Commodity trading in the foreign trade in may try for double-reverse

Commodity trading of warming, pulling in May and in ports, foreign trade cargo throughput both reversed.

The Ministry published on 9 June, 5 months, China's internal and foreign trade port cargo throughput compared to the same period last year increased 5.1% respectively and 4.7%, both to positive growth. Port cargo throughput for three months to achieve growth.

Siwanyi inputs are from Central enterprises and local State-owned enterprises away and if you are unable to break through the Directorate in 4 months ahead of the curve, the pressure on the Government.

Ministry of transportation hydraulic Research Institute (the Ministry provide port cargo throughput of data support) one analyst said on 9 June, including crude oil, iron ore, coal, the increase in resource-based goods imported and domestic trade in such goods, is the result of active indicators improved directly above.

However, the "export situation has not reversed," she said, reflecting the export one of the key indicators of container throughput, 5 month-over-year decline of 9.7%.

Port throughput bottom gradually lift,

The pattern of hot and cold North South still

The Ministry published data show that in may, China port cargo throughput expected completion 5.46 million tons, an increase of 5%. Among them, the foreign trade cargo throughput expected completion 1.82 million tons, an increase of 4.7%; domestic cargo throughput expected completion 3.64 million tons, an increase of 5.1%. Two indicators of the ring than increase respectively 3.3 and 4.6 percentage points.

In fact, March-China foreign trade port cargo throughput and 4 months of domestic cargo throughput have experienced a slight growth.

"5 months, the increase is even more apparent, the economic recovery is still continuing," the Ministry of transportation hydraulic Research Institute analysts pointed out that, according to the volume of the comparable day, January-February, March, 4 month day for both cargo throughput of 1 million tons, 1614 million tons, 1728 million tons, signs of gradual recovery at the bottom is very clear.

Just picked up the port throughput does not mean that the trade situation for the better.

"Container throughput is reflected and export more critical indicators. "These analysts means that external demand of unsatisfactory result 5-month-over-year growth of container throughput remains a larger drop, import and export situation did not appear substantial improvement. In may, China container throughput expected completion 975 million TEU, year-over-year decline 9.7%, still in negative growth, but drop has narrowed from the previous month was 4 percentage points.

The differences between North and South port is also supporting the import and export "still bad judgment."

From the classification data, North port to significantly better than the South, "the domestic trade of Bohai port throughput target to significantly better than externally oriented Changjiang Delta and Pearl River Delta port. "The source said.

"The North hot South cold" pattern has continued for several months.

4-port throughput refinement, North of Qingdao port, Rizhao port, Yingkou port, port cargo throughput of year-over-year increase of 4.6% respectively, 9.3%, 8.8%, 6.8%; and the South of Shanghai, Hong Kong, Shenzhen, Ningbo-Zhoushan port, Guangzhou port cargo throughput up respectively 14 .. 9%, 19.6%, 7.6%, 9.2%.

Customs forthcoming may import and export data is expected to air their optimistic.

Chinese Vice Minister of Commerce recently Zhongshan openly stated negative growth in the first half of the year is a foregone conclusion, it is expected that the second half of the foreign trade situation still not optimistic, to actively take steps to deal with.

In June, the Government-wide increases electrical, toys, steel, and other merchandise export rebate rate, this is the third time this year, the export rebate rates.

Bulk product import boom or difficult to continue

Port, foreign trade cargo throughput improvements benefit from commodity trade.

The Ministry published classification data display, 5-month, Chinese ports handling of imported iron ore quantity estimated 816 million tons, an increase of 24.6%, the amount of coal loading port (including domestic and foreign trade import loading unloading capacity) is expected to complete the 4920 million tons, an increase of 10.8%. Port handling imported crude oil quantity expected completion 1380 million tons, an increase of 5.1%.

These three types of commodity, import volumes data of Customs has not yet been published.

However, the reporter was informed that, due to international coal prices and the domestic coal prices prior months nearly 100 price difference, some port and Tianjin Port, coal imports even a 4-month imports turned three times.

May crude oil imports are expected to also be high. Close to Sinopec, CNOOC of 9 June that two large companies present refinery's operating rate has reached 8%, crude oil processing capacity has increased substantially annular ratio. In may, the two companies amount of crude oil processing 1534 million tons respectively, 985 million tons, "may crude oil imports are expected to exceed 4 months".

4 months, China's crude oil imports for 13.6% year-over-year growth, 1617 million tons, which is also the first of the year-on-year growth.

However this with "ahead of the futures" nature of the commodity import craze it is sustainability.

Large coal traders in the Asia-Pacific energy from June 9, told reporters that the first half of a large number of imported coal makes imported coal and domestic coal price difference has been gradually disappear, and the last week, Australia power coal price rises by 10%, o coal to the port of Guangzhou than Shanxi coal prices have to port prices high for close to $ 100.

Asia Pacific energy in the first half of the business volume of over 80% of the contribution from imported coal business, however, this reversal began this month. "We begin to significantly reduce imports and increase the proportion of domestic coal, it is expected that the second half of the 80% of the traffic will come from domestic coal. "These people said.

China's energy strategy, Director Assistant

Guohaitao also is expected, if the International crude oil prices drop, imports are expected to follow in the fall, "the current surge in crude oil imports and not purely demand-driven, more from Enterprise" rose oil to Tun "expected. ”

"My steel network," Chief Information Officer Xu Xiangchun 9 June that iron ore imports soared in the second half of the pattern may be moderated, however it is expected that the moderate imports will be high. Iron ore import the whole year is expected to reach 5 billion tonnes, compared with last year 4.4 billion tonnes of imports.