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March 25 was the date when Hubei in Central China returned to the national connection network with the gradual resumption of its road, rail and air transportation. For the prior two months since January 23, the province had been in lockdown starting from Wuhan, the epicentre of the COVID-19, to prevent the contagion spreading nationwide.
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China imported 15.2 million tonnes of coking coal over January-February, higher by a huge 48% on year, Mysteel Global calculates based on General Administration of Customs (GACC) data. Chiefly responsible for the import surge was Australian coking coal, which offset the disruptions to deliveries of Mongolian coal in February, Mysteel Global noted.
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US coal exports declined 20% on year to 93 million short tons (or 84.4 million metric tonnes) in 2019, with the volumes of both steam coal and metallurgical coal decreasing last year, according to US Energy Information Administration (EIA) data released on March 18.
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Run-of-mine (ROM) iron ore output at Chinese mines fell to 111.2 million tonnes over January-February, down by 4.6% on year, according to the latest statistics from China's National Bureau of Statistics (NBS) published on March 18.
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China’s domestic rebar output recorded a 2.2% on-year drop during January-February to 34 million tonnes, according to the latest data released by China’s National Bureau of Statistics (NBS). Industry observers cited the longer Chinese New Year holiday period, prolonged by the outbreak of COVID-19, as well as ensuing transportation curbs and lockdowns across the country as reasons for the dip in output.
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Chinese production of air conditioners, refrigerators, televisions and washing machines plunged during the first two months of 2020, mainly as a result of the overall impact of COVID-19 on the operations of domestic industrial enterprises.
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The impact of last month’s interim stoppage of Mongolian coal exports to China, buyer of almost all Mongolian coal for export, has shown up starkly in new Mongolian export data, as over January-February the country’s total coal exports plummeted by a huge 31% on year, according to the country’s General Administration of Customs (GAC).
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China’s output of both coal for all uses and coke declined over January-February, with the former down 6.3% and the latter 5.5% lower on year, according to the country’s National Bureau of Statistics (NBS) on March 16, which was mainly because of the severe impact from the outbreak of COVID-19, Mysteel Global understood.
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China’s crude steel output growth had slowed down substantially over January-February to 3.1% on year to 154.7 million tonnes, as against the 8.3% year-on-year growth for 2019, based on the latest statistics from the country’s National Bureau of Statistics (NBS) on March 16.
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China’s fixed asset investment (FAI) had been hit hard by the outbreak of COVID-19 across the country over the first two months, having plunged 24.5% on year, or a free fall from the 5.4% year-on-year growth for the whole 2019, and the FAI in the property market also plummeted 16.3% on year, according to the latest statistics from the country’s National Bureau of Statistics (NBS) on March 16.
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China’s fixed asset investment (FAI) plunged 24.5% on year over January-February, and that in the property market plummeted 16.3% on year, according to the latest statistics from the National Bureau of Statistics. A detailed report will be posted soon.
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Over January-February,China’s total production of raw coal for
all use declined by 6.3% on year to about 489 million tonnes, and its coke output dropped 5.5% on year to about 70.6 million tonnes. A detailed report will be posted soon.
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China's crude steel output grew 3.1% on year to about 154.7 million tonnes over January-February. A detailed report will be posted soon.
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Chinese steel mills and traders will pay less for their imported iron ore in the near term, as demand for ore among the Chinese steel mills may soften with the slow recovery of finished steel demand, the China Iron & Steel Association (CISA) stated in its latest iron ore monthly market analysis released on March 9.
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The Dalian Commodity Exchange (DCE) headquartered in Northeast China’s Liaoning province is progressing with the launch of liquified petroleum gas (LPG) futures and options contracts, Mysteel Global has learned. The exchange is currently collecting public feedback about the contract designs and will accept submissions until March 13.
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China’s foreign trade slumped to a serious deficit of Yuan 42.6 billion or $7.09 billion for the first two months of 2020, as against a surplus of Yuan 293.5 billion or $41.45 billion a year ago, because of the prolonged Chinese New Year holiday and the virus outbreak, China’s General Administration of Customs explained on March 7.
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China imported a total of 176.8 million tonnes of iron ore over January-February, 2.57 million tonnes or 1.5% higher than the first two months of last year, according to new statistics released by the country's General Administration of Customs on March 7.
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China’s imports of coal for all uses over January-February swelled by 33.1% on year to reach 68.1 million tonnes, according to new data from China’s General Administration of Customs (GACC) published on March 7. The growth in coal imports – which led all the major commodities that GACC records – surprised the market, as GACC had just reported a drop in China’s foreign trade value over the two months, citing the lengthened Chinese New Year break and the outbreak of COVID-19 pneumonia.
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China’s steel exports over January-February slumped 27% on year to around 7.8 million tonnes, according to the latest release of China’s General Administration of Customs, which has caught the Chinese market participants by surprise with few expecting the decline to be so substantial.
