Research & Insights

Despite elevated stocks, imports of soybean in China rose +30% YoY to a new record at 12.1Mt in Aug’24 after import pace had stood at 5-year seasonal high since Jun’24.

Paradoxically, weekly iron ore exports from Brazil came at a new all-time high of 9.9Mt/week in-sync with SGX iron ore futures contract for Oct’24 failing to maintain prices…

A lack of rain in parts of Kalimantan, ID, in recent weeks hampering barging and forcing affected Indonesian miners to defer laycans, declining exports from…

With SGX iron ore prices nearing to 100$/t at the end of June, iron ore miners in China hit the brake pedal in July!

With rainfalls over Panama reverting to normal after May 2024, the draft of the Panama Canal recovered and is now expected to reach 87ft by coming mid-October, in-line with seasonal average.

Guyana is a significant brightspot for crude production and tanker demand, our latest report explores the potential medium/long term trends of both Guyana and the wider region.

With China still struggling with its construction sector, prices for steel rebar reached fresh 5-year lows last week and production margins fell the lowest in a decade.

With intense shipment activity from Indonesia last week, weekly global coal exports came at a seasonal record of 30.6Mt last week, only 1Mt below the current record in Mar’23.

The swift start of wheat harvest in Russia & Ukraine, to 38% & 57% completion respectively, brings the perspective of a quick ramp-up of wheat exports from the Black Sea.

At current pace of bauxite mining expansion, rainy seasons in Guinea typically reduce exports by -15% relative to adjacent months, it has nevertheless allowed exports to grow ~20% on a year-on-year basis.

Despite rising +10% since May’24, soybean stockpiles at Chinese ports still have room for more!

While the tanker fleet continues to age, the recent newbuilding orders are going to bring limited relief to the tightening supply particularly for crude oil and chemical tanker fleets.

Up +4% YoY against record inventories at Chinese ports, weekly global iron exports reached a new record at 36.6Mt/wk last week.

In-line with Indonesian coal output up +5% YoY so far in 2024 and the Association of Indonesian Mining Professionals still forecasting a +104Mt YoY increase to…

In May’24, China’s crude steel production surprised to the upside, up +8% MoM or +3% YoY, on the back of electric-arc furnaces powered…

The Olmeca Refinery project is one of the largest currently underway in the Atlantic basin, in this article we explore the potential impacts on the dirty and clean tanker markets.

Same cause, same effects? With China’s property crisis still unravelling, with more developers ordered to…

Doubling in a year time, index for containers from China are approaching a 2-year high.

Invincible seasonality? With strong exports from Australia & Brazil, global weekly iron ore shipments soared to a new record in 2024 of 35Mt/Wk.

Up +16% year on year! The cumulated Agri exports from South America at end of April 2024 with a record of 76.3Mt with Argentina’s corn and oilseed leading the push thanks to normal crops.