Chinese commodity imports are expected to slow in the second half of the year from record levels as the impact of the country's stimulus package, arbitra- ging opportunities and stock- piling fade, according to a Royal Bank of Scotland report being published today.
The market has been expecting a slowdown in Chinese imports for the past three months, but when data for July iron ore and crude oil imports were published last week, it showed another sharp increase to record highs.
China's imports of commodities including copper, aluminium, coal, iron ore and crude oil surged in the first half of the year in spite of the economic slowdown, helping to push up world prices, which had collapsed in the aftermath of the global crisis.
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