China is one of the world’s biggest consumers and importers of Soybean. In this sector, there are quite a few large players in the crushing of imported beans. The biggest of all is Wilmar, which controls about 17% market share of China’s soybean crushing, followed by China Agri (12%), Chinatex (9%), Cargill (9%) and Jiusan (6%). Most of the imported beans are GMO.
中国是全球最大的大豆进口国之一。中国的进口大豆压榨主要控制在一些巨型粮商手中。其中最大的是益海粮油(Wilmar)，占到17%左右的市场份额。其他比较大的商家有中国农业，嘉吉，九三，莱宝等。
China’s commodity appetite supports the global commodity market. For some of the items, China’s consumption solely determines their price. For example, China consumes more than half of world’s pork, more than 40% of world’s copper, and more than 1/3 of world’s cotton. If China slows down, the demands for all these commodities will slow down.
中国对全球大宗商品的需求是支撑这些商品价格的重要因素。举个例子来说，中国消费了全世界一半以上的猪肉，约40%的铜，以及超过1/3的棉花。如果中国经济受影响，那么这些大宗商品的价格可能都会有明显回落。
As the global leading manufacturing base, China imports more than 85% of the global Iron Ore supply, and 55% of global soybean supply. Also China is a major importer of Cotton, Copper and Oil.
中国是全球最大的生产基地之一，因此也是各大大宗商品的主要进口国。比如中国进口全球铁矿的85%以上，全球大豆的55%以上，以及全球原铜的20%以上。因此中国经济放缓的话，大宗商品的价格会受较大影响。
According to the latest figure from IEA, Saudi Arabia is the biggest supplier of crude oil to China, accounting for about 19% of China’s total oil import. The following suppliers are Angola (13%), Iran (10%) and Oman (7%). Iraq and Russia are also strategically important suppliers.
根据国际能源署的最新资料，沙特是中国最大的原油供应国，占到中国原油总进口的19%强。除此之外的重要出口国有安哥拉，伊朗，阿曼，伊拉克和俄罗斯。
How much is China’s inflation indeed in 2010? Seems it is a question that nobody has a definite answer to. The Bureau of Statistics releases CPI every month. However, that number is highly suspected by large numbers of people. In order to get a clearer picture, Chinatells collected the price change of a few food items such as Palm, sugar, hog and barley and compare them to a year ago. Continue (继续)
China’s Steel and Aluminum price both kept rising in the last few months of 2010. For example, steel price went above 4400 RMB/T in December, and the price of Aluminum exceeded 16,000 RMB/T. China is one of the worlds’ biggest importers of Steel and Aluminum, Continue (继续)
China’s Iron Ore Import picks up aggressively in November and December of 2010, finishing the whole year import at a strong level of about 619 million tons. The 2010 import volume is slightly lower than that of 2009, but still significantly higher than previous years. Continue (继续)
Recently China’s food price has caught much attention (Click HERE for a Bloomberg Story). To analyse the rapid increase of CPI in Oct (4.4%), the biggest contributor has been the food price (up 10% y-o-y). As a result there has been a wave of price spikes in different food items such as garlic, soybean and sugar. Overall China’s food accounts for about 33% of CPI as of 2010. Continue (继续)
According to the latest stats from Bureau of Statistics in China, China’s crude oil import has been on elevated level this year. So far in 2010 China’s monthly crude oil import has been around 20,000 thousand tons every month, Continue (继续)
The world Metal’s demand is highly dependent on China’s housing sector. According to the latest stats from World Bureau of Metal Statistics, China’s housing sector accounts for a big chunk of demand for some of the metals such as Steel, Zinc and Copper. Continue (继续)
China’s copper import in May continues to slow down after the country posted a high in March. Overall the import of copper in the first half of 2010 is almost at the similar pace of that in 2009, but much higher than that of 2008. Continue (继续)
China’s Coal production continues to grow up in 2010, reflecting the country’s savvy appetite for energy. For the first three months ni 2010, China produced about 750 million tons of Coal, Continue (继续)
May 29
With World’s Gold price continuing to challenge new highs, there is a rush of mania to buy more gold in China. Sky TV reports in Beijing the continuously hot demand for gold Continue (继续)
China’s Auto output leads the league in the growth of durable goods in Q1 2010. According to a latest study, China’s Auto output increased around 130% in Q1 2010 on a y-o-y basis, which is much faster than any other items. Continue (继续)
It seems that China’s steel manufacturers are still enjoying good margins. According to a latest study, on average steel manufacturers enjoy a gross margin of about RMB 500/Ton in May and about RMB 400/Ton in June, Continue (继续)
China’s Shipyards continue to pump new vessels into the world fleet. During the first four months of 2010, China’s shipyards have delivered increasing numbers of tanker, bulk ships and container vessels. Continue (继续)
China’s New Order for Tanker Vessels has shrunk dramatically from 2009. During 2009 the peak monthly order amounted to almost 7 million metric tons dead weight per month. Continue (继续)
China is world’s primary drive for demand in commodities. Above chart illustrates China’s demand share in World’s total demand for different commodities. Continue (继续)
It seems that China’s import of commodites might be slowing down during Q1 2010. According to a latest stats analysis, the commodity import slowed down significantly y-o-y in Copper, Continue (继续)
Among the top ten World Steel producers in 2009, five are coming from China, according to the latest stats. Arcelor Mittal, the steel group based in Luxemberg, Continue (继续)
According to the vice governor of People’s Bank of China, Mr. Yi Gang, the return on Gold in the last 30 years is not that great and China will be cautious to increase the holding of Gold (See Article from WSJ). There are large speculations that China is considering reducing the investment in US treasury and convert part of it to Gold. Given the limited amount of tradable gold on the market, however, any significant move from China on back of its record Foreign Reserve will result in a surge of Gold price almost for certain. For the moment China holds about 1054 metric tons of gold, which represents about 1.6% of China’s total Reserve (See Graph from Chinatells).
近年来市场经常猜测中国政府会主动增持黄金，用来替代逐渐减少的美国国债。跟美元或者国债相比，黄金的生产不是美国政府能够随便控制的，因此其价值应该更趋稳定。但是增持黄金也有不少实际的难处。 Continue (继续)
Since Oct 08 (the Financial Crisis), there has been some choppy developments of material prices in China. Notably some materials went through a severe correction of price (eg., Copper, Coal, and Aluminum). Since Q1 09, Continue (继续)
China’s Foreign Exchange Reserve has grown exponentially in the last decade from less than 500 Billion USD to more than 2 Trillion USD. At the same time, however, most of the FX Reserve is in the form of USD. Due to the fact that USD’s value has been destabilized in the recent years, Continue (继续)
In recent years there has been a ‘gold rush’ in China thanks to the increasing level of income (See Article from Chinatells). The demand of Gold in China mostly comes from Jewelery. Continue (继续)
China’s Iron Ore Consumption is among the world’s highest given China’s income. According to a latest study, Given China’s GDP per capita, China’s Iron Ore consumption of around 1000 Kg per capita makes it one of the highest in the world. Continue (继续)
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Are you a China Bull? (您对中国有信心么)
Is there a bubble in China property (中国房产有泡沫么)
Secret for China's Growth (中国经济增长原因探讨)
1421: the year China discovered the World
China's Environmental Crisis (中国的环境威胁)
China's Unfinished Revolution (未完成的革命)
Mr China – A memoir (中国先生)
The Chinese Century (中国世纪)
The State of China Atlas (中华新地图)
To live (活着)
Who will Feed China: Wake Up Call for a Small Planet (谁来养活中国)
Asia Hotel
WCM
Chinatells (主页)