China's growing commodity stockpiles signal economic slowdown, raising concerns among global suppliers.
China's growing stockpiles of key commodities like coal, crude oil, and soybeans highlight a significant economic slowdown, driven by weak consumption and industrial activity. The government's growth targets seem increasingly unrealistic, raising concerns among global suppliers. Despite high inventories, state-owned importers focus on maintaining reserves. While copper demand may rise due to falling prices, challenges in steel and soymeal markets persist, affecting local prices and American farmers.
September 02, 2024
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