RPT-WRAPUP 1-China commodity output surges but imports lag

Wed Nov 11, 2009 11:05am GMT
 
Email | Print | | Single Page
[-] Text [+]

(Refiles to fix formatting)

* October iron ore imports down 30 pct on monthly basis

* Refinery throughput up 10 pct yr/yr, 1.4 pct mo/mo

* Power generation up 17 pct yr/yr, down 3 pct mo/mo

* Metals output at or near record monthly highs

* For a table of preliminary trade figures: [ID:nPEK334671]

By Polly Yam and Eadie Chen

BEIJING, Nov 11 (Reuters) - China's production of metals, fuel and power stayed at record levels last month as industrial output hit a 19-month high, but falling imports of copper and iron ore fuelled doubts whether it really needed so much material.

As so often in the past year, calendar-related blips in the data and the inexact influence of China's huge stockpiles have obscured the true picture of demand for each commodity, making it hard to judge if China's growth is solid or hollow.  Continued...

 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos