Free Trial

MNI BRIEF: China Iron Ore Imports Expected To Fall In August

MNI (Beijing)

China’s iron ore import growth is expected to turn negative in August m/m following July’s 5.3% increase, analysts from the Shanghai Metals Market said in a note on Thursday.

Inbound shipments will slow on softer steel demand during the off-season and steel mills reducing loss-making production. Additionally, some international mines are conducting maintenance which has cut shipping volumes.

Imports increased in July as overseas miners ramped up end of quarter deliveries, along with strong pig iron output and a fall in iron ore prices, the analysts noted.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.