Theres no way to sugar-coat the worst-ever reading of Chinas manufacturing indexes, which were pummelled as the economy was largely shut down in February as Beijing battled to contain the coronavirus epidemic. The Caixin/Markit manufacturin

The sharp slump in global crude demand, China in particular, due to the coronavirus outbreak has compelled several trading companies and cargo-holders to resort to floating storage, mainly on VLCCs, for up to six months in Singapore and els

On February 25, 19,900 tons of crude oil completed the import customs clearance formalities from the Qingdao Dongjiakou Port crude oil bonded warehouse, and was exported to Shandong local oil refineries for further processing and production

Saudi Arabia will reduce term crude supplies to China sharply next month as the coronavirus outbreak slashes demand in the words top oil importer. It comes as Riyadh prepares to join Opec and non-Opec allies to discuss deeper production cut

Chinas iron ore futures rose on Monday for a tenth straight session, their longest winning streak since June 2016, on hopes that Beijing would take more steps to support an economy jolted by a coronavirus outbreak. Iron ore on the Dalian Co

The daily coal burn rate at Chinas six major coastal power plants has come in today at 421,000 tons. This is 7% higher than was seen yesterday and marks the strongest burn rate seen since January 30th. Compared to the start of the year, thi

State-owned oil and gas companies are ramping up efforts to help domestic companies resume production to ease the impact of the novel coronavirus outbreak and maintain economic stability. China National Petroleum Corp, the countrys largest

Iron ore futures in China extended gains to a fifth straight session on Monday, underpinned further by data showing a drop in stocks of the steelmaking raw material at the countrys ports, and after the central bank cut its medium-term lendi

Calculating the exact impact on commodity markets from the coronavirus epidemic in China is still a fraught process, with too many unknown variables, but there are some early signs of the effect on physical shipments. Chinas imports of crud

The amount of molten iron daily production affected by maintenance at steelmakers has climbed from 78,700 mt to 220,000 mt over the extended Chinese New Year holiday that ended on February 9, according to a SMM survey, as more mills scale b

Futures for Chinas steel products and ferrous raw materials rallied on Tuesday, with iron ore rising the most in seven months, as sentiment was lifted by data showing a decline in the number of new coronavirus cases. While the death toll fr

Energy Following the Lunar New Year, the impact that the coronavirus is having on oil demand is becoming clearer. The latest data (from Sublime China Information) shows that refinery run rates for independent refiners in Shandong stood at 5

The Shanghai International Energy Exchange announced to temporarily suspend the nighttime trading of crude oil futures and natural rubber futures for the prevention and control of the novel coronavirus. China launched crude oil futures and

Chinese oil demand has dropped by about 3 million barrels a day, or 20% of total consumption, as the coronavirus squeezes the economy, according to people with inside knowledge of the countrys energy industry. The drop is probably the large

Chinas coal imports are likely to show an impressive bounce in January after customs delays crimped December clearances, but questions remain as to the outlook for 2020 as a whole. December imports were just 2.27 million tonnes, according t