From the details of the trade balance data out of China for October:
- China imported 80.8mln tonnes of iron ore in October
- Lowest since February
- Down 13% on September
- On a y/y basis iron imports up 7%
Iron ore is a hug export from Australia to China, so this should weigh on AUD
China trade data - China imported lowest volume of iron ore since February
China trade data - China imported lowest volume of iron ore since February
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