TSX:TECK.A - Post by User
Post by
dselon May 22, 2009 4:13am
456 Views
Post# 16008353
Charts: China Metal Imports Impressive
Charts: China Metal Imports Impressivehttps://www.thedisciplinedinvestor.com/blog/2009/05/22/charts-china-metal-imports-impressive/
Charts: China Metal Imports Impressive
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)
