From Newsmax:

Much of the massive Chinese purchases of commodities in recent weeks have gone to stockpiles rather than to satisfy current demand.

That means the huge Chinese buying is unlikely to continue, and that in turn means commodity prices may be unable to sustain their recent advance.

As for the stockpiling, at least 90 freighters stuffed with iron ore that are floating at China’s ports will have to wait as much as two weeks to unload their cargo because port storage facilities are full...

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