China Releases 1.52 Million Ton Cotton Reserve
Though the move was aimed to meet the demands of textile markets and to stabilize prices of the cotton market, the auction during the first two days was lukewarm as many textile makers considered the price too high to sustain profitability.
Copper Rocks in China under Infrastructure Stimulus
These days China's main copper consumers are in four industries-- electrical power, home appliances, construction, and automobiles. The power industry is the largest consumer among them, consuming over 50% of the total.
China May Expect Iron Ore Prices to Drop 40%
Although iron ore demand in other countries is slumping, in China demand is apparently increasing. In the first quarter of this year, China imported 131 million tons, up 18.8%, year on year. In March alone China imported 52.08 million tons, 46.2% over the same month last year and a record high.
Chinalco Defies Rio's Plan B, and China Steel Makers Resist 20% Iron Ore Price Drop
Showing no interest in the report about Rio Tinto's alternative plan of offering an additional $8 billion, Chinalco continues to prepare for its capital injection into Rio Tinto. It is reported that Chinalco had suggested its willingness to compromise on the basis of the original scheme; a Chinalco insider emphasized the company had never made any adjustment to the capital injection plan.
Metals Rebound for Now as China Demand in the Play
"China demand" has become a rallying cry for strong support of recent international metal prices, but the market worries how long such demand will last. Due to the weak demand and high inventory in other parts of the world, the influence of China demand is certain to be limited.
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