09.12.2014 - China commodity imports show only stockpiling boosts demand: Russell
It's getting harder to pull together a convincing, all-encompassing narrative for China's commodity imports, with the November trade data showing a fractured picture. One of the market expectations has been that the sharp drop in many commodity prices would boost imports by the world's biggest buyer, partly for stockpiling and partly to meet improving demand on the back of higher exports and domestic consumption. This theme may hold true for imports of crude oil and copper, but certainly doesn't apply to iron ore and coal..............................................Full Article: Source
Print