Iron ore prices have soared to a nine-year high driven by strong government stimulus measures in China and constrained Brazilian supply, but the elevated prices seem to have a limited effect in pushing miners to increase supplies due to many factors. Our data shows that, in 2020, seaborne iron ore exports to all countries increased 3.2% to 1,574 Mt. The top four iron ore producers (Rio Tinto, Vale, BHP and FMG), which account for 69.7% of the global seaborne market share in 2020, had their total exports almost flat in both Q4(288.2 Mt) and the past year(1098 Mt).
Overnight on Tuesday, the container Ship Ever Given ran aground in a southern part of the Suez Canal, a rare event in the history of the waterway. The potential for a rapid build-up of liquid and gas tankers in the region is marked with multiple laden vessels now indicating delays for Suez transit. As of Wednesday morning there were seven vessels carrying crude, 15 carrying refined products, five LNG vessels and two LPG carriers either sat waiting or approaching the canal. While attempts to clear the ship from the canal continue, this queue will continue to build. A salvage squad from the Netherlands will attempt to dislodge the ship beginning Thursday.
Accurately tracking flows of cargoes in commodity markets has been a challenge for a long time. Kpler has been a pioneer in developing the technology to accurately track commodity market flows. However, some countries are using a variety of techniques to disguise some cargo movements such as switching AIS signals or Ship to Ship transfers. Kpler team of analysts are able to identify these bringing light to the hidden moves of the market.
Wholly owned by Saras, the Sarroch refinery is one of the largest in Europe, accounting for over 20% of Italy’s total refining capacity, with maximum throughput of 300 kbd. The refinery delivers much of its output to Italy (25%), Spain (10%) and France (12%), making it a prescient indicator of European oil consumption.
Here's an example on how to leverage Kpler's data. In the case-study below, the olefins desk analysts show how to use our data to examine the progress of Morgan's Point terminal.
Kpler's products are built and enhanced within our Paris and Singapore locations, comprising more than 35 engineers and data scientists. Gen Yang represents a key part of this development team. Originally born in China, Gen moved to France at the age of 14 before eventually going on to obtain his PhD in machine learning (Université de Technologie de Compiègne).
Having up to the minute visibility on market developments is key to predicting movements in supply and demand that can impact price. As market players try to keep track of the country’s imports in near real time, many struggle to do so due to the increase in the use of dark vessels shipping sanctioned oil. We uncover how China imports from Iran has increased and how you how to track these to gain an edge in the market.
The release of a new grade of oil influences supply and demand. Market players and financial players need to plana head of market movements to minimise potential negative impact and maximise profit. In these circumstances there is always a layer of uncertainty with regards to how these events can unfold. Here we will look at Iraq's Basrah Medium as an example and what happened in similar past events and how players can prepare ahead.