likes of France, Germany and the Nertherlands, alongside a weak US dollar. However, over the last few days different research outfits have been raising a red flag following the release of the latest set of very strong import data out of China. In particular, they highlighted the rise to all-time highs in imports of iron-ore (18% year-on-year), refined copper (53%), crude oil (12%) and even soybeans...............................................Full Article: Source
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