Links to previous press releases are below.
Chinese Iron Ore Stockpiles Edge Higher
Iron ore inventories at 42 Chinese ports surveyed by U-Metal gained for a second consecutive week, rising 0.5 Mt in the seven days to 4 September to 113.4 Mt. Stockpiles remained below year-ago levels, with 119.7 Mt held in early September 2019.
China’s crude oil imports decreased by 900K b/d (or 7%) m-o-m to 11.23M b/d in August, falling for the second month in a row since hitting a record high in June, according to China customs data. This...Read More
CISA Crude Steel Output Holds Steady
China Iron and Steel Association (CISA) member mills’ crude steel production held steady at 2.16 Mt/day over 21-31 August compared with the previous ten-day period, industry data show.
According to Oman’s oil minister Mohammed bin Hamed al-Rumhy, the commissioning of the 230K b/d Duqm crude oil refinery is now expected to take place earlier than previously anticipated, Argus reports....Read More
Australian iron ore exports rose 3.3 Mt year-on-year to 76.1 Mt (wet basis) in July, according to data from the Australian Bureau of Statistics (ABS). Shipments eased from a record 85.2 Mt in June,...Read More
US crude oil imports plummeted by 1M b/d w-o-w and 2M b/d y-o-y to 4.9M b/d during the week ending August 28, falling to the lowest level since 1991, according to the US Energy Information Administration...Read More