Sunday, 12 Feb 2012
China Knowledge reported that China, the world's largest iron ore importer and steel maker, saw its iron ore import fell 13.9% YoY to 59.32 million tonnes in January last year.
According to latest statistics released by the General Administration of Customs, the iron ore import last month reflected a 7.4% decline from the previous month. The average import price of iron ore dropped 10.9% YoY to USD 136.5 per tonne in January.
(Sourced from China Knowledge)
Showing posts with label January. Show all posts
Showing posts with label January. Show all posts
Sunday, February 12, 2012
Wednesday, January 4, 2012
Indonesia cuts January coal price to the lowest in 13 months
Wednesday, 04 Jan 2012
Bloomberg quoted according to data released by the energy ministry that Indonesia, the world largest exporter of power-station coal, cut the benchmark price for sales in January by 3% to the lowest in 13 months.
The Directorate General of Coal and Minerals at the ministry said in its website today in Jakarta that the cost of coal with a gross energy value of 6,322 kilo calories per kilogram was set at USD 109.29 a ton on free-on-board basis at vessel compared with USD 112.67 a ton in December.
Below is a list of price references and markers used to calculate prices for coal of similar quality from eight leading grades in Indonesia, Southeast Asia biggest economy as compiled by the energy ministry. Grades are in kilo-calories a kilogram while prices are in US dollars a ton.
(Sourced from Bloomberg)
Bloomberg quoted according to data released by the energy ministry that Indonesia, the world largest exporter of power-station coal, cut the benchmark price for sales in January by 3% to the lowest in 13 months.
The Directorate General of Coal and Minerals at the ministry said in its website today in Jakarta that the cost of coal with a gross energy value of 6,322 kilo calories per kilogram was set at USD 109.29 a ton on free-on-board basis at vessel compared with USD 112.67 a ton in December.
Below is a list of price references and markers used to calculate prices for coal of similar quality from eight leading grades in Indonesia, Southeast Asia biggest economy as compiled by the energy ministry. Grades are in kilo-calories a kilogram while prices are in US dollars a ton.
(Sourced from Bloomberg)
Sunday, February 27, 2011
Macroeconomic indicators - Hong Kong CPI in Jan up by 4 pct YoY
Sunday, 27 Feb 2011 China Knowledge
China Knowledge quoted report released by the Census and Statistics Department said the consumer price index in the Hong Kong Special Administrative Region rose 3.6%YoY in January after increasing 3.1% in December.
Excluding the effects of the government one off relief measures, the composite CPI increased 3.5% from the same period in 2010 a growth higher than the 2.8% rise in December mainly due to the enlarged increases in the prices of food, private housing rentals as well as the charges for package tours.
Food prices in Hong Kong which took up one-third of the total CPI climbed 8.2% in January. Meanwhile a 3% increase was seen in the prices of housing compared with the same period in 2010. There were a YoY increase of 7% in the prices of electricity, gas and water and 5% increase in the prices of clothing and footwear.
A spokesman said that that the local economy will continue to face higher price pressures in the coming months, due to sustained rises in global food and commodity prices, higher inflation in the import sources, and also the strong local economic conditions.
Excluding the effects of the government one off relief measures, the composite CPI increased 3.5% from the same period in 2010 a growth higher than the 2.8% rise in December mainly due to the enlarged increases in the prices of food, private housing rentals as well as the charges for package tours.
Food prices in Hong Kong which took up one-third of the total CPI climbed 8.2% in January. Meanwhile a 3% increase was seen in the prices of housing compared with the same period in 2010. There were a YoY increase of 7% in the prices of electricity, gas and water and 5% increase in the prices of clothing and footwear.
A spokesman said that that the local economy will continue to face higher price pressures in the coming months, due to sustained rises in global food and commodity prices, higher inflation in the import sources, and also the strong local economic conditions.
Thursday, February 24, 2011
US imports 2,048,000 nt of steel in January
Thursday, 24 February 2011
The American Iron and Steel Institute (AISI) announced Wednesday that based on preliminary US Census Bureau data, the US imported 2,048,000 net tons (nt) of steel in January, including 1,632,000 nt of finished steel, up 10 and 8 percent, respectively, from December data. Import market share for finished steel products was approximately 21 percent last month, up 1 percent from December.
The most significant month-over-month increases of imported finished steel products are reinforcing bar (up 44 percent), wire rod (up 34 percent), as well as standard pipe (up 38 percent), line pipe (up 34 percent), and oil country goods (up 24 percent).
The largest volumes of finished steel imports from offshore were from South Korea (213,000 nt and up 9 percent), Japan (126,000 nt up 23 percent), Germany (78,000 nt and up 20 percent) and Australia (74,000 nt and up78 percent).
Tags: rebar , wire rod , pipe , longs , tubular , USA , Germany , Australia , Japan , Korea S. , Oceania , Europe , Far East , North America , imp/exp statistics , trading , East Asia and Pacific , European Union
The most significant month-over-month increases of imported finished steel products are reinforcing bar (up 44 percent), wire rod (up 34 percent), as well as standard pipe (up 38 percent), line pipe (up 34 percent), and oil country goods (up 24 percent).
The largest volumes of finished steel imports from offshore were from South Korea (213,000 nt and up 9 percent), Japan (126,000 nt up 23 percent), Germany (78,000 nt and up 20 percent) and Australia (74,000 nt and up78 percent).
Tags: rebar , wire rod , pipe , longs , tubular , USA , Germany , Australia , Japan , Korea S. , Oceania , Europe , Far East , North America , imp/exp statistics , trading , East Asia and Pacific , European Union
Wednesday, February 9, 2011
Macroeconomic indicators - Chinese manufacturing growth slows in January amid tightening measures
Wednesday, 09 Feb 2011
Xinhua reported that growth in China manufacturing sector slowed in January amid the government efforts to cool price pressures.
China Federation of Logistics and Purchasing said China manufacturing sector purchasing manager index fell to a five month low of 52.9% in January compared with 53.9% in December. The January figure means the benchmark index for economic expansion has remained above the boom or bust line of 50% for 23 consecutive months.
Analysts said authorities' moves to cool prices prompted the PMI decline and the economic outlook remained unclear.
Mr Zhang Liqun a research fellow with China top government think tank the Development Research Center of the State Council said the continued slowdown in the January PMI data showed economic uncertainty remained and the data would likely drop further in months to come. He said that "This showed manufacturing enterprises are facing greater pressure and more difficulty with increasing costs and shrinking orders.”
Mr He Yifeng a senior researcher who had kept tracing PMI figures with Hongyuan Securities said the January PMI data was a good sign that the economy was slowing remarkably.
China consumer price index a main gauge of inflation rose 4.6%YoY in December and the full year CPI climbed 3.3% in 2010 exceeding the central government official target of 3%. Mounting inflation pressure prompted the People Bank of China the central bank to adopt more tightening measures, including a hike in the bank reserve requirement ratio by 50 basis points on January 20.
The central government imposed tougher measures in cities where home prices are skyrocketing, such as restrictions on home purchases and an increase in the minimum down payment requirement for the purchase of a second home to 60% of the property's value.
Mr Cai Jin vice-president of CFLP said "The drop of PMI in January was remarkable, but the decline also had a positive meaning. Because the 10.3% of economic growth last year was a little too high a fall in PMI data in January was closely related to the government's macro control measures and it was helpful to tame inflation."
The HSBC China Manufacturing Purchasing Managers Index, another survey released recently however edged up to 54.5 last month from a three month low of 54.4 in December.(sourced:Xinhua)
Xinhua reported that growth in China manufacturing sector slowed in January amid the government efforts to cool price pressures.
China Federation of Logistics and Purchasing said China manufacturing sector purchasing manager index fell to a five month low of 52.9% in January compared with 53.9% in December. The January figure means the benchmark index for economic expansion has remained above the boom or bust line of 50% for 23 consecutive months.
Analysts said authorities' moves to cool prices prompted the PMI decline and the economic outlook remained unclear.
Mr Zhang Liqun a research fellow with China top government think tank the Development Research Center of the State Council said the continued slowdown in the January PMI data showed economic uncertainty remained and the data would likely drop further in months to come. He said that "This showed manufacturing enterprises are facing greater pressure and more difficulty with increasing costs and shrinking orders.”
Mr He Yifeng a senior researcher who had kept tracing PMI figures with Hongyuan Securities said the January PMI data was a good sign that the economy was slowing remarkably.
China consumer price index a main gauge of inflation rose 4.6%YoY in December and the full year CPI climbed 3.3% in 2010 exceeding the central government official target of 3%. Mounting inflation pressure prompted the People Bank of China the central bank to adopt more tightening measures, including a hike in the bank reserve requirement ratio by 50 basis points on January 20.
The central government imposed tougher measures in cities where home prices are skyrocketing, such as restrictions on home purchases and an increase in the minimum down payment requirement for the purchase of a second home to 60% of the property's value.
Mr Cai Jin vice-president of CFLP said "The drop of PMI in January was remarkable, but the decline also had a positive meaning. Because the 10.3% of economic growth last year was a little too high a fall in PMI data in January was closely related to the government's macro control measures and it was helpful to tame inflation."
The HSBC China Manufacturing Purchasing Managers Index, another survey released recently however edged up to 54.5 last month from a three month low of 54.4 in December.(sourced:Xinhua)
Thursday, February 3, 2011
Japan steel mills see output 28.4 mln T in Jan-Mar
Wed Feb 2, 2011 1:53am EST
* Plan for 2.6 pct bigger output than Oct-Dec
* Exceeds METI estimate by 5.6 pct
* Plans may not fully reflect impact of floods -METI
TOKYO, Feb 2 (Reuters) - Japanese steelmakers' buoyant production may continue into the current quarter on strong demand from Asia, despite supply disruptions of coal from Australia that have forced them to rely on the costlier spot market.
A government poll of about 60 big Japanese steelmakers released on Wednesday showed the companies plan to produce 28.40 million tonnes of crude steel in January-March, up 2.6 percent from the previous quarter.
The figure is 5.6 percent above an estimate by the Ministry of Economy, Trade and Industry revealed last month of 26.88 million tonnes.
A ministry official said the survey on output plans was conducted before the magnitude of the impact of the devastating floods in Australia became clear, and revisions of the plan were possible.
Japanese steelmakers, which rely on Australia for 60 percent of their coking coal needs, have said they have secured enough coal stocks to run until the end of March unless there are further floods or damage to infrastructure in the country.
Japanese companies are boosting coking coal purchases from alternative sources such as the United States, Canada, China and Indonesia, relying on the spot market in some cases.
Nippon Steel Corp (5401.T) and JFE Holdings Inc (5411.T) kept their 2010/11 production plans unchanged when they announced steep downward revisions in their earnings outlooks last week. (Reporting by Yuko Inoue; Editing by Michael Watson)
* Plan for 2.6 pct bigger output than Oct-Dec
* Exceeds METI estimate by 5.6 pct
* Plans may not fully reflect impact of floods -METI
TOKYO, Feb 2 (Reuters) - Japanese steelmakers' buoyant production may continue into the current quarter on strong demand from Asia, despite supply disruptions of coal from Australia that have forced them to rely on the costlier spot market.
A government poll of about 60 big Japanese steelmakers released on Wednesday showed the companies plan to produce 28.40 million tonnes of crude steel in January-March, up 2.6 percent from the previous quarter.
The figure is 5.6 percent above an estimate by the Ministry of Economy, Trade and Industry revealed last month of 26.88 million tonnes.
A ministry official said the survey on output plans was conducted before the magnitude of the impact of the devastating floods in Australia became clear, and revisions of the plan were possible.
Japanese steelmakers, which rely on Australia for 60 percent of their coking coal needs, have said they have secured enough coal stocks to run until the end of March unless there are further floods or damage to infrastructure in the country.
Japanese companies are boosting coking coal purchases from alternative sources such as the United States, Canada, China and Indonesia, relying on the spot market in some cases.
Nippon Steel Corp (5401.T) and JFE Holdings Inc (5411.T) kept their 2010/11 production plans unchanged when they announced steep downward revisions in their earnings outlooks last week. (Reporting by Yuko Inoue; Editing by Michael Watson)
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