China Iron Ore

Chinese iron ore import volumes recover in November on weakening prices

China imported 105 million tonnes of iron ore for the month of November 2021, up over 14.5% on the previous month according to data released by the country’s General Administration of Customs.

Total spend for the metal was down 4.4% to just over $12 billion US dollars on declining prices for the metal.

November saw an increase in spend of just under 2% over the previous year, despite volume rising by nearly 7%.

Copper ore and concentrates

Chinese imports of copper ore and concentrates rose by 21.8% in November to 2.19 million tonnes, with spend increasing by the same percentage.

Year-on-year volume for the base metal was up by 19.5%, accompanied by a substantial 57.7% increase in spend compared to November 2020 on robust prices.

Coal and lignite

November coal and lignite imports climbed by 30.1% from October to 35.1 million tonnes, with spend increasing by nearly 63%.

Year-on-year figures provided a drastic difference, with tonnage rising by over 200% and spend increasing by a whopping 770% compared to November 2020.

Australian exports to China

Total Australian exports to China amounted to 13.07 billion US dollars in November, representing a trade surplus of just over 6.5 billion dollars.

The figure increased from 12.56 billion dollars in October, achieving a 37.7% year-on-year increase from 9.49 billion dollars in November 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.