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Chinese coal and iron imports slip in October

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Dry Bulk,


China’s coal imports fell to a three-month low in October, according to Simpson Spence Young, while iron ore imports fell to an eight-month low.

Coal imports were 21.6 million t in October – the lowest level since July but still a 5.6% rise year on year – Simpson Spence Young said, quoting customs data.

Imports from Australia were 5.4 million t, reflecting a year-on-year increase of 32% as both thermal and metallurgical coal shipments increased. Imports from Indonesia were also up significantly year on year at 3.3 million t – 58% increase.

Meanwhile, iron ore imports fell to 80.8 million t in October – well below September’s record imports of 93 million t – said the shipbrokers, again quoting customs data.

Australian imports fell to 49.9 million t from 60.4 million t in September, although remained 1.4 million t ahead year on year. Brazil shipped 17.9 million t to China, South Africa, 3.4 million t and Canada, 1.2 million t.

Read the article online at: https://www.drybulkmagazine.com/dry-bulk/28112016/chinese-coal-and-iron-imports-slip-in-october/

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