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Friday, 26 August 2016 18:44

Chinese Iron Ore and Coal Imports Breakdown

Of the 88.4 Mt of iron ore China imported in July 83\% was sourced from Australia and Brazil, according to Chinese customs data reported by Reuters.

Shipments from Brazil rose to a year to date high of 19.7 Mt in July, up 3.1 Mt year-on-year, while imports from Australia fell by 2.5 Mt to 53.7 Mt. In addition, imports from Chile almost doubled to an all-time high of 2.1 Mt in July.

Meanwhile, China’s coking coal imports fell by 2.2 Mt year-on-year in July to 4.5 Mt following a sharp drop in shipments from Australia (-1.5 Mt to 2.5 Mt) and Canada (-0.8 Mt to 0.2 Mt), customs data shows. However a 2.1 Mt annual rise in imports of steam coal (incl. anthracite and lignite) to 16.7 Mt, was driven by higher cargo volumes from Indonesia (+0.9 to 7.7 Mt), Australia (+0.5 to 4.7 Mt) and Russia (+0.4 to 1.6 Mt)

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