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The price of copper dropped close to its 2018 lows and iron ore prices plunged on Thursday after customs data showed imports of raw materials by China weakening sharply in February
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Imports of a number of key commodities also declined over the month, with iron ore down 10 per cent, coal down 11 per cent and copper 5 per cent, although oil imports bucked the trend and increased in February
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Not surprisingly, any discussion of iron ore prices in top consumer China inevitably involves some reference to import stock inventory Need buying strategies for steel?