Page 17 - Import Export News Today

According to customs data, China imported 431,200 mt (physical content) of zinc concentrates in January and 471,100 mt (physical content) in February. YTD imports through February stood at 902,300 mt (physical content), up 30.08 percentage points MoM.

Copper cathode premiums in China's surrounding regions such as Japan, South Korea, and Southeast Asia stood high.

Russian oil exports have remained high over the past year thanks to purchases by Asian countries such as India.

OPEC's recent plan to cut oil production by 1.2 million bpd by the end of the year led the U.S. Energy Information Administration (EIA) to raise its oil price forecast for 2023 by 2.5%.

Bolivia's President Luis Arce said on Tuesday that the country could start exporting lithium batteries from 2026 as part of a plan to industrialise vast quantities of "white metal" resources.

Chile’s earnings from copper exports rebounded sharply in March after falling sharply in the first two months of the year.

The BDI rebounded this week on the back of stronger demand for Capesize and Panamax ships.

SMM expects that copper inventories in Shanghai and Guangdong bonded zones will continue to fall next week but the decline will slow down further.

Global iron ore shipments rebounded this week, according to SMM survey.

The price difference between high and medium-grade ore stabilised last week, while that between medium and low-grade ore narrowed.