Chinese Iron Ore and Coal Imports Fall
Coal, Grain, Iron Ore
Chinese iron ore imports fell to a three-month low of 74.1 Mt in August, down 0.8 Mt year-on-year, according to China Customs data. This decline may, in part, be attributed to Chinese mills around Beijing being forced to reduce production levels to comply with anti-pollution measures introduced in advance of the WWII anniversary parade in early September. Imports for January-August were down 1.5 Mt on the same period in 2014 at 613.3 Mt. China's coal imports fell by 1.4 Mt year-on-year in August to 17.5 Mt, continuing the trend which has seen imports fall annually for 14 months in succession. Imports in 2015 to August are 63.5 Mt lower than the same period last year at 138.6 Mt. By contrast, soyabean imports in August of 7.8 Mt were up 1.8 Mt on the same month last year, keeping the country on course for a new annual record. Steel exports also continued to perform strongly in August, rising 2.0 Mt year-on-year to 9.7 Mt.