Four-year low for Chinese Coal Imports
Coal, Grain, Iron Ore, Steel
Chinese coal imports slumped to their lowest level since April 2011 in May at 14.3 Mt, down 9.8 Mt year-on-year, according to preliminary customs data, while coal imports for January-May were down 51.9 Mt at 83.3 Mt. China's iron ore imports fell 6.5 Mt year-on-year to 70.9 Mt in May, while combined exports for January-May were down 4.7 Mt at 378.1 Mt. In contrast, Chinese steel exports rose to a four-month high of 9.2 Mt in May, up 1.1 Mt year-on-year, taking steel exports for the first five months of 2015 up 9.6 Mt on the same period in 2014 to 43.5 Mt. Meanwhile, China imported 6.1 Mt of soyabeans in May, resulting in year-to-date soyabean imports registering a slight decline.