Revaluation may up China imports

China's revaluation of the yuan may mean that consumption and import of raw materials, like copper, soybeans and steel, will increase, state media reported, noting dollar-priced commodities will be cheaper to import. China is the world's biggest consumer of steel, soybeans and copper. Sinopec and Jiangxi Copper are among the companies that will reap the benefits of lower import costs. After Japan, China is the biggest nickel importer and it is the biggest oil consumer after the US.