Chinese Trade Data for January
Coal, Iron Ore, Steel
After retreating in December, Chinese iron ore imports returned to monthly growth in January, climbing to a four-month high of 92.0 Mt, up 9.8 Mt year-on-year, customs data show. Similarly, the country’s coal imports (incl. lignite) increased by 9.7 Mt year-on-year in January to 24.9 Mt. Chinese coal imports have now seen annual growth of 54% (53.1 Mt) in the last six months. Meanwhile, Chinese steel exports dropped to the lowest level since June 2014 in January at 7.4 Mt, down 2.3 Mt year-on-year.