The majority of China’s major bulk cargo imports declined year-on-year in the first five months of 2015, according to statistics published by Chinese customs on 8 June.
From January to May, China’s coal imports slumped 38.2% y/y to 83.3 million tonnes, with average prices down 20.2% y/y to CNY392.10 (USD63.20) per tonne.
More than 90% of the country’ coal imports are seaborne, according to China National Coal Association.
Iron ore imports dipped 1.1% y/y to 378 million tonnes, with average prices down 45.8% y/y to CNY399.10 per tonne.
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For oil products imports, the number decreased 1.8% y/y to 12.7 million tonnes, with average prices down 37.9% y/yto CNY3,049.60 per tonne.
Crude oil imports rose 4% y/y to 134 million tonnes, with average prices down 46.6% y/y to CNY2,558.40 per tonne.
In the first five months, the grain imports jumped 9.5% y/y to 45.1 million tonnes. However, for soybean imports, the figure fell 2.7% y/y to 27.1 million tonnes, with the average prices down 22.8% y/y to CNY2,792.80 per tonne.