Links to previous press releases are below.
Port Hedland Iron Ore Exports Decline in January
Australia’s Port Hedland shipped 40.5 Mt of iron ore last month, falling by 1.3 Mt on the year and down from 47.4 Mt in December 2019, port authority data show.
Exports to China fell by 1.2...
Read MoreUS Coal Exports Decline in 2019
US coal exports (excluding cargoes to Canada) totalled 79.5 Mt in 2019, falling by 20.1 Mt on the year and reversing a trend of annual rises in 2017-18, according to the National Mining Association.
Coking...
Read MoreAustralian Iron Ore Exports Rise in December
Australian iron ore (wet basis) exports gained by 2.6 Mt on the year to 82.1 Mt in December, a two-year high, according to the Australian Bureau of Statistics. A strong performance in the final month...
Read MoreChina Halves Tariffs on Some US Imports
China will adjust tariffs on some imports from the US next week, the Chinese finance ministry announced today.
Tariffs of 10% and 5% that applied on some US goods from September 2019 will be...
Read MoreVenezuela’s Oil Exports Fall in January
Venezuela’s oil exports (crude and refined products) fell almost 14%, or 148K b/d, m-o-m in January to 952K b/d (-428K b/d y-o-y), but crude stocks continued to fall, reports Reuters, citing PDVSA reports...
Read MoreBrazil’s Crude Exports Fall in January
Brazil’s crude exports dropped over 1M b/d m-o-m in January to 1.02M b/d, down from the record high of 2.06M b/d hit in December, according to MDIC data. Levels were down 163K b/d on the year and 215K b/d lower than the 2019 average.
Chinese Industrial Profits Fall 3.3% in 2019
Profits at Chinese industrial firms dropped by 3.3% annually to 6,199.6 billion yuan in 2019, according to the National Bureau of Statistics. The decline featured drops in the motor vehicle manufacturing sector (-10.9%) and the ferrous metal smelting and rolling processing sector (-25.6%).
China Cutting Refinery Runs
Asia’s largest refiner, Sinopec, is cutting refinery runs in February by about 12%, or 600K b/d (its steepest cut since the 2008 financial crisis), as the coronavirus hits fuel demand and distribution,...
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