BLOG
Feb 25, 2020
High-frequency Commodities at Sea data shows drop for Chinese imports easing, early signs of recovery from depressed levels
High-frequency Commodities at Sea data shows drop for Chinese imports easing, early signs of recovery from depressed levels.
- China is the world's biggest importer of bulk commodities such as iron ore, crude oil, coal and is the demand driver of major globally-traded commodities.
- The immediate impacts of the coronavirus outbreak are already numerous with respect to trade: labour shortages at Chinese ports have led to instances of slower discharge rates for arriving cargoes.
- Commodities at Sea model runs twice a day and provides immediate activity capture for vessel activity down to the port level.
- Tracking vessel discharges in real time in Chinese ports over the last few weeks provides superior visibility into Chinese industrial activity levels before after-the-fact government reports.
- Seasonally adjusted, post-Chinese New Year, dry bulk vessels discharging in China nosedived 30-40% from average levels.
- Average weekly crude oil discharged in China has returned closer to normal levels despite a lower vessel count.
- Commodities at Sea reveals China prioritising larger vessels to discharge amid limited personnel availability at ports.
{"items" : [
{"name":"share","enabled":true,"desc":"<strong>Share</strong>","mobdesc":"Share","options":[ {"name":"facebook","url":"https://www.facebook.com/sharer.php?u=http%3a%2f%2fssl.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2fcommodities-at-sea-data-shows-drop-for-china-imports-easing.html","enabled":true},{"name":"twitter","url":"https://twitter.com/intent/tweet?url=http%3a%2f%2fssl.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2fcommodities-at-sea-data-shows-drop-for-china-imports-easing.html&text=High-frequency+Commodities+at+Sea+data+shows+drop+for+Chinese+imports+easing%2c+early+signs+of+recovery+from+depressed+levels+%7c+S%26P+Global+","enabled":true},{"name":"linkedin","url":"https://www.linkedin.com/sharing/share-offsite/?url=http%3a%2f%2fssl.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2fcommodities-at-sea-data-shows-drop-for-china-imports-easing.html","enabled":true},{"name":"email","url":"?subject=High-frequency Commodities at Sea data shows drop for Chinese imports easing, early signs of recovery from depressed levels | S&P Global &body=http%3a%2f%2fssl.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2fcommodities-at-sea-data-shows-drop-for-china-imports-easing.html","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=High-frequency+Commodities+at+Sea+data+shows+drop+for+Chinese+imports+easing%2c+early+signs+of+recovery+from+depressed+levels+%7c+S%26P+Global+ http%3a%2f%2fssl.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2fcommodities-at-sea-data-shows-drop-for-china-imports-easing.html","enabled":true}]}, {"name":"rtt","enabled":true,"mobdesc":"Top"}
]}