Ovvero: Pararsi un po' il cul* in questo pazzo pazzo mondo di carte filigranate, iperfinanza globalizzata e picco delle risorse

mercoledì 9 dicembre 2015

Durden: Behold The Deflationary Wave: How China Is Flooding The World With Its Unwanted Commodities

Guardando questa grafica degli Import-Export cinesi, con gli import in rosso da dicembre scorso, un annetto buono ormai, si e' tentati di dire che tutto il macello nelle commodities sia dovuto a loro (fino a ottobre scorso il petrolio stava ancora a 80 dollari al barile). Ed ora Bloomberg (riportato dai Tylers) parla di commodities in uscita dalla Cina, acciajo, alluminio e derivati del petrolio, lavorati in Cina ed ora non necessari al paese. 

Comunque qui si parla di acciajo e alluminio e petrolio ... vale anche per oro, argento, commodities alimentari.. rame, nickel ... ? 

As Bloomberg notes, shipments of steel, oil products and aluminum are reaching for new highs, according to trade data from the General Administration of Customs. 
That’s because mills, smelters and refiners are producing more than they need amid slowing domestic demand, and shipping the excess overseas.

The flood is compounding a worldwide surplus of commodities that’s driven returns from raw materials to the lowest since 1999, threatening producers from India to Pennsylvania and aggravating trade disputes. While companies such as India’s JSW Steel Ltd. decry cheap exports as unfair, China says the overcapacity is a global problem. 
The flood of Chinese supplies is roiling manufacturers around the world and exacerbating trade frictions. The steel market is being overwhelmed with metal from China’s government-owned and state-supported producers, a collection of industry associations have said. The nine groups, including Eurofer and the American Iron and Steel Institute, said there is almost 700 million tons of excess capacity around the world, with the Asian nation contributing as much as 425 million tons. 
Low-cost supply from China in Europe prompted producer ArcelorMittal to reduce its profit forecast and suspend its dividend. India’s government has signaled it’s planning more curbs on steel imports while regulators in the U.S. are planning to lift levies on shipments from some Chinese companies. (...) 

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