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Iron Ore February 16, 2017 10:30:54 AM

China's Iron Ore imports sink 8% in December

Anil Mathews
ScrapMonster Author
The country's iron ore imports declined by nearly 8% during the month of December last year, says latest statistics released by the Chinese General Administration of Customs.
China's Iron Ore imports sink 8% in December

BEIJING (Scrap Monster): The country's iron ore imports declined by nearly 8% during the month of December last year, says latest statistics released by the Chinese General Administration of Customs.

The country’s iron ore imports totaled 88.946 million tons during the month. This is lower by 7.60% when matched with the imports during the corresponding month in 2015. The country had imported 96.270 million tons of iron ore during December 2015. Despite fall in import volume, the total value of imports by the country increased sharply by 22.8% over the year from $4.937 billion in December 2015 to $6.061 billion in December 2016. The average import price too has increased by one-third year-on-year to $68.1 per ton in December last year. The Chinese iron ore imports had averaged at $51.3 per ton in December 2015.

Among various ports, Port of Shijiazhuang accounted for largest quantity of import to the country during the month. The imports through Shijiazhuang totaled 23.857 million tons, valued at $1.626 billion. The import prices through the port averaged at $68.10 per ton. The iron ore imports through Qingdao totaled 13.815 million tons during the month. The imports through the port were valued at $936.858 million. The average price of import stood at $67.8 per ton. The Nanjing port recorded the third largest import shipment volumes. The imports totaled 10.427 million tons. The total value of imports through this port amounted to $726.897 million. The imports averaged at $69.7 per ton during December 2016. The other ports which generated significant import volume were Hangzhou (5.730 million tons), Beijing (5.223 million tons) and Dalian (4.352 million tons).

The imports of agglomerated iron ore during December ’16 totaled 1.365 million tons, significantly lower by nearly 30% when compared with the same month a year before. The Chinese agglomerated iron ore imports had totaled 1.946 million tons during December 2015. The value of imports amounted to $135.458 million during Dec ‘16. The import value has dropped sharply by nearly 7% when compared with the previous year. The Chinese agglomerated iron ore imports were valued at $145.070 million during December 2015. The import prices of agglomerated ore saw considerable increase of 33.1% over the year. The average import price edged higher from $74.50 per ton in Dec ‘15 to $99.2 per ton in December last year.

In terms of shipment volume, Port of Nanjing ranked first in imports of agglomerated ore during the month. The imports through the port totaled 302,000 tons. The value of iron ore imports through Nanjing totaled $28.769 million. The imports averaged at $95.3 per ton. The other key ports which accounted for imports of agglomerated ore were Qingdao (152,000 tons), Beijing (148,000 tons) and Hangzhou (144,000 tons).

The imports of non agglomerated iron ore totaled 87.581 million tons, accounting for nearly 98.5% of the total imports. The non-agglomerated iron ore imports by the country declined by 7.1% when matched with 94.324 million tons imported during December 2015. The value of non-agglomerated iron ore imports has increased sharply by nearly 24% year-on-year to $5.926 billion from $4.792 billion a year before.

The country imported non-agglomerated iron ore mainly through Shijiazhuang. The imports through the port totaled 23.779 million tons at an average price of $67.0 per ton. The value of imports totaled $1.617 billion. The other primary ports of import of non-agglomerated iron ore to China during December 2016 were Qingdao (13.663 million tons), Nanjing (10.125 million tons), Hangzhou (5.586 million tons) and Beijing (5.075 million tons).