Chinese commodity producers struggling with excess output and hurt by sinking prices looked abroad at a record rate last month to find markets for products including aluminum, refined fuels and steel, data showed on Tuesday. China’s refineries shipped a record amount of fuel products, aluminum processors sold their second-highest tonnage of product and steelmakers increased exports by 22 percent to 102 million tonnes in the January-November period, setting a new record, according to preliminary customs data. [CN/TRADE] The numbers will likely increase concerns that the world’s No. 2 economy is exporting its excess output onto a saturated global market, accelerating the rout in prices. “We think it’s a longer term dynamic playing out: China exporting its surplus to the Western world,” said Daniel Hynes, analyst at ANZ, referring to the 15 percent surge in […]