IRON ORE & STEEL
DRY BULK MARKET: WEAKER CHINESE DEMAND DAMPENS BRAZIL’S IRON ORE EXPORTS
Source: Hellenic Shipping News – June 25th
China’s slowdown has had a negative impact in Brazil’s iron ore exports. In its latest weekly report, shipbroker Banchero Costa said that “global iron ore loadings in the full 12 months of 2021 were up +0.7% y-o-y to 1,555.3 mln t, according to vessels tracking data from Refinitiv. This was marginally higher than the 1,526.0 mln tonnes in the 12 months of 2019, a year which was affected by the Brumadinho dam disaster. It was however still slightly below the all time record 1,557.3 mln tonnes in the 12 months of 2018….FULL STORY
IRON ORE FALLS AT END OF BUMPY QUARTER ON CHINA DEMAND WOES
Source: Hellenic Shipping News – July 1st
Dalian and Singapore iron ore futures fell on Thursday and were on track to post quarterly losses due to persistent demand worries for the steel-making ingredient in top steel producer China. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange ended daytime trade 2.2% lower at 791 yuan a tonne after four straight sessions of gains, stretching its quarterly loss to more than 10%.…FULL STORY
CHINA EXTENDS ANTI-DUMPING TARIFFS ON EU, UK STEEL FASTENERS IMPORTS
Source: Hellenic Shipping News – June 29th
China’s commerce ministry said on Tuesday it would extend anti-dumping tariffs on certain steel fasteners imported from the European Union and United Kingdom for five years….FULL STORY
CHINA MULLS SETTING UP IRON ORE GROUP TO GAIN BARGAINING POWER: SOURCES
Source: Hellenic Shipping News – June 27th
China is looking to set up an iron ore purchasing group by the end of 2022 and build distribution centers at ports, as domestic industry players seek more bargaining power in iron ore trade negotiations and supply security, industry sources said June 24….FULL STORY
CHINA’S STEEL MILL OWNERS ARE IN A BAD MOOD AS DEMAND TAKES A HIT
Source: CNBC – June 24th
Steel mill owners in parts of China are in a bad mood, Beijing-based commodities consultant Simon Wu said.Steel inventories are slowly piling up in the warehouses of the country’s biggest steelmaking hub, the northeastern city of Tangshan, as well as in the provinces of Jiangsu and Shandong, mill owners told Wu, a senior consultant at Wood Mackenzie…FULL STORY
CHINA’S MANUFACTURING RECOVERY PACE REMAINS WEAK, UNDERMINING STEEL DEMAND
Source: Energy Bulletin – June 21st
Highlights May manufacturing production index lower on year Steel demand in vehicle industry continues improving in June Demand from home appliance, construction sectors remains poor China’s manufacturing production index for steel consumption produced by S&P Global Commodity Insights stood at 110 points in May, 9 points higher than in April but still down 5 points from the same period of 2021. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Despite further improvement seen in China’s manufacturing activity in June as it contained a pandemic resurgence, the strength of the recovery has remained sluggish, leading to the recent sharp drop in steel prices, industry sources said….FULL STORY
GLOBAL STAINLESS STEEL OUTPUT TO GROW BY 4% IN 2022
Source: Hellenic Shipping News – June 1st
MEPS forecasts that global crude stainless steel production will reach 58.6 million tonnes, this year. The growth is likely to be driven by mills based in China, Indonesia and India. Melting activity in East Asia and the West is expected to remain rangebound…FULL STORY
COPPER STEADY ON HOPES OF DEMAND BOOST FROM CHINA
Source: Hellenic Shipping News – June 1st
Copper prices touched their highest in over three weeks on Tuesday on hopes that lifting China’s lockdown restrictions will boost demand, but a stronger dollar chipped away at the gains.
Three-month copper on the London Metal Exchange CMCU3 was little changed at $9,540 a tonne by 1037 GMT, after earlier hitting its highest since May 5 at $9,591.50.…..FULL STORY
COAL
CHINA’S LOCKDOWNS AND HEAVY RAINS EASE COAL SHORTAGE
Source: Hellenic Shipping News – June 23rd
China’s electricity generation experienced rare declines in April and May compared with the same months a year earlier as lockdowns imposed to stop the spread of the coronavirus curbed consumption…FULL STORY
CHINA’S MAY COAL IMPORTS FROM RUSSIA JUMP 51% FROM APRIL
Source: Hellenic Shipping News – June 21st
China’s thermal coal imports from Russia jumped 51% in May from the prior month, as buyers snapped up the attractively priced fuel ahead of anticipated strong demand in summer.
The world’s biggest coal consumer brought in 3.3 million tonnes of thermal coal from Russia last month, up from April’s 2.19 million tonnes, data from the General Administration of Customs showed on Monday…..FULL STORY
CHINA COAL INDUSTRY GROUPS CALL FOR STABLE SUPPLY OVER SUMMER – STATE MEDIA
Source: Hellenic Shipping News – June 27th
Two Chinese coal industry associations called on coal enterprises to increase production, make emergency supply guarantee plans, and “make every effort to ensure the safe and stable supply of coal” this summer, state media outlet Securities Times reported..FULL STORY
CHINA CONTINUES TO SNAP UP RUSSIAN COAL AT STEEP DISCOUNTS
SSource: CNBC – June 30th
Russia’s coal shipments to China have been rising even though overall shipments to China have declined, new data from S&P Global Market Intelligence showed.
Russian seaborne coal deliveries to China surged 55% to 6.2 million tonnes in the first 28 days of June compared to the same period last year, S&P’s Commodities at Sea database showed. In May, Russian seaborne supply to China also rose by 20% year-on-year to 5.5 million tonnes….FULL STORY
CHINA’S COAL OUTPUT UP 10.3 PCT IN MAY
Source: Xin Hua – June 20th
China’s raw coal output sustained steady growth in May as policy measures to ensure energy supply and stabilize prices have taken effect, official data showed.
The output rose 10.3 percent year on year to 370 million tonnes last month, according to the National Bureau of Statistics…FULL STORY
SOYBEAN
CHINA’S SOYBEAN IMPORTS FROM BRAZIL FALL IN MAY, U.S. SHIPMENTS JUMP
Source: Hellenic Shipping News -June 21st
China’s soybean imports from Brazil fell in May while shipments from the United States rose sharply, customs data showed on Monday, as high prices curbed demand for South American cargoes.The world’s top soybean buyer imported 7.79 million tonnes of the oilseed from Brazil in May, down from 9.23 million tonnes a year earlier, data from the General Administration of Customs showed…..FULL STORY
CHINA’S BUYING SO MUCH CORN THAT ITS PORTS ARE GETTING CLOGGED
Source: Energy Bulletin – June 11th
China’s embarked on a record corn-buying spree this year and some vessels have been delayed for as long as a month outside southern ports because of congestion, incurring hefty demurrage fees. At least two ships laden with U.S. corn had been waiting for weeks before eventually moving to berth on Thursday, according to Bloomberg vessel-tracking data. The Priscilla carrying 71,400 tons was anchored off Zhanjiang port in Guangdong province since May 11 and the Krini, with 75,100 tons, was waiting since May 16 near Huangpu port in the same province…FULL STORY
GLOBAL GRAIN WOES GROW, BUT IMPACT ON CHINA MAY BE LIMITED
Source: China Daily – June 20th
Since the beginning of the year, global grain prices have been at high levels, leading to a rise in the domestic grain CPI (consumer price index) of 2.7 percent year-on-year, a record not seen since 2016. It is a result not much beyond expectations after the conflict between Russia and Ukraine broke out, as the two counties are major suppliers of wheat and corn…..FULL STORY
CHINESE SOYMEAL PLUNGES 6% FOR BIGGEST DROP IN NEARLY 10 YEARS
Sources: Hellenic Shipping News – June 24th
China’s soybean meal and soyoil futures plunged on Thursday, catching up with fall in the overseas markets.
The most active soybean meal futures on the Dalian Commodity Exchange fell 5.5% to 3,891 yuan ($580.59) a tonne DSMcv1 in their biggest decline since February 2013….FULL STORY
ENERGY
CHINA’S MAY GASOLINE EXPORTS PLUNGE, LNG IMPORTS SLIDE
Source: Energy Bulletin – June 18th
China’s May gasoline exports fell 45.5% from a year earlier and diesel exports plunged 92.7% despite stalling domestic demand, as companies ran short of export quotas, Chinese customs data showed on Saturday. China exported 840,000 tonnes of gasoline last month, data from the General Administration of Customs showed, down from 1.55 million tonnes in May 2021 and 980,000 tonnes in April.l..FULL STORY
CHINA DATA: MAY LPG IMPORTS RISE 7% ON MONTH AMID REBOUND IN BUTANE DEMAND
Source: Energy Bulletin – June 21st
China imported 2.12 million mt of LPG, comprising both propane and butane, in May, up 7.1% month on month, mainly supported by a strong rebound in butane imports due to a demand recovery, data from the General Administration of Customs showed June 21. Receive daily email alerts, subscriber notes & personalize your experience. Register Now China imported 532,531 mt of butane in May, up significantly by 55.8% from 341,900 mt in April, the customs data showed. ..FULL STORY
CHINA MAY OIL IMPORTS FROM RUSSIA SOAR TO A RECORD, SURPASS TOP SUPPLIER SAUDI
Source: Energy Bulletin – June 21st
Russia overtakes Saudi as top supplier after 19-month gap Russian imports nearly 2 mln bpd in May Imports from Malaysia more than doubled in May yr/yr Customs reports 3rd Iranian shipment since last Dec SINGAPORE, June 20 (Reuters) – China’s crude oil imports from Russia soared 55% from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners cashed in on discounted supplies amid sanctions on Moscow over its invasion of Ukraine.…FULL STORY
PETROCHINA MAY SELL AUSTRALIAN, CANADIAN ASSETS TO STEM LOSSES – SOURCES
Source: Hellenic Shipping News – June 29th
PetroChina may sell out from natural gas projects in Australia and oil sands in Canada to stem losses and divert funds to more lucrative sites in the Middle East, Africa and central Asia, two people with knowledge of the matter said…FULL STORY
AUTOMATED TERMINAL ENTERS SERVICE AT BEIBU GULF PORT
Source: China Daily – June 30th
The Qinzhou terminal at Beibu Gulf Port in the Guangxi Zhuang autonomous region began full operations on Tuesday, becoming China’s first sea-rail intermodal automated container facility.
The rear of the dock yard is adjacent to the central railway station to complete the sea-rail system. It relies on information exchanges and sharing between sea and railway transport systems and improves the integrated service capacity of combined modes of shipping..FULL STORY
CHINA CONTINUES BREAKNECK PURSUIT OF OFFSHORE WIND POWER
Source: China Daily – June 30th
China will make deeper explorations into offshore wind power after the country made breakthroughs in improving its capacity in its delivery and installation sectors.
The Wudongde Vessel and Baihetan platform represent recent breakthroughs in which China Three Gorges Corp led joint construction with other domestic constructors like China State Shipbuilding Corporation…..FULL STORY
GANYU LNG TERMINAL IN JIANGSU EYES 2026 START
Source: China Daily – June 11th
The Ganyu liquefied natural gas terminal in Jiangsu province is expected to start operations by 2026 with a maximum annual production capacity of 6 million metric tons, according to China Huadian Corp, whose subsidiary is a co-owner of the project…FULL STORY