China has seen it’s total spend on iron ore imports increase by 6.8% month-on-month for July 2021 according to monthly data released by the country’s General Administration of Customs. Total spend increased to USD$17.9 billion, despite tonnage dropping by 1%.
July 2021 also recorded a 64% total increase in price paid compared to the same month in 2020, despite a 21.4% decline in tonnage due to continuing robust prices.
Copper ore and concentrates
China’s import of copper ore and concentrates for July 2021 was valued at US$4.9 billion, with volume increasing by 13% to 1.89 million tonnes compared to the June 2021 total of 1.67 million tonnes. Year-on-year volume increased by 5.1% compared to the July 2020.
Coal and lignite
China imported 30.2 million tonnes of coal and lignite in July 2021, valued at US$2.9 billion. This is a 15.6% year-over-year increase compared to 26.1 million tonnes in July 2020, and a 6.3% increase from June 2021.
Australian exports to China
Beijing posted a 3.8% month-on-month increase in Australian imports for July 2021. Total import value stood at US$15.23 billion for the month, which represents a 41.3% increase compared to the same month in 2020.