China Magnesium Ingot Exports Diverged on a MoM and YoY Basis in October

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%.

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.

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.

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%.

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.

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.

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.

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

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.

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.