7 Aug 2020
Combined Chinese Iron Ore, Coal and Soyabean Imports Surge to Record High
Coal, Grain, Iron Ore
Combined imports of iron ore, coal and soyabeans into China climbed to an all-time high of 148.8 Mt in July (+16.3 Mt year-on-year and +10.7 Mt from June), preliminary customs data show.
The rise was driven by iron ore surging by 21.6 Mt on the year to a record 112.6 Mt. Imports over the first seven months of 2020 rose to 659.8 Mt, increasing by 68.3 Mt year-on-year.
Meanwhile, total coal imports dropped by 6.8 Mt to 26.1 Mt last month. Nonetheless, annual gains in the first four months of the year helped boost year-to-date imports to 200.3 Mt (+12.9 Mt).
Soyabean imports rose by 1.5 Mt on the year to 10.1 Mt in July, the second highest level on record (after peaking in June), bringing the January-July total to 55.1 Mt (+8.2 Mt).