China Iron Ore

China iron ore spend up 64% year-on-year for July despite 21% decline in volume

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.

Written By Jonathan Norris
Jonathan is a founder of and has been covering the resources industry since 2018. With over 17 years experience in print, broadcast and online media, Jonathan has seen first hand the transformative effect of online niche media.