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about Sino-American "trade relations"

Quora | Why does China import soybeans from the US?

May 2018, pulp rag: The world's biggest soybean importer, China has nearly tripled its imports from Russia, according to Bloomberg. Russian trade data show the country sold 850,000 metric tons of soybeans to China between July 2017 and mid-May this year....
Oct 2018, trade rag: If you thought it was odd that Egypt was the number one buyer of soybeans in July, you might want to sit down. The top buyer of U.S. soybeans in August 2018 was Iran. ...
Aug 2019, gov rag: With the arrival of African Swine Fever in China in mid-2018 along with the ongoing trade dispute, a steady decline in China's soybean import volume has been observed with imports currently forecast to reach 83 million tons in 2018/19, 11 million tons below 2017/18.  If not for the increase in demand from other markets, spurred in part by lower prices, the current trend in global soybean trade would have turned negative. ...
History of Soy in the Middle East
Quora | Why doesn't Russia just sell more oil and gas to China since they are two of the world's largest exporters and importers, respectively? Russia would mitigate Western sanctions and China would rely less on sources that are politically unstable.
2008-2018, EU28-CN-US: gross vol and value, commodity
2018 CN: Top 15 trading partners, gross vol and value
2019 RU: Top 5 trading partners, gross vol and value
US-RU: 1992-2019 gross value
Russia-China to discuss growing energy ties amid global trade uncertainty: Russia remained China's top crude oil supplier in 2018, CNPC and CNOOC agree to take 10% each in Novatek's Arctic LNG 2, CNPC 20% stake in Yamal LNG.
China-Russia gas pipeline construction begins new phase

Quora | Is there evidence that China is buying Iranian oil?

Iran is a founding member of OPEC and the OPEC open market Reference Basket (ORB).
Iran Crude Oil Production gross BBL/D/1K, 1973-2019 (e)
April 2019: inventory, China, India, S. Korea  
May 2019: crude stock draws, Russia, intermediaries, refiners
July 2019: JCPOA signatories reaffirm commitment to Iran nuclear deal
Aug 2019: minimum vol, INSTEX settlement
Defying U.S. Sanctions, China and Others Take Oil From 12 Iranian Tankers
US Side-lined
China and Russia are signatories of the Joint Comprehensive Plan of Action (JCPOA). The treaty modified Iran's nuclear programme in exchange for termination of sanctions by UNSC and EU regulation. Neither JCPOA terms of agreement nor UNSC and EU instruments stipulate sanctions against oil trade with Iran.
The US unilaterally withdrew from JCPOA 8 May 2018. The US terminated US sanctions relief for Iran and reasserted primary and secondary sanctions against third-parties contemplating trade Iran 6 Nov 2019. Now the KSA and Russia control supplies.

Diversity is the key to economic and political evolution.
by Cat on Sun Aug 25th, 2019 at 01:34:11 AM EST

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