China’s export rebate withdrawal augurs well for Indian steel exporters: ICRA

Withdrawal of export rebates by China augurs well for Indian steel exporters and will also support buoyancy in international steel prices, ratings agency ICRA said on Friday. China’s steel exports have been on an uptrend in the current year and grew sharply by 24 per cent YoY in Q1 CY2021, partly...

https://www.hellenicshippingnews.com/chinas-export-rebate-withdrawal-augurs-well-for-indian-steel-exporters-icra/

China’s April soybean imports jump 11% on year as delayed cargoes arrive

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...

https://www.hellenicshippingnews.com/chinas-april-soybean-imports-jump-11-on-year-as-delayed-cargoes-arrive/

Iron ore export volumes unlikely to increase in 2021, keeping prices bullish: Platts Analytics

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...

https://www.hellenicshippingnews.com/iron-ore-export-volumes-unlikely-to-increase-in-2021-keeping-prices-bullish-platts-analytics/

China April copper imports fall 12.2% on month as high prices deter purchases

China’s copper imports in April fell from the previous month, customs data showed on Friday, as a rally in prices for the metal to the highest levels in a decade made purchases less appealing. Arrivals of unwrought copper and products into China, the world’s biggest copper consumer, totalled...

https://www.hellenicshippingnews.com/china-april-copper-imports-fall-12-2-on-month-as-high-prices-deter-purchases/

India offers to lift regular Saudi oil volumes in June after May cuts: sources

Indian state refiners placed orders for regular supplies from Saudi Aramco for June, after reducing purchases this month, drawn by lower prices by the world’s top oil exporter, four sources said. The refiners – Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd – normally buy 14.8 million-15 million …

The post India offers to lift regular Saudi oil volumes in June after May cuts: sources first appeared on Hellenic Shipping News Worldwide

https://www.hellenicshippingnews.com/india-offers-to-lift-regular-saudi-oil-volumes-in-june-after-may-cuts-sources/

S Korea may seek more naphtha as polypropylene, medical device needs surge

South Korea’s major petrochemical makers have stepped up efforts to boost production of polypropylene as base material demand for medical device manufacturing surged following the rollout of vaccination programs across Asia, opening the door for the country to import more petrochemical feedstock naphtha. South Korea’s demand for polypropylene and polyethylene, which are essential for making …

The post S Korea may seek more naphtha as polypropylene, medical device needs surge first appeared on Hel...

https://www.hellenicshippingnews.com/s-korea-may-seek-more-naphtha-as-polypropylene-medical-device-needs-surge/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.