Free Trial

MNI BRIEF: China Iron-Ore Imports Up In July

MNI (Beijing)

China’s imports of iron-ore reached 103 million metric tonnes in July, up 5.3% m/m, according to customs statistics released on Wednesday.

Beijing’s inbound shipments of iron-ore now total 713 million metric tonnes during the first seven months of the year, up 6.7% y/y, accelerating from 6.2% during the first six months.

China’s pace of crude oil import decline continued to quicken, with July seeing 42 million metric tons imported, down from June’s 46 million metric tonnes, meaning total imports fell 2.4% y/y during the first seven months, from a decline of 2.3% during the first six months, statistics showed.

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.