January 27, 2009

Commodities Up on Chinese Demand

Is the commodities bust ending? The Baltic Dry Index (measures activity in commodities shipping) moved to 1,000 ending a 3 month snap and may signal a reverse of its cliff dive since last October. The shares of iron-ore heavyweight Vale do Rio Doce traded up in Brazil while USA steelmakers USX and Nucor are up on NYSE on profitability. Vale credits increased Chinese demand and a belief that China will continue to grow...


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