Professional Documents
Culture Documents
Volume 1, Issue 4
Week of January 16-23, 2011
Topics covered in this issue:
China:
Put 10M units of social housing program in perspective
Exuberance abound in Beijing’s housing market
Liquidity crunch again?
Power conservation continues
Other data
o QHD price declined RMB 5/ton broadly last week and inventory rose 0.09MTs to 7.16MTs
o Intracoastal freight rate weakness persists
o QHD average daily loading thus far in Jan. is 0.674MTs, 0.166MTs higher than the daily average
achieved in December. In other words, China is sending an extra CAPE per day to the South,
which may have eased the need to bid into the global seaborne market
o According to NDRC’s rule on fuel prices, as of Jan. 12, diesel and gasoline prices should have
been raised. But of course they weren’t.
Source: SHIBOR