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China’s 1h13 iron ore imports by source

PostTime:2013-07-25 08:26:00 View:6549

During the first half of 2013 iron ore imports declined year-on-year into China from India (-22.3 Mt to a mere 5.5 Mt) and Brazil (-6.5 Mt to 70.5 Mt). Imports from Brazil in June totalled 8.1 Mt representing a two year low. However, a breakdown of imports by source shows significant gains from Australia (+26.7 Mt to 192.5 Mt), Iran (+3 Mt to 11.6 Mt) and West Africa (+4.3 Mt to a combined 10.4 Mt) compared to the first six months of last year. Sierra Leone contributed 4.8 Mt to the West African year-to-date total, up from 1.6 Mt in January-June 2012.

China’s coal imports by source

PostTime:2013-07-25 08:23:39 View:7256

China’s coal imports in June fell to an 8-month low of 22.3 Mt (including lignite), according to customs trade statistics. This took total imports in the 1h13 to 158.6 Mt, up 18.6 Mt year-on-year. A breakdown of 1h13 imports into China by source shows annual increases for coal shipments from Australia (+ 12.2 Mt to 38.4 Mt), Indonesia (+6.7 Mt to 64.4 Mt) and Russia (+1.5 Mt to 9.3 Mt). Meanwhile, combined long haul imports from the US (4.8 Mt) and Canada (6.0 Mt) during the 1h13 also grew 2.0 Mt year-on-year, while shipments from South Africa slipped by 1.2 Mt to 5.8 Mt and imports from Colombia in the Jan-Jun period were only 0.2 Mt compared with 0.7 Mt in the corresponding period in 2012. 23/07/2013  

Japanese iron ore and coal imports

PostTime:2013-07-25 08:22:50 View:34038

Japanese iron ore imports in June retreated by 21% from their recent 55-month high in May to 10.4 Mt, according to the country’s Ministry of Finance. This took total imports in the 1h13 to 66.5 Mt, which compared with 65.2 Mt in the corresponding period in 2012. By contrast, the country’s coal imports in June rose to a 9-month high of 16.0 Mt, taking total imports in the 1h13 to 91.8 Mt, up 3% from the year-ago level.  

World steel price rises

PostTime:2013-07-25 08:22:01 View:10018

According to the latest SteelBenchmarker published by World Steel Dynamics, the world export price of hot rolled band rose for the first time since end-February, up by $12/t from two weeks ago to $546/t. However, the world HRB price was still down $42/t year-on-year. HRB steel prices in the US rose for a third consecutive month to $702/t, the highest level since December 2012, while HRB prices in the China reached a 2-month high of $492/t. Prices in the EU continued their downward trend falling to $588/t, representing an 11-month low.

EU steel consumption

PostTime:2013-07-22 17:14:03 View:9922

According to the European Steel Association (Eurofer), apparent steel consumption in the EU fell by 7.3% year-on-year in the 1q13. Although Eurofer expect modest positive growth to resume in the 4q13, this will not prevent this year’s annual total of 137 Mt from being down 3% on 2012. For 2014, the Association are predicting that EU apparent steel consumption will edge up to 140 Mt implying another weak year for European iron ore imports. Consumption is forecast to drop by 3.1% this year before rising 1.8% in 2014.

Xiamen July container volume increases 10.5pc to 630,000 TEU in July

PostTime:2012-08-27 12:24:17 View:3014

XIAMEN, the largest port in southeast China's Fujian province across the straits from Taiwan, saw its container throughput climb 10.5 per cent year on year to 630,000 TEU in July. Domestic cargo grew 21.5 per cent to 140,000 TEU, according to Xinhua. In the same month, the port's throughput grew 13.7 per cent to 15.39 million tonnes. 49.11 million tonnes were foreign trade cargo, up 7.4 per cent. The report said Xiamen has successfully reversed the slow down in container growth, thanks to its effort in attracting domestic trade cargo in a time when foreign trade market is gloomy.

Fujian provincial port cargo volume sets record as it rises 11.9pc in July

PostTime:2012-08-24 09:40:36 View:2871

SEAPORTS in south eastern Fujian province handled 36.84 million tonnes of freight in July, growing 11.9 per cent year on year to a new monthly high this year, rising 6.3 per cent over June's throughput. Container throughput of these ports climbed 10.5 per cent to 942,500 TEU. Domestic trade cargo increased 15.8 per cent to 22.15 million tonnes. From January to July, collective throughput tonnage of these ports increased nine per cent year on year to 229 million tonnes. Container throughput grew 10.4 per cent to 5.82 million tonnes. Foreign trade cargo went 11.3 per cent up to 93.65 million tonnes.

Fujian's seven-month box throughput grows 9.9pc to 5.79 million TEU

PostTime:2012-08-22 09:26:56 View:2926

FUJIAN seaports lifted a total of 5.79 million TEU from January to July, 9.9 per cent more than in the same period a year ago, Xinhua reports. Xiamen, the province's largest port, lifted 3.83 million TEU, up 11.4 per cent. Fuzhou, second to the largest, lifted 1.01 million TEU, up 8.6 per cent. In terms of tonnage, Xiamen handled 95.23 million tonnes, up 6.1 per cent. Fuzhou's tonnage increased 9.3 per cent to 61.08 million tonnes. Collective tonnage of the province's sea ports grew 8.2 per cent to 228 million tonnes.

Shanghai customs posts biggest export decline in two and a half years

PostTime:2012-08-21 10:22:41 View:2863

SHANGHAI customs' recorded a year-on-year decline of 8.6 per cent in peak season of July in export volume to US$43.78 billion, which was the largest annual decrease since November 2009, reports Xinhua. The fall was caused by the European market depression. During the first seven months, Shanghai customs' trade cargo to and from Europe dropped 4.2 per cent to $96.73 billion. Exports shrank 10.6 per cent to $54.75 billion, but imports grew 5.7 per cent to $41.98 billion. In July, Shanghai's US trade cargo valued $15.13 billion, down 12.6 per cent. European trade fell 2.8 per cent to $12.38 billion. Electrical and mechanical product exports shrank. From January to July, automatic data processor exports dropped three per cent to $32.36 billion. Integrated circuits fell 5.6 per cent to $8.07 billion. Solar cell exports declined 40.8 per cent to $4.47 billion. Ships decreased 13.9 per cent to $3.35 billion. But cell phone exports increased 24.9 per cent to $4.1 billion. Labour-intensive product export also fell. Garments declined 4.6 per cent to $29.57 billion. Textiles dropped 3.1 per cent to $20.97 billion. Bags and cases fell 0.6 per cent to $2.58 billion. In contrast, Shanghai's consumer product kept a fast increase in the seven months. Automobile grew 20.6 per cent to $9.7 billion. Pharmaceuticals jumped 34.9 per cent to $4.1 billion. Garment exports increased 25.5 per cent to $1.41 billion. From January to July, Shanghai recorded a collective trade value of $462.69 billon, up 1.2 per cent, taking up 21.3 per cent of China's total, still the largest customs consignment volume in China for international trade. Export value increased by only 0.7 per cent to $282.18 billion. Imports grew 2.2 per cent to $180.51 billion. Wang Chengming, an expert from the Shanghai customs pointed out that since the beginning of this year Shanghai's growth had fallen behind the national average, which is rare. Traders in China need to be prepared for harder hit from the downturn, he said.

Transport Ministry: China leads world in container shipping throughput

PostTime:2012-08-14 12:16:21 View:3207

THE latest 2011 shipping statistics from China's Transport Ministry shows national container throughput of 164 million TEU and an overall cargo volume of more than 10 billion tonnes which makes the country tops in global shipping, Xinhua reports. China's waterway cargo traffic climbed 12 per cent to 4.2 billion tonnes, taking up 11.5 per cent of the country's total cargo transportation volume. China's port throughput increased 12.4 per cent to 10.04 billion tonnes. Foreign trade cargo climbed 11.4 per cent to 2.79 billion tonnes. Container throughput increased 12 per cent to 164 million tonnes. On the list of the world's top 20 container ports, eight were from China. Last year, China had 31,968 berths in operation, 334 more than in 2010, 1,762 berths of 10,000-tonne capacity or more, and 101 more of this grade than in the year before. China's vessel fleet increased 0.5 per cent to 179,200 vessels, while capacity increased 17.9 per cent to 212.64 million dead weight tonnes. Ocean shipping fleet capacity rose to the fourth of the world with 115 million tonnes.

Container data highlights China trade slowdown

PostTime:2012-08-14 12:12:56 View:2770

The figures from the UK-based consultancy Container Trade Statistics shed shipping-specific light on the China trade data that appeared last week, which showed that while Chinese exports are still rising, the rate of growth has plunged. China's exports in July were up 1% from a year earlier and the contrast with the 11.3% growth seen in June is readily apparent. Meanwhile, imports rose 4.7% compared with 6.3% in June, which is a pointer to declining growth in domestic demand, with data on retail sales offering further confirmation on this point. The performance was dramatically weaker than expected, marking the worst figures since November 2009, and was unveiled just a day after China reported that growth in industrial output fell to a three-year low in July. According to Container Trade Statistics, the east China exported 1.48 million teu to Europe from January to June this year, compared to 1.44 million teu in the same period in 2011. The figures for southern China are 940,000 teu for 2012 and 935,000 teu for 2011 and for northern China, 588,000 teu compared to 568,000 teu for the previous year. But separate figures for the western Mediterranean highlight the very real impact of the eurozone crisis, with a fall from 104,000 teu in the first six months last year to 95,000 in the first six months of this year. Container Trade Statistics managing director Rod Riseborough said: "There is obviously a major decline in the western Mediterranean and I would suspect it is closely aligned to the euro issue." The situation has prompted speculation of further measures from Beijing to boost growth. The central bank has already cut key interest rates twice since the start of June and reduced reserve ratios in a bid to boost lending. But for Shayne Heffernan, founder of Thailand-based Heffernan Capital Management, the Chinese government cannot properly be depicted as the master of its own fate. "Everybody is expecting China stimulus but for me the real question is: even if that stimulus comes, what will it do? Exports to Europe and the US are slowing and everyone is of the opinion that Europe's problems are not solved." Debt levels in Greece and Spain remain critical, Mr Heffernan believes, and there is a continued refusal to address the issues that created the underlying problems in the first place. European businesses are not investing and consumers are not spending, and that can only have a detrimental impact on China's export efforts. The risk of obvious moves such as relaxing credit or allowing currency depreciation is that this will simply generate internal inflation rather than have the desired effect, he said. Another potential consequence is new unemployment and social unrest as the ruling Communist Party attempts to hand power over to a new generation of leaders.  

Trade growth sees sharp slowdown

PostTime:2012-08-13 11:33:43 View:2483

CHINA'S trade growth slowed sharply to a six-month low in July as foreign demand dwindled, making the prospect of economic recovery in the second half more unlikely. Exports edged up just 1 percent from a year earlier to US$176.9 billion in July, weakening sharply from June's 11.3 percent growth, the General Administration of Customs said yesterday. Imports grew 4.7 percent to US$151.8 billion last month, compared to the increase of 6.3 percent a month earlier. That left a trade surplus of US$25.1 billion in July, compared with June's US$31.7 billion. "The sudden deterioration in trade is worse than our worst expectation," said Xue Jun, an analyst at CITIC Securities Co. "It is a strong signal of weak external demand, and the Chinese authorities should consider more easing efforts to stabilize the growth." Analysts had expected single-digit growth in both exports and imports, but hardly anyone had forecast such a small growth in exports. "The poor global environment will continue to be a drag on China's trade," said Tang Jianwei, an analyst at Bank of Communications. "If the government still targets 10 percent annual trade growth, the figure clearly heightens the downside risk." Vice Commerce Minister Gao Hucheng said yesterday China would be able to fulfill the target, although the country may face greater pressure in the second half. In the first seven months, China's trade grew 7.1 percent year on year to US$2.16 trillion. Data released on Thursday by the National Bureau of Statistics also showed growth less than expected in a batch of key indicators. Together with the disappointing trade figure, economists were less confident about a modest recovery in the second half of this year. "China's economy is still ailing," said Liu Ligang, an economist at Australia & New Zealand Banking Group Ltd. "If the current pace continues, third-quarter growth could be lower than our projection of 8 percent." China's gross domestic product expanded 7.6 percent year on year in the second quarter, the slowest pace in three years. It prompted the central bank to reduce interest rates twice in the past two months, and China to emphasize investment again for a quicker rebound. Economists suggested an immediate cut in the reserve requirement ratio to boost liquidity in the banking system. But Li Jian, a researcher at the Chinese Academy of International Trade and Economic Cooperation, said panic among exporters should not become a reason for China to roll out supportive measures such as more tax rebates for traders. "Exporters should not have illusions that they can survive with the help of the government," Li said. "Instead, they should focus on improving and upgrading their products to make them really competitive on the global market." Li said that even if China missed the 10 percent trade growth target for this year, the country should still insist on economic restructuring. In the first seven months, bilateral trade between China and the European Union fell 0.9 percent from a year earlier to US$315.7 billion. In comparison, deals with the United States jumped 10.5 percent to US$271.4 billion. Shanghai's trade rose 2 percent on an annual basis to US$252.7 billion in the first seven months of the year.