China’s bulk commodity market reported growth expansion in April, industrial data shows. The China Bulk Merchandise Index, a gauge of the domestic bulk commodity market’s growth, stood above the boom-or-bust line of 100 percent at 103.3 percent last month, according to the China Federation of...
https://www.hellenicshippingnews.com/chinas-bulk-commodity-market-reports-growth-expansion/
The Baltic exchange’s main sea freight index rose on Monday, buoyed by an uptick in rates for all vessel segments. The Baltic dry index .BADI , which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose by 57 points, or nearly 1.8%, to 3,240. The capesize...
https://www.hellenicshippingnews.com/baltic-index-gains-on-higher-rates-across-vessels/
Depending on your viewpoint, China’s imports of major commodities in April were either a sign of the ongoing strength as the world’s second-largest economy continues its post-pandemic recovery – or early evidence of moderating demand. It all comes down to what basis of comparison is selected: the...
https://www.hellenicshippingnews.com/chinas-commodity-imports-present-increasingly-mixed-picture/
China’s soybean imports in April rose 11% from the same month a year earlier, boosted by the arrival of some delayed Brazilian cargoes, customs data showed on Friday. China, the world’s top importer of soybeans, brought in 7.45 million tonnes of the oilseed in April, up from 6.714 million tonnes a...
Iron ore exports from Australia and Brazil are always lower in the January-March quarter due to weather factors, but they were particularly weak in 2021 — and that tepid performance was compounded by a further decline in April. Australia’s Fortescue Metals Group shipped the same volume in calendar...
Capesize The Capesize market has been trading strongly at lofty levels this past week. The 5TC opened the week at $40,608, peaked at $44,817 mid-week before finally retracing to take a breather at $41,514. The market has been hiking higher since the beginning of April to reach levels not seen in...
https://www.hellenicshippingnews.com/dry-bulk-capesize-market-going-on-strongly/
China’s iron ore imports fell 3.5% in April from a month earlier, official customs data showed on Friday, as shipments to the world’s top iron ore consumer from major suppliers were disrupted by inclement weather. Arrival volumes of the steelmaking ingredient stood at 98.57 million tonnes last...
https://www.hellenicshippingnews.com/china-iron-ore-imports-dip-in-april-on-shipping-disruptions/
Global steel demand is expected to grow by 5.8% this year, and by a further 2.7% next year, more than offsetting the 0.2% decline in demand in 2020. In real terms this means an extra 102 million tonnes will be needed this year, with a further 50.6 million tonnes anticipated in 2022, according to...
https://www.hellenicshippingnews.com/steel-demand-bouncing-back/
China’s imports of major commodities mostly rose in April from a year ago, data from the General Administration of Customs showed on Tuesday, as the world’s second-biggest economy continued its post-COVID-19 gains. China’s overall imports rose 43.1% from a year earlier, the fastest gain since...
https://www.hellenicshippingnews.com/china-commodity-imports-rise-in-april-on-year/
China’s decision to suspend trade activities under a strategic economic dialogue with Australia is unlikely to affect Australian wheat exports in the 2020-21 marketing year, as most of the supplies expected during the season have been already booked or sailed, sources said. China on May 6 said it was indefinitely suspending all activities under the …
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