There are disruptions in global trade that are tracked in the daily newsletter.
The data for May will be released on Thursday and it is expected to show the extent to which the easing of the virus outbreak affected commodities markets.
Expectations for a resurgence in demand from the world's biggest crude buyer is one of the main drivers boosting oil at the moment. Last month's oil import numbers will be closely watched for any signs of a rebound in consumption.
The market will have to wait a bit longer to find out how much Russian crude China is buying due to the fact that a breakdown of imports by country won't be released until later in June. Fuel export figures may show how much scope there is for Asia's biggest refiner to help ease global shortages of diesel and gasoline.
It will be interesting to see if Chinese aluminum exports had another good month. Growing shortages of the so-called everywhere metal and more sales to sanctions-hit Russia caused shipments to jump to the second- highest total on record in April.
Iron Ore imports from China will be watched to see if a recovery rally can be sustained. It's possible that Beijing's pledges to ramp up infrastructure spending triggered more purchases from steel mills last month
This year has seen an increase in China's import levels of soybeans, which are in demand due to a global food shortage. The largest economy in the world is dependent on soy. In the first four months of the year, Chinese fertilizer exports were down as the country prioritised domestic needs.
There will be steel and rare earth exports on Thursday. There will be a breakdown of the oil import figures by country on June 18.
Unless shown differently, Beijing is shown all the time.
After two years of record exports, Chinese manufacturers are starting to feel the pinch as consumers in their biggest markets curb spending and Covid lockdowns drive customers to competitors in the region.
The growth of shipments from China is expected to slow considerably.
The General Administration of Customs is located in China.
| Copper +0.2% in Shanghai | Crude oil flat in Shanghai |
| Aluminum -0.3% in Shanghai | Nickel +0.5% in Shanghai |
| Iron ore -1.3% in Dalian | Steel rebar +0.8% in Shanghai |
| Thermal coal no price available | Coking coal +1.8% in Dalian |
| Live hogs +0.1% in Dalian | Corn +0.5% in Dalian |
China Grain Reserves Group is buying wheat for national reserves at a 30% higher price than the minimum purchase price, showing the government's determination to bolster production at a time of global shortage.
On Thursday, June 9th.
Friday, June 10th.
Andrew Janes, James Mayger, and Sarah Chen assisted.
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