At Centersource Technologies AB we are committed to the highest standards of ethical research and data integrity, guided by the ESOMAR Code of Conduct. Our data is sourced from a limited, anonymous market survey conducted with trusted and established industry participants. The insights derived from this survey reflect aggregated finalized prices as well as observed prices reported within the participants respective markets, with a focus on the highest prices recorded during the first two weeks of each month. These insights are provided for informational purposes only and are intended to indicate market trends rather than serve as comprehensive or fully representative market data.
In adherence to ESOMAR's principles, we ensure that all data collection and analysis are conducted with transparency, respect for confidentiality, and strict compliance with ethical guidelines:
- Data Sourcing and Methodology:
We exclusively use data from government, customs, or government-affiliated websites to maintain reliability and public integrity. In addition, we engage directly with industry experts to gather real-time, firsthand information. Each data point is collected, verified, and aggregated following established ethical standards, ensuring that our research processes meet the rigor recommended by ESOMAR. - Transparency and Accuracy:
All data are published promptly as they become available from the source, ensuring that our insights remain current and reflective of on-ground market dynamics. We actively seek and incorporate regular feedback from industry experts, which allows us to make real-time adjustments and continuously improve the accuracy and reliability of our data. - Ethical Data Usage and Third-Party Material:
Our adherence to the ESOMAR Code of Conduct underscores our commitment to ethical research practices. We maintain strict controls over data sharing and usage; copying or distributing our data is prohibited under our company policy. Furthermore, all necessary agreements are in place for any third-party material used, ensuring full compliance with copyright laws and industry best practices. - Limitation of Liability:
While we strive to provide high-quality, timely market insights, the data is derived from a limited sample and should be interpreted within that context. We are not liable for any damages arising from the use of this data, as it is provided solely for informational purposes and as a directional indicator of market trends.
By integrating ESOMAR's ethical guidelines into our research methodology, we ensure that our practices are transparent, respectful of data confidentiality, and aligned with internationally recognized standards. This commitment not only reinforces the credibility of our insights but also builds trust with our stakeholders and industry partners.
China's commodity imports signal economic struggles ahead
Posted on August 14, 2024 |
China's major commodity imports slowed in July, with crude oil arrivals dropping to their lowest in nearly 2 years, while iron ore, coal, copper, and natural gas imports stayed mostly steady.
Crude oil imports fell to 9.97 million barrels per day in July, the lowest since September 2022, continuing a downward trend this year.
For the first seven months of 2024, China’s crude oil imports averaged 10.90 million barrels per day, down 2.9% from the same period in 2023, despite predictions for increased demand.
Industry groups like OPEC and the IEA still expect China to drive global oil demand growth in 2024, with OPEC forecasting a 760,000 barrels per day increase and the IEA predicting China will account for 40% of global demand growth.
Iron ore imports were 102.81 million metric tons in July, a 5% increase from June, with daily arrivals slightly up to 3.32 million tons from 3.25 million in June.
Despite minor monthly changes, China's iron ore imports have remained consistent, averaging around 3.3 million tons per day in recent months.
China, which consumes about three-quarters of global seaborne iron ore, shows steady demand with little variation in its import patterns for this key steel raw material.