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The Baltic Dry Index (BDI), the world’s bellwether of the dry bulk freight market, has been heading downward ever since mid-December last year, hitting a 31-month low of 595 on February 11, or down 800 base points in total amid the persistent cooling in the dry bulk markets amid the Sino-US trade friction and Vale’s tailings dam collapse on January 25, market sources said on February 14.
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For January, China’s imports of coal and lignite surged 19.5% on year to 33.5 million tonnes, and the exports of coke
and semi-coke grew 4.4% on year to 716,000 tonnes. A detailed
report will be posted.
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China's January iron ore imports decreased 9.1% on year to 91.3 million tonnes. A detailed report will be posted.
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China’s January steel exports increased 33.3% on year to 6.2 million tonnes while imports declined 1% on year to 1.2 million tonnes. A detailed report will be posted.
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China’s Purchasing Managers’ Index (PMI) for the steel industry returned to the expansion zone, scoring 51.5 after a strong month-on-month growth of 5.9 basis points or a recovery for the second month after struggling in the contraction range over November-December 2018, amid better-than-expected demand but lower output, according to the latest release by the official index compiler - CFLP Steel Logistics Professional Committee (CSLPC) on January 31.
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The Purchasing Managers’ Index (PMI) for China’s manufacturing industry reversed up by 0.1 basis point on month to 49.5 for January after having declined for the previous four months, but it still suggested contraction in the sector because of its being below the threshold of 50, according to the latest release by China’s National Bureau of Statistics (NBS) on January 31.
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China’s energy consumption structure has been in the progress of optimization with the ratio from thermal coal down further by 1.4 percentage points on year for 2018 though the total consumption grew 3.3% on year, according to the latest release from the country’s National Bureau of Statistics (NBS).
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China’s gross domestic product (GDP) scored a year-on-year 6.6% growth for 2018 with the total value exceeding Yuan 90 trillion ($13.2 trillion), outperforming the target at 6.5%, according to the latest release from the country’s National Bureau of Statistics (NBS) released on January 21.
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China's auto manufacturing fell 3.8% on year to about 28 million units for 2018. A detailed report will be posted.
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China's coal production including thermal and metallurgical coal grew 5.2% on year to 3.55 billion tonnes for 2018, and that for coke grew 0.8% on year to 438.2 million tonnes. A detailed report will be posted.
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China's finished steel output grew 8.5% on year to 1.105 billion tonnes, exceeding the benchmark of 1 billion tonnes for the first time. A detailed report will be posted.
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China's crude steel output grew 6.6% on year to 928.3 million tonnes for 2018. A detailed report will be posted.
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China's fixed asset investment grew 5.9% on year for 2018, and that into property sector up 9.5%. Detailed reports will be posted.
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China's 2018 GDP grew 6.6% on year, within expectation. A detailed report will be posted.
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The Purchasing Managers’ Index (PMI) for China’s manufacturing industry fell for the fourth consecutive month, down 0.6 basis points on month to 49.4 for December 2018, though that for the whole 2018 averaged 50.9, managing to stay in the expansion zone, according to the latest release by China’s National Bureau of Statistics (NBS) on December 31.
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The growth in the profits among China’s iron and steelmaking and extrusion enterprises slowed further over January-November, down substantially 13.5 percentage points from the first ten months to 50.2% year on year, but it was still the second most profitable industry following oil and gas sector, according to the latest data released by the country’s National Bureau of Statistics on December 27.
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China’s fixed asset investment (excluding rural households) climbed up 5.9% year on year to Yuan 60.93 trillion ($8.84 trillion) over January-November, with the growth being 0.2 percentage point higher than the first ten months, and the funding into the property market grew steadily at 9.7% on year, according to the latest data from China’s National Bureau of Statistics released on December 14.
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Chinese exports of carbon and special steel to Japan rose again in October, new data from the Japan Iron & Steel Federation show, with exports of wire rods continuing to register particularly strong growth. South Korea remains by far the largest source of Japan’s steel imports, however.
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China’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry decreased another 0.2 basis point on month to 50 in November, right at the threshold still suggesting of an expansion, and it had been above 50 for 28 successive months, according to the latest release by China’s National Bureau of Statistics on November 30, but it was slightly below the market expectation at 50.2.
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Gross profits in China’s ferrous industry including ironmakers, steelmakers and fabricators, surged 63.7% on year over January-October, the highest among all the major industries other than oil and gas exploration, but it was down further by 7.4 percentage points from that over January-September, Mysteel notes.
