China, the world's largest importer of natural resources, is undergoing a shift in its commodity demand patterns, displaying increased price sensitivity and a willingness to influence prices. This shift is evident in its crude oil imports, which peaked in August but tapered off after global oil prices rallied. The country's ability to influence commodity prices varies, with iron ore facing challenges due to concentrated supply, while opportunistic buying is observed in copper and thermal coal. The overall trend indicates that China remains a dominant buyer but is now more mindful of pricing dynamics in commodity markets.

SOURCE:GOOGLE