- Chinese president's visit to Russia in focus
- Chinese oil majors set to unveil 2023 output plans
- Chinese steel production is likely to rise in March
- Asian thermal coal prices likely to rise
- Rains forecast to bring some respite to India's wheat crop
This week, the markets will be keenly watching the outcome of Chinese President Xi Jinping's state visit to Russia on March 20-22.
During the visit, Russia and China are likely to discuss military and energy cooperation and sign two major agreements.
Back in China, the state-owned oil and gas companies will release their 2022 financial and operational results and share their production plans for this year.
The data will provide markets a glance at the country's import appetite and export capacity following the easing of the pandemic restrictions.
Meanwhile, South Korean petrochemical producers and oil refiners are diversifying their naphtha feedstock supply by importing from Tunisia and Algeria, as the country shuns purchasing crude products from Russia.
In Asian thermal coal, offer prices are likely to remain elevated ahead of the Ramadan holiday, which is expected to impact output in Indonesia.
In metals, Chinese steel production is likely to rise for the remainder of March, in line with seasonal demand recovery.
Over in agriculture, India's wheat harvest continues to grab the attention of the global grains market, as recent heat wave warnings raised concerns over the country's wheat output.
Wheat exports from India are expected to remain limited this year as well, amid an existing export ban.
However, forecast rains in coming days are likely to provide relief.
I am Fred Wang, thank you for kicking off your Monday with S&P Global Commodity Insights.