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Mon 11 Nov 2009China oil and metals trade robust
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 today.
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 per cent, while demand for refined copper has jumped 28.6 per cent.
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