The China Beige Book, a private survey of Chinese businesses, said in an early brief of third-quarter data that companies are stockpiling commodities without using them.
Companies in the commodities industry saw a drop in revenue, profits and other lines of business.
The China Beige Book also found that Chinese companies are still borrowing, despite national efforts to cut back on loans.
For the sixth quarter in a row, coal, aluminum, steel, and copper each saw capacity rise on net"
MS has a negative price forecasts on aluminum, copper, iron ore and steel.
Source: CNBC
https://www.cnbc.com/2017/09/26/china-s ... KW,111KA,1