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Market
1. China's natural rubber imports in December 2021 decreased by 13.47% year-on-year
In December 2021, China's natural rubber (including latex, composite rubber, mixed rubber) imports totaled 509,000 tons, a year-on-year decrease of 13.47%, a decrease of 6.38% month-on-month, significantly lower than the average of the previous five years. The reason is that, on the one hand, due to the high price of sea freight and the tight container, the shipping schedule has been delayed. On the other hand, the inventory of domestic tire factories has increased, and the enthusiasm for the procurement of rubber raw materials is general. In 2021, China's natural rubber (including latex, composite rubber, mixed rubber) imports totaled 5.3742 million tons, a year-on-year decrease of 8.94%.
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2. Global lithium mines compete for the "sword rattling" lithium price all the way up
At present, global enterprises continue to accelerate the layout of lithium mines. The demand for lithium concentrate has intensified, and the price of lithium ore has reached a new high. On October 27, 2021, pilbara auctioned lithium concentrate prices of $2350/ton, breaking through the all-time high and up 5% from the second auction price. In 2021, lithium resources structural shortage, lithium carbonate since last July began to accelerate the rise, since September 2021, lithium carbonate prices rose by an average of 10,000 / ton during the week, the shortage of lithium resources can be seen.
3. In 2021, the global mine lithium cobalt production is released! Prices may continue to rise in 2022
According to data released by the U.S. Geological Survey, global mine lithium production in 2021 was 100,000 tons (excluding the United States), up 21% from 82,500 tons in the previous year; global cobalt production was 170,000 tons, a record high, an increase of 20% compared with 142,000 tons in 2020. In 2021, lithium, cobalt production, price increases are much more than expected, looking forward to 2022, relevant institutions predict that it will continue to be high.
4. Indian institutions: Khmer prices are unlikely to last
The current international cotton price has reached a 10-year high, and the price of cotton in the international market and the Indian market is rising every day. Abundant liquidity coupled with strong demand for commodities has created strong momentum in 2021. But now, according to the Federation of Indian Entrepreneurs (ITF), the fundamentals are changing and the current price will fall rapidly.
5. Australia's planting conditions have improved significantly, and cotton production has exceeded one million tons
The Dalia Cotton Association recently said that after years of drought, the country's cotton industry will harvest the second highest yield in history, reaching 5.2 million bales (about 1.1 million tons), due to the great improvement in planting conditions in most cotton-producing areas. Adam Kay, chief executive of the Australian Cotton Company, said there was heavy rain at the end of last year and early this year, and if conditions continue to be good, production could reach 5.2 million bales, yields in irrigated fields could reach 12-14 bales/ha, and good results are expected in dryland areas.
6. Russian sawn timber exports in 2021 fell by 6.4% year-on-year
According to the Russian Federal Customs Service, the volume of Russian sawn timber exports in 2021 fell by 6.4% year-on-year to 29.134 million cubic meters. Total exports of sawn timber during the reporting period increased by 42.6% year-on-year to US$6,144 million. Log exports fell 10.2% year-on-year to 13.888 million cubic meters during the same period. In terms of export value, log exports remained at 2020 levels: up 0.3% year-on-year to $1.025 billion.
7. U.S. timber prices fluctuated again, plunging 30% in two weeks
U.S. timber prices have plunged 30 percent over the past two weeks as rising mortgage rates cooled the housing market. Timber futures prices fell several times last week, falling about 5 percent on Tuesday. The price of this important building material hit a high of $1,338 per thousand board feet on Jan. 14, but fell to a low of $934 last Tuesday. The price has now recovered, rising to $1,159.9 as of Feb. 8.
Port information
1. Sri Lankan ports announce exemptions from fines for stranded cargo
In the context of severe shortages of foreign exchange in the domestic market, many goods in Sri Lankan ports have been undelivered for several consecutive days or months, so the Sri Lankan government has decided to give special consideration to granting exemptions from fines. Sri Lanka's president has instructed port authorities to review eligibility for exemption from fines, a special benefit for importers, for goods unloaded at Jaya Container Terminal (JCT) and East Container Terminal (ECT) pending customs clearance until January 2022.
Logistics information
1. This year's sea rate is afraid to rise above the sky! The west coaster strike crisis has escalated
A few days ago, relevant experts warned in the latest interview that the strike crisis at the West Coast Terminal is in danger of escalating, and if it is not handled well, the shipping rate in 2022 may "rise above the sky". The big problem facing the supply chain this year is that the International Federation of Warehousing and Terminal Workers (ILWU), which represents West-West Terminal Workers, is about to renew its contracts that expire at the end of June. The contract was rolled over for three years in mid-2019, when the industry market was far weaker than it is now. Labor now has enormous bargaining power and may strive for better terms.
2. BDI rebounded to the highest in the past 3 weeks, and bulk carrier freight rates rose across the board
The Baltic Dry Freight Index BDI rose to a nearly three-week high on Feb. 8, aided by strong demand for all vessels. The BDI index rose 81 points, or 5.7 percent, to 1,503, the highest level since Jan. 19. The Cape Freight Rate Index climbed 54 points, or 4.7 percent, to 1,202 points. Cape-type vessels' average daily profit rose $448 to $9,969. The capacity of this type of ship is usually 150,000 tons, and the cargo carried includes iron ore and coal.
Frozen product information
1. In the first week of February, China imported 40,000 tons of Brazilian beef
According to the Brazilian government, Brazil exported nearly 40,000 tons of Chinese beef in the first week of February alone, equivalent to about 40% of the total exports in February 2021. The average figure for the first four days of the month was 9,910 tonnes, an increase of almost 75% compared to the daily average for February 2021. Undoubtedly, this represents a significant recovery in China following the suspension of beef trade after an isolated outbreak of bovine spongiform encephalopathy, commonly known as "mad cow disease".
2. China's demand for U.S. meat may remain strong
Last week, the National Cattlekeepers Association (NCBA) Annual Meeting in Texas explored the prospects for the U.S. cattle industry and beef exports. In the past year and a half, export opportunities to China have grown. In 2021, U.S. beef exports exceeded $10 billion, including more than $2 billion to China. This looks set to continue, but it doesn't necessarily apply to all protein commodities of concern to the U.S.
3. In 2021, the import volume of aquatic products from the mainland will be 17.890 billion US dollars
In 2021, the total trade volume of mainland aquatic products was 9.317 million tons, down 1.83% year-on-year; the total trade volume was 39.769 billion US dollars, an increase of 14.92% year-on-year; and the trade surplus was 3.989 billion US dollars, an increase of 14.76% year-on-year. Among them, the import volume was 5.7195 million tons, an increase of 0.72% year-on-year; the import volume was 17.890 billion US dollars, an increase of 14.94% year-on-year. The export volume was 3.5975 million tons, down 5.62% year-on-year, and the export volume was 21.879 billion US dollars, an increase of 14.91% year-on-year.
4. Shrimp prices in East Java and West Nusa Tenggara in Indonesia for 5 weeks
According to the data, in the fifth week, the price of Penaeus vannamei in East Java, Indonesia, and West Nusa Tenggara was flat. Prices of 30 and 40 shrimp in West Nusa Tenggara, the country's second largest shrimp-producing province, continued to remain at IDR 97,000 and IDR 87,000/kg per kg, with 60 counted shrimp prices of IDR 67,000/kg, and prices of 80 and 100 sticks following the same trend, remaining at IDR 61,000/kg and IDR 49,000/kg for the second consecutive week.
5. Kenya's avocado export ban could be lifted in mid-February
The Kenyan government halted avocado exports on January 31 to ensure that there were no immature avocado exports. Agencies are conducting talks and field checks to determine which parts of the country have ripe fruit to harvest. Under strict measures and conditions, the ban could be lifted by mid-February. After the end of the September 2021 season, Kenya exported a total of up to 1,400,302 kg of organic Hass avocado and 960,600 kg of traditional Fuerte avocado.
6. In 2021, the total import volume of apples in mainland China was 68,000 tons, down 10.5% year-on-year
In 2021, the total import volume of apples in the mainland was 68,000 tons, down 10.5% year-on-year, and the import value was 150 million US dollars, an increase of 9.0% year-on-year. Statistics show that in 2021, the mainland imported apples mainly from New Zealand, the import volume was 39,000 tons, down 7.6% year-on-year, the import amount was 110 million US dollars, an increase of 16% year-on-year, and the proportion of apple imports from New Zealand in the total import volume of mainland apples reached 70.8%.
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