Oct
20
[AUST DATA PREVIEW] Trade
By[AUST DATA PREVIEW] Trade prices surged over Q2; driven by a lofty
rise in contracted prices for key bulk commodity exports. Export prices
leapt by 16.1% over the qtr to be up 7.1% y/y whilst higher crude
materials led to import prices gaining by 1.9% q/q to be down a reduced
5.6% y/y. Into Q3; the movements are set to be less dramatic, with a shift
towards qtrly rather than annual pricing for iron ore & coal. Exports are
forecast to rose by a smaller 5% q/q & imports to ease 0.3% q/q. Data due
Oct 22nd 00.30GMT
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