Latest news with #seaborne
Bloomberg
a day ago
- Business
- Bloomberg
Falling Australian Iron Ore Quality Sparks Grade Benchmark Tweak
The iron ore industry's key pricing benchmark for seaborne cargoes will be lowered as the quality of supplies from biggest exporter Australia worsens. Platts, part of S&P Global Commodity Insights, will in January change its IODEX iron ore benchmark to 61% iron content from the current 62%, according to a notice to members on Tuesday. It also plans to update its 62.5% China iron ore spot lump premium benchmark to 62%.
Bloomberg
21-05-2025
- Business
- Bloomberg
Global LNG Suppliers Wager That China's Demand Slump Is Fleeting
Global gas giants are betting the current lull in Chinese demand is temporary, and that the country will underpin their multibillion-dollar investments for years to come. China's gas imports have fallen in 2025, a decline centered on seaborne shipments of liquefied natural gas that slumped 22% through April from the previous year. Demand for LNG — the fuel carried in super-chilled tankers — is headed for its first annual drop since the height of the pandemic, just as new export projects are slated to come online, led by the shale gas fields of the US.
