Global trade growth may slow down in the first half of 2019: WTO

Trade tensions, political risks and financial volatility will continue to pressure global trade, and trade weakness is likely to extend into the first quarter of 2019, the World Trade Organization (WTO) cautioned. The global trade watchdog’s latest World Trade Outlook Indicator (WTOI) was 96.3, the weakest since March 2010 and below the baseline value of […]

Read more

Chinese LNG imports reach record level; importers nervous

China’s liquefied natural gas (LNG) imports broke another record last month amid rising stockpiles that made some importers nervous, Reuters reports, citing industry sources as well as vessel-tracking data. The January 2019 total reached 6.55 million tonnes, up by 2 per cent from the previous record set in December. However, the winter turned out milder than […]

Read more

China’s economic slowdown to put pressure on soft commodities, says Rabobank

There might not be immediate changes in soft commodity fundamentals due to a slowdown in the Chinese economy, but the downward pressure will be felt globally, Rabobank said in a report. “The stock market developments have led the prices for commodities which are imported in China, to decrease substantially. Financial investors are shifting money around […]

Read more

China transition fraught with uncertainties due to trade, commodities spillover – IMF

China’s transition to a slower yet more sustainable growth path would benefit global growth, but the transition is still fraught with uncertainty and likely to entail significant spillovers through trade and commodities, the International Monetary Fund (IMF) said. It said in a note ahead of the G20 meeting in Shanghai that the economies most exposed […]

Read more