RoW Short of Mo While China's Surplus Builds
{"Image DocumentName": "RoW Short of Mo While China\u2019s Surplus Builds", "Image ImageDescription": "Implied Market Balances. Annual, 2000 \u2013 2010e. I Context- Two reasons this is not as bearish as you\u2019d expect. Chinese mkt balance. II Export/mining policies by Chinese government to keep Mo safeguarded (holdings sticky) Meanwhile, until last year the western world has been theoretically short Mo since III RoW theoretically short of Mo over the past few years. Note: Chinese Market Balance = Domestic Supply \u2013 Net Exports \u2013 Domestic Fabrication Demand. Source: CPM Group, Raw Materials, MEG, WBMS, CNIA, Company Reports , Industry Sources.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}