China Teffects Started Showing up in Shipping Data Months ago

China’s latest report on economic growth fell short of expectations, but for those who monitor traffic on the global water highways, the news was not a surprise. In fact, freight and shipping data over the last several months have been pointing to such a slowdown. An investor can get an idea of a country’s economic
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Beijing has released the third batch of oil products export quotas, totalling 2.93 million mt, which will allow the five Chinese state-run oil companies to boost exports modestly from the low levels recorded in September. The new allocation comprises quotas of 740,000 mt for gasoline, 590,000 mt for gasoil and 1.6 million mt for jet
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China’s construction steel rebar prices dipped on Tuesday amid a broad sell-off across commodities, as market sentiment was dampened by a fresh round of Sino-U.S. trade friction. According to a Bloomberg report, the United States is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between Presidents Trump
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Forecasters reduced estimates for Chinese economic growth over the coming quarters as recent government measures to counter an escalating trade war with the U.S. were seen as inadequate. Gross domestic product will probably increase by 6.4 percent on a year-over-year basis in the final quarter of 2018 before growth decelerates to 6.3 percent in the
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Chinese iron ore futures climbed more than 2 percent to their highest in almost eight months on Monday, supported by firm demand for the steelmaking raw material in the world’s top consumer as stockpiles at its ports dropped last week. Inventories of iron ore at China’s major ports fell 150,000 tonnes from the previous week
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A ship carrying U.S. soybeans changed destination from China to Vietnam on Saturday as exporters find new buyers for American supplies amid an escalating trade war. Bulk carrier Audacity left Louis Dreyfus’ Pier 86 terminal in Seattle on Oct. 21 for Qingdao, China with 69,244 metric tons of soybeans, according to U.S. Department of Agriculture
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China’s economic growth continued to slow in October, a period in which the trade conflict with the U.S. has intensified and policy makers have stepped up support for businesses. That’s the signal from a Bloomberg Economics gauge aggregating the earliest-available indicators on business conditions and market sentiment. The government effort to stabilize the mood among
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Chinese demand for seaborne thermal coal appears to be in doldrums in the seasonally strong fourth quarter as the country strives to plan better to make supply of LNG smoother than last year. China’s National Development and Reform Commission said earlier this week that supply and demand of natural gas would be in “tight balance”
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NEW DELHI: The Commerce Minister Shri Suresh Prabhu recently said that China has agreed to increase its imports from the India. “Global disruptions offer a chance to increase Indian exports,” Prabhu said at an event organised by the Confederation of Indian Industries (CII). Prabhu said Chinese authorities will hold a meeting in November specifically with
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China’s finance ministry said it will adjust tax rebates on a wide range of export products including soymeal, a widely used animal feed ingredient, from Nov. 1. China is scrapping the soymeal export rebate even as it seeks to reduce consumption of soymeal by its huge livestock herd after slapping a 25 percent tariff on
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