10.05.2016 - The Cold, Hard Facts Raining on China's Commodity Parade
There’s nothing like facts to get in the way of a good yarn. Prices of everything from steel rebar to cotton are extending losses in China as a slew of bearish data hastens the reversal of a rally last month triggered by speculation that economic stimulus and industrial reforms would drive up demand and curb supplies. Steel futures in Shanghai fell the most since trading began in 2009 after inventories rose while iron ore in Dalian sank as much as 7.1 percent, extending its retreat from a 13-month high, after data showed Chinese port stockpiles expanded to the highest level in more than a year...............................................Full Article: Source
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