China’s wheat imports, in contrast, exhibited weakness in April, coming in at 203.3Kt, down 31% y/y. Quality concerns over China’s domestic crop had been supporting wheat import demand for much of 2012, with full-year imports in 2012 up by 195% y/y at 3.7mn tonnes.
Overall, Chinese implied oil demand in April rose by 2.7% y/y to 9.6 mb/d. The growth rate of 300..
For intra-day, support for the base metal is seen at 829 while 845 is the resistance. Traders may..
For intra-day, crucial support for the commodity is seen at 5300 while 5350 is the resistance. Tr..