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Home / Metal News / The Baltic Dry Index Rose for the Fourth Consecutive Month

The Baltic Dry Index Rose for the Fourth Consecutive Month

Jun 1, 2022 09:49

Source:SMM

SHANGHAI, Jun 1 (SMM) - The Baltic Dry Index rose for the fourth straight month, but posted a sixth straight day of declines, up 6.7% in May.

SHANGHAI, Jun 1 (SMM) - The Baltic Dry Index rose for the fourth straight month, but posted a sixth straight day of declines, up 6.7% in May. The capesize index rose 24.9% in May. The average daily earnings for capesize vessels rose $610 to $22,126. The panamax index fell 2.2% in May. The average daily earnings for panamax vessels fell $633 to $25,860. The Supramax index rose 0.3% in May.

Import/Export

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According to customs data, China's aluminium extrusion export volume (HS code 76041010, 76041090, 76042100, 76042910, 76042990) stood at 81,800 mt in August 2022, a month-on-month decrease of 11,500 mt or 12.4% and a year-on-year drop of 3.42%.

Sep 22, 2022 15:07

SMM Insight

China Aluminium Extrusion Exports Fell for Third Month in a Row in Aug

China Primary Aluminium Import and Export in Jul

According to the General Administration of Customs, China imported a total of 51,037.4 of primary aluminium in July, with imports with HS code 76011010 and 76011090 standing at 85.4 mt and 50,951.9 mt respectively.

Aug 23, 2022 11:05

Industry

China Primary Aluminium Import and Export in Jul

SMM Data Analysis: Sluggish Market amid Weak Demand Led to a Limited Increase in Nickel Ore Imports

The import volume of nickel ore from the Philippines was limited mainly because downstream stainless steel plants and NPI plants reduced the production due to losses amid a sluggish domestic market, resulting in shrinking demand for nickel ore.

Aug 22, 2022 16:26

Analysis

SMM Analysis of the Surge in China's Exports of Copper Plate and Strip in 2022

According to customs data, China exported 51,300 mt of copper plate and strip from January to June in 2022, a year-on-year increase of 56.45%. Exports in June stood at 10,027.16 mt, up 84.11% YoY. China imported 53,200 mt of copper plate and strip in the first half year, a year-on-year decrease of 18.01%.

Jul 29, 2022 10:26

SMM Insight Industry

SMM Analysis of the Surge in China's Exports of Copper Plate and Strip in 2022

Imports of Petroleum Coke Dropped 14.94% MoM in June, and Are Likely to Fall Again in July

To sum up, under the circumstances of normal supply in China, petcoke arriving at ports will fall 100,000-300,000 mt in July amid downstream purchases on rigid demand and poor industrial profitability.

Jul 21, 2022 16:00

SMM Comments

Imports of Petroleum Coke Dropped 14.94% MoM in June, and Are Likely to Fall Again in July

SMM Analysis: Petroleum Coke May Be Oversupplied after Imports Hit A New High of 1.57 Million mt in May

SHANGHAI, Jun 24 (SMM) - According to customs data, China's petroleum coke imports hit a new high of 1.57 million mt in May, an increase of 2.8% month-on-month and 42.01% year-on-year.

Jun 24, 2022 10:42

Industry

SMM Analysis: Petroleum Coke May Be Oversupplied after Imports Hit A New High of 1.57 Million mt in May

Iron Ore Arrivals at Chinese Ports Increased Slightly, Shipments from Australia and Brazil also Rose

SHANGHAI, Jun 21 (SMM) - SMM data showed that a total of 76 ships arrived at major ports in China from June 13 to June 19, carrying 11.45 million mt of iron ore, up 1.24 million mt on a weekly basis, but down 1.7 million mt from a year ago.

Jun 21, 2022 11:08

Industry Analysis

Iron Ore Arrivals at Chinese Ports Increased Slightly, Shipments from Australia and Brazil also Rose

Global Shipping Market Has Performed Well Recently, with Shanghai Ports Seeing A Peak in Shipments

SHANGHAI, Jun 8 (SMM) - The global shipping market has performed brilliantly recently, and shipping rates have soared.

Jun 8, 2022 11:50

Industry

Global Shipping Market Has Performed Well Recently, with Shanghai Ports Seeing A Peak in Shipments

China Tin Imports in April Dropped Greatly MoM due to Pandemic in Myanmar

According to the General Administration of Customs, China imported 15,811 mt of tin ore and its concentrate in April, down 45.45% MoM and 17.14% YoY. The imports in January-April totalled 104,541 mt, up 72.13% YoY.

May 20, 2022 13:21

SMM Comments

China Tin Imports in April Dropped Greatly MoM due to Pandemic in Myanmar

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The Baltic Dry Index Rose for the Fourth Consecutive Month

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 New Energy Industry Chain Expo