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China’s Commodities Imports Decline as Seasonal Slump Weighs

  • Crude purchases still expected to increase 10% from last year
  • Brazilian soybeans dwindle but U.S. supplies boost tally
Views of the Yangshan Container Port Ahead of China Trade Figures
Photographer: Qilai Shen/Bloomberg
Updated on

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.