Morning Bites (part 2)
🏦China’s aggregate financing grew 16% YoY in March to CNY 5.38tn, exceeding the consensus estimate by 20%. Specifically, traditional bank loans gained 24% YoY, beating the consensus by 20%. The continued financing growth, together with the positive local PMIs, underpin our view for industrial metals. To recap, China represents 52% of global steel consumption, as well as 55% and 58% of world copper and aluminium demand, respectively
#global
https://metals-wire.com:3000/news-reports
Post #867
204
