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Goldman's: China’s oil demand oil supported by record internal mobility, & is sustainable

Goldman Sachs says demand in China for many major commodities has been growing at what they refer to as 'robust rates', ahead of their earlier forecasts. China’s demand for copper has risen 8% y/yfor iron ore +7% y/yfor oil +6% y/y More:“The improvement in manufacturing trends so far in Q3 has also coincided with stronger import levels of base metals,”And, on oil:China’s oil demand has also been rising on the back of a “rapid recovery” in oil-intensive services sectors such as transportation“Chi... Read More

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Goldman

China

Demand

Supported

Record

Internal

Goldman s

China s

Mobility

Sustainable

Forex

Posted: Oct 2 2023, 23:07

Author Name: forexlive

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