Iron Ore Price, page-2402

I found the below excerpt from a Bloomberg article interesting. Aside from the points below the Chinese data today was year on year data, but hey - the headlines sound scarier if you make it sound like suddenly between August and September China is imported 20% less of everything from everywhere:

http://www.bloomberg.com/news/artic...slump-for-11th-month-export-decline-moderates

Crude imports rose from a three-month low as the world’s second-largest consumer sought bargain barrels for its reserves. Iron ore imports increased to the highest level this year to near a record.
The drop in import values may be more of a reflection of lower commodity prices than a weaker economy because growth in volumes was comparable to the same time last year, said Zhu Qibing, a Beijing-based analyst at China Minzu Securities Co. Still, a sustained drop in imports would be a drag on the global economy, Zhu said in a phone interview.