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China Takes Advantage of Low Prices by Stockpiling Commodities
May 04, 2020
Crude isn’t the only commodity that China is stockpiling. It also plans to store 10 million tons of soybeans, 20 million tons of corn, and 1 million tons of cotton.
Figure 1: China’s Oil Storage in Tanks w/Floating Roofs
May 04, 2020
Crude isn’t the only commodity that China is stockpiling. It also plans to store 10 million tons of soybeans, 20 million tons of corn, and 1 million tons of cotton.
Figure 1: China’s Oil Storage in Tanks w/Floating Roofs
Source: Orbital Insight