Links to previous press releases are below.
Chinese Iron Ore Stockpiles
China’s port stockpiles of iron ore rose for the third consecutive week to 132.4 Mt in the seven days to 11 November, up 0.7 Mt from the previous week, data from 42 portside locations monitored by Umetal show. However, stockpiles have still fallen by a net 23.8 Mt since the start of the year.
Chinese Crude Steel Production Falls
Chinese crude steel production fell to the lowest level since February at 79.8 Mt in October, down 8.3% month-on-month, official data show. However, following depressed output last year, October production...
Read MoreOPEC revises oil demand growth forecasts for 2022 and 2023 lower
OPEC has downgraded its global oil demand growth forecast for 2022 by 100K b/d compared to its previous Monthly Oil Market Report (MOMR), citing China’s zero-COVID restrictions, weaker economic activity,...
Read MoreVietnamese Coal Imports
In October, Vietnamese coal imports fell 0.6 Mt year-on-year to 2.6 Mt, customs data show. Shipments from Indonesia dropped 0.3 Mt to 0.5 Mt while imports from Russia halved to 0.2 Mt. In contrast,...
Read MorePort Hedland Iron Ore Throughput
Iron ore throughput at Port Hedland rose 0.2 Mt year-on-year to 46.9 Mt in October, as exports to China reached a four-month high of 42.1 Mt, 3.0 Mt above the same month last year, port authority data...
Read MoreEIA revises down US crude oil production for 2023
US crude oil production is anticipated to average 12.31M b/d in 2023, an increase of 490K b/d y-o-y, according to the EIA’s latest Short Term Energy Outlook. However, this is down from last month’s...
Read MoreVietnam’s crude imports fall to three-month low
Vietnam’s crude oil imports declined by 108K b/d m-o-m to 209K b/d in October, falling for the second month in a row to the lowest level since July, according to customs data. This still remains up...
Read MoreUSDA Cuts Argentina’s Wheat and Corn Export Forecast
The US Department of Agriculture (USDA) has downgraded its forecasts for Argentine wheat and corn exports. Projected wheat shipments in the 2022/23 market year (July/June) were cut by 2.5 Mt to 10.0...
Read More