China Manufacturing PMI’s Rose In November
Official China PMI rose from 54.7 to 55.3; The HSBC/Markit PMI rose from 54.8 to 55.3. Reading above 50 means expansion.
Large gap between PMI’s and industrial production growth.
Archive for the ‘China’ Category
Dry Bulk Weekly – November 22, 2010
Baltic dry index fell 6.8% last week; Capesize Index was down 2.4%; Panamax Index fell 13.8%; Supramax Index was down 8.4%; Handysize Index fell 5.4%.
Capsize Index started forming a bottom; Steel inventory falling; As I wrote last Monday I expect Chinese buyers returning to the market soon and substantial ramp up in iron ore imports.
A Bear In China?
Commodities imports stalling; Baltic Dry Index again collapsing; Equities sharply lower…
Dry Bulk Weekly – November 15, 2010
Baltic dry index fell 5.7% last week; Capesize Index was down 7.9%; Panamax Index rose 6.3%; Supramax Index was down 7.4%; Handysize Index was down 3.1%.
Apparently China has slowed down the rate of purchases here also. Despite falling stockpiles Chinese buying is weak which means rates are falling.
Reversal?
I’ll interrupt my blogging silence with a short update on markets. Usual service continues as scheduled on Monday.
Looks we have trading themes reversing course.
Market summary: Shanghai down; U.S. Dollar up; PIGS spreads record wide…
Dry Bulk Weekly – November 2, 2010
(For The Week Ending October 29, 2010) Baltic dry index fell 1.8% last week; Capesize Index was down 2.5%; Panamax Index rose 8.6%; Supramax Index was down 2.3%; Handysize Index was down 5.6%. Chinese demand strong, supply of available ships is enough to keep prices at current level. Chart 1. Baltic Dry Indexes Relative Performance Chart 2. […]
China Purchasing Manager Indexes Rose In October
(For October 2010) Both of the China Purchasing Manager Indexes rose in October. China Federation of Logistics & Purchasing and National Bureau of Statistics PMI (“official PMI”) rose from 53.8 to 54.8. HSBC/Markit China PMI rose from 52.9 to also 54.8. In September industrial production didn’t follow the PMI’s readings, so odds are high this month that industrial […]
China Leading Index Unchanged In September
(For September 2010) China Leading Index came unchanged from August; on year level the index is down 3.1%. Chart 1. China Leading Index vs. China GDP Quarterly Growth Chart 2. China Leading Index y-o-y Growth vs. China GDP Quarterly Growth Q3 GDP growth looks rich versus leading index; Q4 GDP growth could edge lower… China Leading Index […]
Dry Bulk Weekly – October 25, 2010
Baltic dry index fell 1.3% last week; Capesize Index was up 0.6%; Panamax Index fell 1.6%; Supramax Index was down 3.6%; Handysize Index was down 4.4%. Not much happening here. Chart 1. Baltic Dry Indexes Relative Performance Chart 2. Baltic Dry Index Chart 3. Baltic Dry Index Components Chart 4. Iron Ore Inventory At Chinese […]
China Fixed Asset Investments Rose 24.5% In September
(For September 2010) China fixed asset investments rose 24.5% In September; the consensus was at 24.6%, August reading was 24.8%. This is obviously under control. Chart 1. China Fixed Assets Investment
Industrial Production In China Rose 13.3%
(For September 2010) Industrial production in China rose 13.3% y-o-y in September; August reading was at 13.9%. The consensus was at 14.0%. PMI’s were wrong…. Chart 1. China Industrial Production vs. China PMI’s
China Retail Sales Up 18.8%
(For September 2010) China retail sales rose 18.8% in September vs. 18.5% consensus and 18.4% growth in August. Chart 1. China Retail Sales Growth
China CPI Inflation In September At 3.6%; China PPI Inflation In September At 4.3%
(For September 2010) China Consumer Price Index was up 3.6% in September, again right at the consensus. August reading was at 3.5%. China Producer Price Index was up 4.3% in September, same as in August. Consensus was at 4.1%. Again, most of the consumer price increase came from food. Both of the inflation measures rose significantly on m-o-m […]
China Q3 GDP Growth At 9.6%
(For Q3 2010) China third quarter GDP growth was reported at 9.6%, slowing down from second quarter growth rate of 10.3%. Most of the slowdown can be attributed to fixed-asset investment slowdown. I have to say I expected a stronger figure given recent rise in benchmark interest rate, so I conclude that the rate increase is mainly […]
China NDRC Property Index Rose 9.1% In September; China Property Price Growth Rate Consolidates
(For September 2010) Housing and commercial real-estate prices in China rose 9.1% in September compared with 9.3% reading in August and 8.8% consensus. Chinese government has put the price increases under control. Chart 1. China NDRC Property Price Index – House Price y-o-y