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To: Biomaven who wrote (187504)12/30/2014 3:25:13 PM
From: DewDiligence_on_SI  Respond to of 206093
 
China's proportion of worldwide steel steel production is very high because it's a steel exporter as well as a large consumer.

Even with a slowing growth rate, China's absolute year-over-year growth in demand for commodities is climbing as the base number on which to apply the growth rate continues to increase.

In summary, China is not the main impetus for low commodity prices, but rather is a convenient culprit where the true explanation is multifaceted and somewhat mystifying.



To: Biomaven who wrote (187504)12/31/2014 11:58:49 AM
From: DewDiligence_on_SI  Read Replies (1) | Respond to of 206093
 
Article (from 538.com) on the multifaceted nature of oil pricing and the near-impossibility of making accurate predictions: siliconinvestor.com