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Commodities Briefing - Categorized | Performance, Trading more

False Dawn for Chinese Commodity Rebound

Posted on 09 November 2016

Chinese coal imports by volume in October were up 55% on the year. China posted another month of lackluster trade figures in October, but one positive trend remains intact: Chinese power plants and factories have an ample appetite for coal, iron and oil.
Commodity investors bruised and battered by two years of gut-wrenching price declines have been cheered in recent months by record imports from China, which have helped push oil and iron ore prices off their nadir and helicoptered Aussie coal prices back to levels not seen since early 2014…………………………………….Full Article: Source


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