China raised its imports of key commodities in August amid signs of industrial activity picking up after a summer lull and continued stockpiling of crude oil reserves. Chinese imports of crude, copper, iron ore, and soybeans increased in August compared to July and, most importantly, compared to the same month last year, according to official customs data published on Monday. China boosted crude imports last month as refiners exited maintenance and operated at high capacity utilization levels. The overall road fuel demand remains depressed by the…
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