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...
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...
South Korea’s Feed Leaders Committee (FLC) on Friday purchased about 60,000 tonnes of animal feed wheat expected to be sourced from the Black Sea region in a private deal without issuing an international tender, European traders said on Monday. The wheat was purchased at an estimated $329.90 a...
https://www.hellenicshippingnews.com/south-koreas-flc-bought-60000-feed-wheat-trade/
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...
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 …
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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...
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/
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/
Indian edible oil refiners are curtailing palm oil imports for May and June as most states have imposed curbs on hotels and restaurants to arrest rising coronavirus infections, denting institutional demand, industry officials said. Lower imports by India, the world’s biggest buyer of the edible...