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The weakest commodity market in 25 years is proving to be a boon for China as it grapples with the slowest economic growth since 1990.
The world’s biggest user of energy, metals and grains bought a record amount of crude, iron ore, soyabeans and copper concentrate last year, when a measure of returns from 22 commodities posted the biggest decline since the 2008 global financial crisis. While China took advantage of the drop in prices to boost purchases of raw materials, it also sent some manufactured products such as steel abroad and exacerbated a market oversupply.
For more information ✆ – 0731-6642300 or Visit http://ift.tt/1k8NnLH
The world’s biggest user of energy, metals and grains bought a record amount of crude, iron ore, soyabeans and copper concentrate last year, when a measure of returns from 22 commodities posted the biggest decline since the 2008 global financial crisis. While China took advantage of the drop in prices to boost purchases of raw materials, it also sent some manufactured products such as steel abroad and exacerbated a market oversupply.
For more information ✆ – 0731-6642300 or Visit http://ift.tt/1k8NnLH
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Posted in: Indian Market Tips
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