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This has lead to rising inventories at Chinese ports, which reached 146.05 million tonnes of March 1, the highest in more than five months, data compiled by SteelHome consultancy showed louis vuitton cufflinks. [SH-TOT-IRONINV]. Imports are likely to be curbed again in March as Chinese steel mills, especially in the north, are expected to cut output to comply with tighter environmental rules to improve air quality. Vessel-tracking and port data compiled by Refinitiv suggests China will import about 71.86 million tonnes of seaborne iron ore in March..
Officials in 28 northern Chinese cities, including the top steelmaking city of Tangshan, face central government evaluations at the end of March on their performance in curbing air pollution over winter. Tangshan, which accounts for more than 10 percent of China’s crude steel output, ordered a level 1 smog alert from March 6 until further notice, forcing mills to cut output by 40 percent to 70 percent or even stop production louis vuitton cufflinks. Wu’an, another major steel producing city in Hebei province, has stepped up production restrictions on heavy industry by an extra 10 percent in March..
BEIJING (Reuters) – China’s soybean imports in February fell to their lowest monthly level in four years, as buying slowed amid uncertainties over trade relations with the United States and flat demand for soymeal, customs data showed on Friday. The world’s top buyer of soybeans brought in 4.46 million tonnes of the oilseed in February, according to data from the General Administration of Customs. That was down 17 percent from the same month a year earlier as a hefty tariff on soybeans from the United States, China’s second-largest supplier, weighed louis vuitton cufflinks.
“The low figures were still mainly because of tariffs on U.S. soybeans,” said Tian Hao, senior analyst with First Futures. “Importers did not buy lots of Brazilian beans recently either, as they were waiting to buy U.S. soybeans, amid optimism of a final Sino-U.S. trade deal,” Tian said louis vuitton cufflinks. “What is more, there were no commercial benefits to bring in Brazilian soybeans as demand was flat due to African swine fever outbreaks.”. Chinese buyers had been scooping up on Brazilian beans but such purchases have slowed recently as Beijing and Washington made major progress in trade talks, aimed at ending a lengthy trade dispute..
The February figures were also 40 percent down from 7.38 million tonnes in January, the data showed, as crushers slowed production during the Lunar New Year holiday. Soybean imports usually ease in the month of the week-long festival, which fell in early February this year, as businesses close. For the first two months of 2019, imports fell to 11.83 million tonnes, down 15 percent from the same time a year ago. Shipments this year have dropped as a highly contagious African swine fever outbreak has ravaged the world’s largest pig herd, curbing demand for soybeans for use in animal feed louis vuitton cufflinks.