Iron Ore Market Report May 2012
2012-08-07 15:34:12 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1 Financial Overview
According to the statistics released by China Federation of Logistics and Purchasing (CFLP) and Service Investigation Center in State Statistic Bureau, the PMI kept at 50.4% in China manufactures in May, a 2.9% drop m-o-m, hitting the lowest over the past five months and showing the falling of economic growth. The economic growth momentum has not changed with the index above 50% for the consecutive 6 month. The short-lived decrease in economic growth did not mean that Chinese economy entered a new period of recession. We should see the good aspect of the economic development wth decreased economic growth in sight.
According to the statistics released by China Federation of Logistics and Purchasing (CFLP) and Service Investigation Center in State Statistic Bureau, the PMI kept at 50.4% in China manufactures in May, a 2.9% drop m-o-m, hitting the lowest over the past five months and showing the falling of economic growth. The economic growth momentum has not changed with the index above 50% for the consecutive 6 month. The short-lived decrease in economic growth did not mean that Chinese economy entered a new period of recession. We should see the good aspect of the economic development wth decreased economic growth in sight.
