China has imported more than a billion tonnes of iron ore over the year to October (imagine that!) - with just shy of 400 million tonnes of it from Port Hedland in the Pilbara - while restrictions imposed upon coal production have led to an improbably acute supply shortage.
If there's one thing we know about China, it's that when something becomes a trend, it really becomes a trend...
A slew of news out this morning, including Housing Finance, and Overseas Arrivals & Departures, both for the month of September.
And futures suggest stocks are off to an absolute flyer today. No dull moments here!