Chinese demand is our demand.
posted on 12 November 2010 by skirchner
in Commodity Prices, Economics
(1) Comments | Permalink | Main
One wonders where this little uptick came from then? If I’m not very much mistaken April 2009 was the depths of a global manufacturing recession.
Similar charts for iron ore and copper here.
Perhaps the RBA missed these little upticks, or they conveniently ignored data from early 2009 onwards, because if they had, their models would have blown up.
I also have this nagging memory that Chinese urban fixed asset investment went absolutely bonkers about the same time frame. Silly me, it was the Chinese making plastic toys with all that iron ore after all!