Now China Has Nickel Financing

DM: London copper near three-month low on U.S. rate outlook
On China's nickel imports:
Refined nickel imports jumped by 168.8 pct to 49,012 tonnes amid solid financing demand.
Reuters: Asia industrial commodities drop on Japan, China demand concerns
Asian industrial commodities, including steel, iron ore and rubber, slumped on Monday as concerns about the economic health of the region's two biggest export economies, China and Japan, raised questions about their demand for raw materials.

Chinese steel and iron ore futures sank to their lowest since March, each tumbling 6 percent at one stage, as faltering domestic demand puts renewed pressure on the oversupplied global steel market.

Steelmaking raw materials coking coal and coke slid by as much as 7 percent and other China-traded commodities also declined amid growing doubts on whether the world's second-largest economy is stabilising. Chinese exports for April slumped a more-than-expected 1.8 percent from a year ago, the government said on May 8.
FT: South Korea economy pays price for China slowdown and cheap oil
A slowing China and cheap oil — which has slashed the spending power of South Korea’s major emerging markets customers — are taking a toll on an economy seen as a bellwether for global trade given its heavy reliance on imports of raw materials and exports of goods ranging from electronics and cars to ships and petrochemicals.

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