News Column

Jan-Jul Major Bulk Goods Import Up, Price Down

August 8, 2014

BEIJING, August 8, SinoCast -- China'sGeneral Administration of Customs announced import volume of major bulk commodities increased in the first seven months of this year, but average import price dropped.

Import volume of iron ores hit 540 million tons, growing 18.1%, and average import price was CNY 699.7 a ton, falling 14.5%. Import volume of crude oil hit 180 million tons, growing 7.2%, and average import price was CNY 4,798.5 a ton, falling 1%; Import volume of soybeans hit 41.682 million tons, growing 20.2%, and average import price was CNY 3,630.9 a ton, falling 3.9%. Import volume of steel products hit 8.469 million tons, growing 5.8%, and average import price was CNY 7,673.4 a ton, up 2%.

In addition, import volume of coal hit 180 million tons, falling 2.2%, and average import price was CNY 483.8 a ton, down 14.9%. Import volume of refined oil hit 17.126 million tons, falling 31.1%, average import price was CNY 4,951.9 a ton, up 0.6%. China imported 828,000 cars, growing 29.8%.

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Source: Sinocast Investing & Securities Beat (China)

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