Archive for category Commodity China (商品风暴)
China is now way ahead in terms of world’s shipping volume. In 2010, among the world’s largest 10 container ports, 6 are out of China. Shanghai now is the World’s biggest container port, handling more containers per year than Singapore or Hong Kong. Another fact worth noting is that 9 out of world’s 10 busiest container ports are all in Asia – tells something about where the future is?
China’s GDP growth is heavily dependent on the use of Steel, which has been growing steadily in the past 20 years. Such a fact showed how reliant China’s growth is on infrastructure building and property development in the past two decades.
During the last 10 years, China has become the de facto engine for world commodity demands. As of 2010, China accounted for 61.5% of world’s Iron Ore demand and 58.5% of World’s soybean demand. China is also one of the largest importer of other products such as coal and oil. It would be scary to imagine the impact on world commodity price if China slows down.
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.
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.
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.
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. Read the rest of this entry »
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, Read the rest of this entry »
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. Read the rest of this entry »
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. Read the rest of this entry »
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, Read the rest of this entry »
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. Read the rest of this entry »
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. Read the rest of this entry »
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, Read the rest of this entry »
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 Read the rest of this entry »
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. Read the rest of this entry »
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, Read the rest of this entry »
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. Read the rest of this entry »
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. Read the rest of this entry »
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. Read the rest of this entry »
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, Read the rest of this entry »
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, Read the rest of this entry »