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Showing 11 - 20 of 531 results for "imports"

Chief economist update: Iron ore is the glue that binds China and Australia

BENJAMIN ONG  |  TUESDAY, 11 MAY 2021
... underneath the iron ore's price. Demand comes from China - the world's biggest consumer (69.1% of total world iron imports) - where crude steel production continues surge (up by 19.1% in the year to March from 12.9% in the January-February period) ...

Go, iron ore, go

BENJAMIN ONG  |  WEDNESDAY, 28 APR 2021
... manufacturers would crimp demand for iron ore. But this had been negated by rising demand elsewhere. Reuters points out that "imports by the rest of the world are rising, with ex-China arrivals estimated at 41.25 million tonnes in March, up from 34.43 ...

Chief economist update: ScoMo cannot miss new vaccination target

BENJAMIN ONG  |  TUESDAY, 13 APR 2021
... and services to the tune of $7.5 million in February, notwithstanding China's restrictions on a number of Australian imports. The Australian Bureau of Statistics' (ABS) latest report on job vacancies provide a good forward view of the domestic ...

Chief economist update: Strike while iron ore cools

BENJAMIN ONG  |  FRIDAY, 26 MAR 2021
... continued price gains backed by strong demand from China - - the world's biggest consumer ((69.1% of total world iron imports) - strengthening economy and its growing demand for steel as it proceeds onwards with its industrialisation and urbanisation. ...

Chief economist update: Iron ore is hot

BENJAMIN ONG  |  WEDNESDAY, 20 JAN 2021
... billion tonnes of steel, a breakthrough as it is the first time the 1 billion mark has been exceeded". China's iron ore imports rose by 1.17 billion tonnes in 2020, beating the 1.08 billion tonnes recorded in 2017. The recent resurgence of COVID-19 ...

Chief economist update: Yuan the victim of China's success

BENJAMIN ONG  |  FRIDAY, 15 JAN 2021
... coming months given the re-growth of cases of infections in a number of countries. A smaller 6.5% year-on-year increase in imports sent China's trade surplus to a new record high of US$78.17 billion in December 2020. The yuan's sharp appreciation ...

Chief economist update: Australia is out

BENJAMIN ONG  |  THURSDAY, 3 DEC 2020
... and profits, prompting increased investment in building and structures, equipment and staff. The sharp 6.5% increase in imports - for a negative 1.2 pps contribution to growth - further underscores the strength of domestic household spending, "predominantly ...

Chief economist update: David Australia versus Goliath China

BENJAMIN ONG  |  WEDNESDAY, 2 DEC 2020
... ban on four Australian abattoirs citing infringements on beef products; China imposed an 80% tariff on Australian barley imports because it has been imported against trade rule; China's Ministry of Culture and Tourism advised its population not to ...

Chief economist update: It's looking up for the land down under

BENJAMIN ONG  |  WEDNESDAY, 25 NOV 2020
... goods trade surplus of $4.84 billion (original, current price, merchandise trade basis)". This is despite Australian goods imports increasing by more: "Imports of goods in October 2020 increased $1,978 million (8%) to $25,692 million," the ABS said. ...

Chief economist update: Iron ore to reduce Aussie deficit

BENJAMIN ONG  |  TUESDAY, 24 NOV 2020
... but this is because of the increasing momentum in China's - the biggest iron ore consumer (69.1% of total world iron imports) - economic recovery. China's success in containing the virus post-haste and subsequent lifting of restrictions on social ...