Growing global trade tensions weigh heavily on commodities ...
... with iron ore & coal falling around 20% in July ...
... crude oil prices easing 12% ...
... but base metals doing better falling just 4%.
Chinese growth concerns have emerged just as iron ore supply has improved.
Chinese steel production to moderate as housing activity slows.
Chinese coal import controls are starting to bite.
https://westpaciq.westpac.com.au/Article/39763
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