China’s commodities imports decline as seasonal slump weighs ...Qatar

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China’s commodities imports decline as seasonal slump weighs
source : Gulf Times ( Qatar ) () 9
China’s purchases of key commodities fell in October from the prior month, mainly because of seasonal factors including an extended holiday at the start of the month in the world’s biggest buyer of raw materials. While the nation’s broader imports couldn’t hold September’s heady pace, slumping to below-consensus growth of 4.7%, “a second straight monthly expansion suggests a continuous rebound in domestic demand,” according to Bloomberg Economics. Among major commodities, crude imports fell to a six-month low of 42.6mn tonnes as private refiners ran low on quotas and state firms trimmed purchases due to maintenance, according to customs data on Saturday. Still, the tally for the year is lik

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