China’s Dry Bulk Imports in November

Coal, Grain, Iron Ore

After a weaker month in October, when national holidays contributed to slower shipments, Chinese iron ore imports rebounded to 94.5 Mt in November, up by 2.6 Mt year-on-year, customs data show. At 991.3 Mt shipments in January-November were up by 55.5 Mt on the same period last year.

 By contrast, Chinese coal imports (incl. lignite) fell on an annual basis for the sixth consecutive month in November, dropping by 4.9 Mt to 22.1 Mt. However, strong import growth in the 1h17 meant January-November imports were still 19.6 Mt above the year-ago level at 248.4 Mt.

 Chinese soyabean imports climbed to a four-month high  of 8.7 Mt in November, up by 0.8 Mt year-on-year. Imports have risen in every month of the year to date, with January-November shipments up by 11.9 Mt at 86.0 Mt.