Do More With Reuters
Partner Services

WRAPUP 1-China oil demand slips, metals demand slides in Oct

Mon Nov 23, 2009 1:12pm IST
 
Email | Print | | Single Page
[-] Text [+]

* Implied oil demand down 2.3 pct mo/mo, up 10.3 pct yr/yr

* Refined copper demand down 19.9 pct mo/mo, up 28 pct yr/yr

* 5 pct drawdown in fuel stocks shows real oil demand higher

* Base metals demand falls as imports slide, exports rise

* Coking coal imports 2.2 mln t, half last 4 months' average

By Eadie Chen and David Stanway

BEIJING, Nov 23 (Reuters) - China's oil demand edged down in October but appetite for base metals slumped as the country's economic recovery proved more supportive of some sectors than others, customs data showed on Monday.

Compared to October last year, both oil and metals demand seemed robust, since production has soared and imports are way above last year's levels, implying China has a strong appetite for commodities across the board. Apparent oil demand is up 10.3 percent, while demand for refined copper has jumped 28.6 percent.   Continued...

Construction workers work at a site as the sun sets in Chandigarh in this December 2006 file photo. REUTERS/Ajay Verma
Economy seen growing at 7.2 pct in FY10 - govt

The forecast reinforces the possibility that the government may start to unwind its fiscal stimulus in the budget.  Full Article 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives
Greece's Finance Minister Papaconstantinou addresses reporters during a news conference in Athens, January 20, 2010.
Eurozone agreed in principle to aid Greece

Euro zone countries have decided in principle to help debt-stricken Greece, a senior German ruling coalition source said.  Full Article 

FROM THE MARKETS

After the Bell
After the Bell

Reuters Money's Kshitij Anand updates you on the movers and shakers of the Indian stock market.  Blog 

SHOWCASE

"Claw Back" Pay
"Claw Back" Pay

Banks and regulators hope that threats to "claw back" pay if trades later blow up will rein in risk taking on Wall Street.  Full Article 

 
James Saft
Blaming Asperger's

COLUMN - Did Asperger's help cause the financial crisis?  Full Article 

 
Going Global
Going Global

With Volvo, Chinese eye M&A abroad to win at home.  Full Article 

 
Delivery Woes
Delivery Woes

Boeing 787 delivery schedule could slip - experts.  Full Article 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage