Links to previous press releases are below.
Iron Ore Stockpiles at Chinese Ports Slip
Iron ore inventories at 42 Chinese ports inched down by 0.9 Mt on the week to 120.1 Mt on 13 March, data collected by U-Metal show. Stockpiles have declined for five-weeks in a row.
Chinese Crude Steel Production Inches Higher
Chinese crude steel production edged up by 3.1% year-on-year to 154.7 Mt in January-February, according to data from the National Bureau of Statistics.
Chinese crude runs fell to 12.1M b/d in January and February, down 1.7 b/d from December, according to data from the Chinese National Bureau of Statistics.
There was no breakdown of runs for...Read More
Higher VLCC rates for Middle East crude to Asia has made Russian ESPO crude more competitive in the region, driving its price up, Reuters reports.
The collapse of the OPEC+ agreement last week...Read More
Chinese Loans Continue to Climb in February
Chinese net new bank loans rose to 905.7 billion yuan in February, up 19.9 billion yuan annually. This marks the fourth consecutive month that loan extensions have exceeded their year-ago levels, data from the People’s Bank of China reveal.
Chinese Car Sales Tumble
China’s passenger car sales fell by nearly 1 million units year-on-year to 0.2 million units in February, the lowest since February 2005, according to the Chinese Association of Automobile Manufacturers (CAAM). Sales last month slumped from 1.6 million units in January.