Skip to main content

Update on China’s iron ore imports

Published by
Dry Bulk,


China’s February imports of iron ore fallen 16% since January.

According to data from General Administration of Customs, the country’s imports decreased to 84.27 million t. In comparison, January’s imports were 100.34 million t.

More recently, on 6 March, the delivery of iron ore to China’s Qingdao port .IO62-CNO=MB fell 0.3% to US$75.84/t. This is the weakest it has been since 5 February.

While January and February imports rose 5.4% from 2017, the Lunar New Year break in mid-February affected the iron ore imports, as it curbed industrial demand. Similarly, steel mills have been forced to cut production in order to meet government restrictions, with the intention of improving air quality.

Wang Di, CRU Analyst in Beijing, stated: “We can just take the January and February data together (given the holiday) and the average is around 90 - 95 million tpm, and that’s still very strong.”

Di expects iron ore imports to remain high over the following months, due to seasonal demand in March and April.

Read the article online at: https://www.drybulkmagazine.com/dry-bulk/09032018/update-on-chinas-iron-ore-imports/

You might also like

Kabel Schlepp

WEBINAR - Key criteria to ensure proper selection of a cable drag chain

In this webinar KabelSchlepp will review and discuss the items needed to ensure that a cable track is properly selected and sized for the user’s application. How diameters and weights of the fill package effect cable track selection and how the jacket material of the fill package influences the cable track design. Register for free today »

 

Teck and CN announce rail shipping agreement

CN and Teck Resources Limited has announced a long-term rail agreement for shipping of steelmaking coal from Teck’s four BC operations between Kamloops and Neptune Terminals, and other west coast ports.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Iron Ore news


 

Dry Bulk is not responsible for the content of external internet sites.