EV Anxiety? World’s Largest Lithium Producer Crashes On Chilean Political Storm

EV Anxiety? World’s Largest Lithium Producer Crashes On Chilean Political Storm

As we detailed earlier, as Chileans overwhelmingly chose leftist and independent candidates for the country’s constitutional convention, the new non-free-market-friendly political regime is generating a lot of uncertainly in Chilean markets.

One of the biggest equity losers on the session is Sociedad Química y Minera de Chile SA (SQM), the world’s largest producer of lithium, down more than 10% in the US cash session. 

A new left-leaning constitution could include even tighter lithium mining operations in the country. 

“Even, possibly, to the point that those old, grandfathered, licenses are revoked. Or the lithium operations (intimately tied in with the potassium and iodine ones, they’re not separable) might be taken back under direct state control. There are those, as above, who still would relitigate that initial privatization,” former Forbes writer Tim Worstall wrote in a Seeking Alpha piece in late 2020. Back then, he was writing about SQM’s path in light of a new constitution in 2021. 

Worstall added:

“The process here is a constitutional convention and it’s really difficult to predict what the end result of one of those is going to be. After all, they are, by there mere declaration of what they’re doing, insisting that they’re going to change the basic rules of the country. And SQM does have that slightly anomalous position – as does more strongly lithium mining in Chile – which means we might want to worry here.”

A new constitution could change SQM’s position in the country and even affect their legal right to mine. No wonder the stock crashed. 

Tyler Durden
Mon, 05/17/2021 – 20:30

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Taibbi: Is Slack Destroying American Companies? Q&A With Antonio Garcia-Martinez

Taibbi: Is Slack Destroying American Companies? Q&A With Antonio Garcia-Martinez

Authored by Matt Taibbi via TK News

 

Late last week, amid a Slack-driven furor over his confessional memoir Chaos Monkeys, Apple fired ads engineer Antonio Garcia-Martinez. I wrote Friday about the specific hypocrisy of Apple’s move — the company has the author of Bitches Ain’t Shit on its board but claimed it fired Garcia-Martinez as a statement of its devotion to “inclusivity” — but over the weekend spoke to Antonio about the larger issue of his case, which extends past his own predicament.

“This business of Slack at work,” he said.

After George Floyd’s death last summer, corporate leaders found themselves in an unusual position. With water-cooler conversations turbo-charged by chat programs like Slack, many firms saw outpourings of anger. Employees demanded their employers do something, or at least be seen doing something, to “confront racism.”

In some shops, employers were asked to recognize Juneteenth as a paid holiday. In others, there was a demand for more diverse hiring procedures. Significant donations to political organizations, scholarship funds, or product lines targeted to African-Americans were expected.

Responses became more idiosyncratic. Walmart, CVS, and Walgreens pledged to stop putting “multicultural cosmetic products” behind locked cases in retail outlets. YouTube deleted 100,000 videos and 100 million comments as part of an expanded hate speech policy. HBO Max took down Gone With the Wind, then restored it with a disclaimer that it showed “ethnic and racial prejudices” that “were wrong then and are wrong today.” Disney later did something similar with The Muppet Show, Lady and the Tramp, The Jungle Book, The Aristocats, Dumbo, Peter Pan, and Swiss Family Robinson.

In some places, the connections between the companies’ core businesses and structural racism were apparent. For instance, many of the banks that made the most ostentatious pledges of support for Black Lives Matter were the same firms that targeted black communities with exotic subprime mortgage products, Wells Fargo’s “ghetto loans” episode being among the more infamous.

In other places, the connection was less clear. What should FitBit be doing to fix police brutality? How could Pinterest contribute? (They ended up removing ads on Black Lives Matter search results, so readers could “focus on learning about the movement”). Was it axiomatic that every company had a political role to play?

Soon, a new type of controversy arose, ironically at some of the companies with the reputations for most progressive management. The questions were less about race than workflow. At cryptocurrency firm Coinbase, employees demanded that CEO Brian Armstrong make a statement in support of Black Lives Matter. Armstrong, for a while, demurred. Then some employees and executives began what Wired called a “virtual walkout,” in which “senior engineers encouraged junior staff to close their laptops in solidarity.”

Armstrong quickly got religion, or so it seemed. He went on Twitter to announce, “I want to unequivocally say that Black Lives Matter.” Then, within weeks, Armstrong and Coinbase leadership flipped completely, announcing that the firm would no longer engage in “social activism,” and any employee who didn’t like the new policy could get the fuck out.

Coinbase offered 4-6 months of severance (depending on service time) and six months of COBRA, in a statement saying — in the thickest corporate sarcasm — that the arrangement could be a “win-win” for the politically minded, as “life is too short to work at a company you’re not excited about.” Only about 60 of the company’s 1,200 employees took the buyout.

At another tech firm, Basecamp, CEO Jason Fried — long the owner of a rep as a progressive corporate leader, as his company has published five books on workplace culture — put the kibosh on controversial talk at work, banning “societal and political discussions.” Shopify, an e-commerce firm that broke ground after the January 6th riots by closing online stores tied to Trump or MAGA merchandise, has now become a symbol of corporate pushback. CEO Tobi Lütke just sent an email to employees explaining that work is not life and life is not work, and employee demands should be adjusted accordingly:

Shopify, like any other for-profit company, is not a family. The very idea is preposterous. You are born into a family. You never choose it, and they can’t un-family you. It should be massively obvious that Shopify is not a family but I see people, even leaders, casually use terms like “Shopifam” which will cause the members of our teams (especially junior ones that have never worked anywhere else) to get the wrong impression. The dangers of “family thinking” are that it becomes incredibly hard to let poor performers go. Shopify is a team, not a family…

Shopify is also not the government. We cannot solve every societal problem here.

There’s a Frankensteinian irony to all this. Our biggest corporations spent decades steeping the public in weird Me Generation propaganda stressing the primacy of personal fulfillment, which fast became our real national faith as traditional religion lost influence. The result was a work-centric culture most of the rest of the world looked on as a kind of insanity. Alone among peoples who have a choice in such matters, Americans have long bragged about working themselves to death, feeling real pride in putting off distractions like marriage, kids, or “meaning” as they ran hamster wheels in pursuit of status and rock-hard abs, alone and at full speed toward the great beyond.

Americans in my age group, Gen-Xers, were poorly prepared for corporate jobs in that a lot of us were somehow surprised to learn our ethnomusicology or (in my case) creative writing degrees were fairly useless for finding paying work. In conjunction with the huge sums many people borrowed to get those educations, the whole thing was a bit of a scam, though of course we should have known better.

Millennials had it worse. They attended the same academic resort spas, and were handed the same oft-preposterous degrees, but were additionally indoctrinated in affirming ideological oat-baths stressing the righteousness of their lived experiences. If the big surprise my generation faced was that our educations were worth bupkes to employers, the next generation had to deal with the shock of corporate bosses being indifferent to their emotional needs.

Meaning, we’ve come full circle. After training generations of Americans to forego personal lives and work their brains to mush in service of bigger profits, corporate leaders are waking up to find their companies staffed by people so psychologically dependent upon validation from work that they’re a net minus from a production standpoint, forcing bosses to beg them to shut up, go home, and get lives. Not many modern Americans know how to do any of those things, however, as can be seen in cases like that of Garcia-Martinez, where 2,000 employees claimed to be literally incapable of sharing a vast corporate structure with someone who once wrote a book containing passages they might have disagreed with, if they’d actually read it.

“The thought of conflating your entire political, moral, social, family, and religious being with your professional persona,” Garcia-Martinez says, “I think is extraordinarily fraught and difficult.”

Another irony: despite the progressive sheen of these campaigns, Slack agitation doesn’t represent a resurgence of labor. Unions used the strength of the whole workforce to protect the rights of the individual employee, among other things insisting that management not act without due process, evidence, etc. Slack, as has been seen in cases like Antonio’s, or the oustings at the New York Times of editor James Bennet and reporter Donald McNeil, often urges companies to bypass process and act in the heat of the moment. In any case, it’s a weird kind of liberalism that tries to override management to get employees fired, but that’s where we are in the modern American workplace.

I asked Antonio about these and other issues, from his perspective:

TK: You’ve had multiple careers, and clearly took writing seriously. How will episodes like this affect people who might try to write or take creative detours in their careers?

Antonio Garcia-Martinez: Kat Rosenfield was tweeting about this and I love her and it’s great that she’s defending me. Do you want art? People are saying, “Well, you should have realized the consequences… I feel like saying: “Do you realize if an artist went into producing their art, whatever it is, literary or nonfiction or whatever, and thought about the consequences, the art would be total shit?”

Looking at it bigger, there’s a lot of political ideologies like Nazism and communism that thought that art should be subservient to politics, and that art can only serve a political end. Those movements did not end well. I don’t think we want that in our liberal democratic society. I think that’s a bizarre ideological way of looking at the world, from the wokesters who treat this as a quasi-religion.

This is an excerpt from today’s subscriber-only post. To read the entire article and get full access to the archives, you can subscribe for $5 a month or $50 a year.

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Tyler Durden
Mon, 05/17/2021 – 20:10

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Lumber Industry Has No Interest In New Mills As They Reap Rewards Of Record Prices 

Lumber Industry Has No Interest In New Mills As They Reap Rewards Of Record Prices 

The problem with the North American lumber industry is that supply is controlled by just a few firms that can easily manipulate prices. For instance, WSJ reports lumber mills are in no rush to bring on additional capacity as they reap the rewards of consumers paying four times the average price. 

North America’s sawmills, such as Weyerhaeuser Co., West Fraser Timber Co., Canfor Corporation, Interfor Corporation, and PotlatchDeltic, are in no hurry to boost new capacity as they rake in the cash as lumber prices soar. Consumers have been on the opposite side of the stick, and soaring lumber prices added nearly $36k to the cost of building a new home in less than one year. 

Lumber executives told WSJ they “aren’t racing out to build new mills” as they are contempt with elevated prices boosting their quarterly net incomes. Usually, when commodity prices soar, new supplies flood the market, but that doesn’t seem to be the case here. 

By now, readers know soaring lumber prices have been due to a combination of factors, including record-low mortgage rates sparking a housing frenzy, home renovations, and, of course, sawmills reduced capacity at the beginning of the pandemic anticipating lower demand. 

Executives at Weyerhaeuser Co. and West Fraser Timber Co. said they would increase budgets to boost efficiency and output at their existing mills in the South, where a glut of cheap timber resides. Some executives don’t mind accumulating a surplus amount of cash as the times are good but aren’t using the money to construct new mills. 

“We are going to be ultra-cautious on what we do in those regards,” Canfor Corp. Chief Executive Don Kayne told investors last month when he announced record quarterly profits.

“We don’t mind at all having a little extra cash around for sure, considering what this industry goes through.”

Chad Hesters, who advises lumber executives and investors as managing partner in the Houston office of consulting firm Korn Ferry, told his clients not to build any mills during this cycle because “they are too late.” He said that by the time a new mill comes online, the industry’s cyclical nature could quickly turn, and new investments shift into “a good way to lose money.” 

So in the meantime, the North American lumber industry has no incentive to bring on additional capacity as they remain cautious and enjoy the fact their quarterly net income is some of the highest in years – all at the expense of the consumer. 

Source: WSJ

Why would lumber companies ruin the profit-making party with added supply? 

What’s concerning is that lawmakers on Capitol Hill are more concerned about GameStop retail daytraders in their parents’ basements than consumers paying four times the amount for lumber than a year ago. 

Will there be an inquiry when this bubble bursts too?

A Lumbear market.

Tyler Durden
Mon, 05/17/2021 – 19:50

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Biggest Shorting Of Tech Stocks By Hedge Funds In 5 Years: Goldman Prime

Biggest Shorting Of Tech Stocks By Hedge Funds In 5 Years: Goldman Prime

Last week we noted that one of the clear trends to emerge as a result of the recent horrific price action in tech stocks, was the continued aggressive selling – and shorting – of tech stocks by hedge funds. The latest weekly report from Goldman’s Prime Brokerage confirms this.

Starting at the macro level, Goldman Prime writes that the GS Prime book “was net sold for the first time in three weeks (-1.3 SDs), driven by short sales outpacing long buys 2.4 to 1. Single Names saw the largest net selling in two months, while Macro Products (Index and ETF combined) saw the largest net buying in seven weeks. Nearly all regions were net sold led by North America and EM Asia, while Europe was net bought for a 7th straight week and saw the largest $ net buying since Feb ‘18. 7 of 11 global sectors were net sold led by Info Tech, Consumer Disc, Financials, and Comm Svcs, while Health Care, Industrials, and Utilities were the most net bought.”

As noted previously, however, the real action was in the tech sector, with GS Prime noting that “Info Tech was net sold for a 4th straight week and saw the largest $ net selling in more than 5 years, driven entirely by short sales.”

Far from a one-off event, the report then notes that “the sector has seen increased shorting in 4 of the past 5 weeks (8 of the past 10), which is in contrast to long flows which have seen buying in 7 of the past 10 weeks.

Drilling down, the Goldman Prime desk reveals that 4 of the 6 Info Tech subsectors were net sold on the week, led in $ terms by Semis & Semi Equip, Tech Hardware, and IT Services, while Software and to a lesser extent Comm Equip were net bought.

As a result, and as the latest batch of 13F filings reveals, “hedge funds are now U/W Info Tech stocks by 1.5% vs. the MSCI World, the lowest level since last November and in the 2nd percentile vs. the past five years. By industry group, hedge funds are still O/W Software & Svcs by 4.7% (28th percentile) and U/W Semis & Semi Equip and Tech Hardware by 1.7% (8th percentile) and 4.4% (18th percentile), respectively.”

What is remarkable is that even as the HF sector is now positioned uniformly bearish in the tech sector, the GS Equity Fundamental L/S Performance Estimate fell for a second straight week by -1.83% between 5/7 and 5/13 (vs MSCI World TR -1.96%),
driven by beta of -1.44% (from market exposure and the market sensitivity factor combined) and to a lesser extent alpha of -0.39%. In fact, as shown in the chart below, hedge funds are now once again underperforming not only broader market indexes but are down on the year…

… while being levered to the hilt: according to GS Prime, overall book Gross leverage rose another 1.3% to 248.4% – the highest on record – while Net leverage fell -1.7 pts to 86.6% (73rd percentile one year) as a result of continued pressing of tech shorts.

In short, we are now at max pain levels for the hedge fund sector.

And in light of the recent rebound in the FAAMG sector which has moved higher in the past 3 days amid a reassessment of reflation concerns with the “transitory” camp now winning, the question – as we asked a week ago – is when will this massive one-sided short position push max levered funds over the edge, and lead to a powerful squeeze higher in the tech sector.

Tyler Durden
Mon, 05/17/2021 – 19:35

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Incoming Geomagnetic Storm Expected To Hit Earth Tuesday 

Incoming Geomagnetic Storm Expected To Hit Earth Tuesday 

This week’s solar activity report shows a geomagnetic storm watch is in effect between May 18-19. Two Earth-facing sunspots have been identified by NASA’s Solar Dynamic Observatory (SDO) satellite and could produce storms as early as Tuesday. 

NASA designated the sunspots as AR2822 and AR2823 and are Earth-facing. 

Space Weather’s Tony Phillips wrote:

“Minor G1-class geomagnetic storms are possible on May 18-19 when a pair of coronal mass ejections (CMEs) is expected to hit Earth’s magnetic field.

“The two CMEs left the sun on consecutive days: One from sunspot AR2822 on May 13th, the next from sunspot AR2823 on May 14th.

“Individually, the CMEs appear to be weak and insubstantial; however, they could add up to a geomagnetic storm when they arrive in quick succession this Tuesday.”

Sunspots are mostly harmless, but the resulting solar flares that bombard Earth’s magnetosphere could produce a stunning light show in the sky as the atmosphere deflects the solar particles. If a geomagnetic disturbance is strong enough, it could disrupt satellite communication, GPS signal, land-based communication equipment, and power grids. 

So far, the Planetary K-index (real-time solar activity provided by SolarHam) that measures the intensity of a geomagnetic storm shows lower solar activity on Monday morning but is expected to surge on Tuesday. 

SolarHam’s Planetary K-index is estimated to jump to 5 on Tuesday. 

Expect geomagnetic disturbances at higher latitudes. 

Tyler Durden
Mon, 05/17/2021 – 19:10

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GOP Chair Elise Stefanik: Justice Department Is “Trying To Block” Maricopa County Audit

GOP Chair Elise Stefanik: Justice Department Is “Trying To Block” Maricopa County Audit

Authored by Jack Phillips via The Epoch Times,

Rep. Elise Stefanik (R-N.Y.), who was recently elected as the House Republican Conference chair, said the Department of Justice’s questions about the Maricopa County, Arizona, audit of the 2020 election may be unconstitutional.

On May 5, the Justice Department sent a letter to Arizona Senate leader Karen Fann, a Republican, inquiring about the custody of the ballots under review by a group of private contractors, alleging that the group’s other processes—including the canvassing of addresses—could be considered “voter intimidation.”

“I support that audit,” Stefanik said after being asked about it in a Fox Business interview on May 16.

Transparency is good for the American people. And again, this should be a nonpartisan issue, whether you are Republican, Democrat, independent, or conservative, transparency is important, and the audit was passed by the Arizona state Senate.”

Stefanik later said that the “Biden Department of Justice is trying to block that audit,” which, she said, “is unconstitutional from my perspective.”

“Our states, constitutionally, are responsible for writing states’ constitution law,” she said.

Pamela Karlan, principal deputy assistant attorney general with the Justice Department’s Civil Rights Division, wrote to Fann that “the proposed work of the audit raises concerns regarding potential intimidation of voters.”

Fann replied that the plan by election auditors to verify the validity of certain voters had been placed on hold.

“If and to the extent the Senate subsequently decides that canvassing is necessary to the successful completion of the audit, its vendor will implement detailed requirements to ensure that the canvassing is conducted in a manner that complies fully with the commands of the United States Constitution and federal and state civil rights laws,” Fann wrote earlier this month.

Stefanik’s comments on May 16 came just days after Dominion Voting Systems and Maricopa County officials said they wouldn’t provide passwords for election machines in Maricopa County. Dominion said it would comply with the audit, but that Cyber Ninjas – the company hired by the Arizona state Senate – isn’t accredited by the U.S. Election Assistance Commission.

The Department of Justice didn’t respond to a request for comment by press time.

Stefanik was approved last week in a vote by House Republicans to become the Republican Conference chair—the party’s No. 3 position in the House. She took over after GOP lawmakers voted to remove Rep. Liz Cheney (R-Wyo.), a frequent critic of former President Donald Trump, from the position.

Stefanik received support from Trump as well as other House GOP leaders.

Tyler Durden
Mon, 05/17/2021 – 18:50

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Biden Voices Support For Gaza Ceasefire In Netanyahu Call As More Rockets Fired From Lebanon

Biden Voices Support For Gaza Ceasefire In Netanyahu Call As More Rockets Fired From Lebanon

The crisis in Gaza has entered its second week of fighting, with the death toll in Gaza as of Monday topping 200 from unrelenting Israeli airstrikes, and in Israel ten civilians have been killed due to Hamas and Islamic Jihad rocket fire. Under mounting criticism for lack of any significant diplomatic action coming out of Washington, the White House for the first time has issued a statement in support of a ceasefire

In a Monday phone call with Israeli Prime Minister Netanyahu, Biden first relayed the usual support of “Israel’s right to defend itself against indiscriminate rocket attacks,” while also urging every effort on the part of Israel’s military to protect civilians. According to the readout, “The President expressed his support for a ceasefire and discussed U.S. engagement with Egypt and other partners towards that end. The two leaders agreed that they and their teams would remain in close touch.”

According to late Monday reports from the Times of Israel, a diplomatic source “familiar with the efforts to broker a ceasefire” says that “we’re close” and that something firm is likely to be reached in “two days maximum.”

The statement comes after Blinken earlier referenced a “quiet” initiative going on behind the scenes for a ceasefire, typically done with Egypt taking a central role in talking to Hamas. The Associated Press detailed:

Speaking in Copenhagen, where he was making an unrelated tour of Nordic countries, U.S. Secretary of State Antony Blinken ticked off other, quieter U.S. outreach so far to try to de-escalate hostilities in the Gaza Strip and Israel, and said he would be making more calls Monday.

“In all of these engagements we have made clear that we are prepared to lend our support and good offices to the parties should they seek a cease-fire,” Blinken said.

The clock is ticking given that late Monday there was another incident along Israel’s northern border with Lebanon. Many have feared that a huge, disastrous escalation is possible if Hezbollah opens up a new front, which is thought unlikely at this point. 

For the second time in days projectiles have been fired toward Israel from southern Lebanon by unknown entities, with the Israeli military confirming six rockets were fired but failed to make it across the border.

The army responded by shelling areas that it said was the source of the firing – which sets up the possibility or likelihood of further retaliation from militants in southern Lebanon. The region is certainly a Hezbollah stronghold, but multiple Palestinian militant groups have long operated from there as well.

Meanwhile the violence looks to continue, with little that’s firm regarding “closeness” to reaching a ceasefire agreement actually on the horizon…

Tyler Durden
Mon, 05/17/2021 – 18:30

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Daily Briefing: Diego Parrilla: Crypto in the Crosshairs?

Daily Briefing: Diego Parrilla: Crypto in the Crosshairs?

Diego Parrilla, portfolio manager at Quadriga Asset Managers and the author of “The Anti-Bubbles,” joins Real Vision crypto editor Ash Bennington for a timely examination of the turmoil in the crypto market. Parrilla draws upon his experience in traditional capital markets to analyze crypto’s recent volatility as Bitcoin touches a three-month low.

Tyler Durden
Mon, 05/17/2021 – 14:00

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MGM Spikes On Report Amazon Wants To Buy It

MGM Spikes On Report Amazon Wants To Buy It

MGM stock spiked after hours following a report from The Information that Amazon is in talks to buy the hospitality and entertainment giant. The move would be Amazon’s biggest move yet to expand in entertainment, the Information said, and is likely pursuing MGM’s extensive content library.

According to the source, the status of the discussions with MGM, which owns a major film library, with interests in the long running James Bond franchise as well as other well known titles such as Rocky and Pink Panther, is unclear and it’s possible no deal will result, however even if there is no deal, other companies have also been looking at making a bid.

MGM stock spiked as high as $41 after hours before retracing gains although with 4.3% of the float short, should the news gain traction, it is likely that a squeeze could push it well higher.

Tyler Durden
Mon, 05/17/2021 – 18:15

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Port Of LA Volumes Are “Off The Charts”

Port Of LA Volumes Are “Off The Charts”

By Kim Link-Wills of Freight Waves,

The Port of Los Angeles continued its record-setting streak, posting the busiest April in its 114-year history.

“It’s truly been an unprecedented run here in LA,” Executive Director Gene Seroka said during a media briefing Thursday.

The Port of LA handled 946,966 twenty-foot equivalent units (TEUs) in April. “That’s a 37% spike compared to last year, when global trade dropped with the onset of the pandemic,” Seroka said. “This was by far the busiest April in the port’s 114-year history, outpacing the previous record set just back in 2019 by a hefty 29%.”

He said the port has recorded nine consecutive months of year-over-year volume increases following 11 straight months of declines. “Remarkably, we have continued to average 900,000 TEUs per month dating all the way back to last July.”

The port handled 89 container ships last month, up from 76 in April 2020. And those vessels are being handled efficiently, Seroka said. “We averaged 16 container vessels per day at berth last month. Please remember, before the surge our average was only about 10.”

Port congestion also has eased, according to Seroka. 

“We’ve seen as few as 13 container vessels at anchor in the San Pedro Bay over recent days,” he said, noting there were 17 ships at anchor, with eight of them bound for the Port of LA, as of late morning Thursday.

“Another encouraging sign: Fewer ships are going straight to the holding area. We’ve dropped from 90% in February to 65% of vessels heading straight to anchor in the month of April. Average wait time is now 6.7 days after peaking out at 7.9 days in March,” Seroka said. 

He noted that nine vessels were at anchor on April 30, representing an additional 132,000 TEUs that will be included in the May numbers.

Although congestion has eased, imports haven’t let up, Seroka said, reporting April import volume totaled 490,127 TEUs, a 32.4% year-over-year increase. 

“Exports, however, continue to drag, with less than 115,000 TEUs on that side of the ledger, down 12%. Exports have now dropped 27 of the last 30 months here at Los Angeles,” he said. 

“April’s import-export ratio was almost 4.3-to-1, which unfortunately is the highest gap we’ve seen yet,” Seroka said. “And the scramble for empties continues, with over 342,000 empty container units repositioned back to Asia in April. That’s just a few thousand TEUs shy of last month’s all-time record” and an 81.6% increase from April 2020.

The figures for the first four months of 2021 are “off the charts,” he said. “We handled more than 3.5 million TEUs, a 42% increase compared to 2020.”

Seroka noted that total volume from Jan. 1 to April 30 was up 20% compared to the same period in “less-volatile” 2019.

Tyler Durden
Mon, 05/17/2021 – 18:10

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