South African coal exports surged to 2.3 Mt/wk, up +42% WoW and +60% YoY, benefiting from post-monsoon demand recovery and winter restocking across Asia, alongside constrained Indonesian supply.
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Methanol trade: China ‘absorbed’ this year’s decline in trade and imports
China’s domestic methanol production helped offset the decline in global trade caused by disruptions to Middle Eastern exports.
China’s steel output sinks to seasonal floor
Our 2023 thesis that declining domestic mining would drive China’s bauxite and iron ore imports has gained momentum in 2026, with iron ore mining contracting far faster than consumption.

