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Links to previous press releases are below.

News Dry Cargo Steel

Japanese Steel Trade Declines in May

Overall Japanese iron and steel product exports fell by 0.5 Mt year-on-year to 2.5 Mt in May, according to data gathered by the Japan Iron and Steel Federation, the weakest since February 2019. Shipments...

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News Dry Cargo Iron Ore,Steel

Chinese Port Iron Ore Stocks Edge Higher

Iron ore inventories at 42 surveyed Chinese ports rose by 1.2 Mt in the week to 26 June to 107.1 Mt, the highest since 22 May, according to U-Metal. However, stockpiles remained below an average 119.1...

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News Dry Cargo Iron Ore

Chinese Iron Ore Imports by Source

The 3.3 Mt year-on-year rise in Chinese iron ore imports in May to 87.0 Mt featured a rise in shipments from Australia (+2.5 Mt to 59.1 Mt) and India (+1.9 Mt to 4.0 Mt), according to the latest government...

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News Dry Cargo Economy

US Economy Drops in the 1Q20

US GDP contracted by 5.0% year-on-year in the 1q20, the steepest fall since 2008, data from the US Department of Commerce reveal. This coincided with the release of the IMF’s World Economic Update,...

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News Oil

Nigerian crude oil exports set to decline in August

Exports of Nigeria’s four main grades of crude oil are expected to decrease by 25K b/d m-o-m to 743K b/d during August, according to Reuters reporting on preliminary loading programmes. Exports of the...

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News Oil

US commercial crude stocks continue to grow to record highs

US commercial crude oil inventories grew by 1.4M bbls w-o-w to 540.7M bbls during the week ending June 19, as stocks grew to fresh record highs for the third consecutive week, according to the US Energy...

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News Dry Cargo Steel

US Steel Imports Drop in May

US steel imports fell for the tenth consecutive month in May, down 0.3 Mt year-on-year to 1.6 Mt, provisional Census Bureau data show. At 9.9 Mt, imports in the first five months of the year dropped 2.4 Mt on the corresponding period in 2019. 

News Oil

Kuwait and Saudi Arabia to resume production from Neutral Zone oil fields

Kuwait and Saudi Arabia are set to resume oil production from the jointly operated Khafji and Wafra oilfields from July 1, after production was paused from the start of June in order to comply with...

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