Charts: China Metal Imports Impressive
May 22, 2009 12:32 am
Take a look at the massive increase in China’s metal imports. In particular, the aluminum and alloy levels for 2009 are showing a spike that is helping many emerging market exports.
Peru, the number one performing stock market for 2009 (80% gain YTD) is getting a good amount of orders as is Brazil. The United States is also seeing some reasonable levels, but compared to most other countries and other metal categories, it is minimal.
China is building, stockpiling or collection. No matter, the charts speak to real orders. If it continues, pricing should also continue to expand.
(Click to Enlarge)