China’s iron ore imports continue rising in September, reach 20 months high

Monday, 14 October 2019 12:26:02 (GMT+3)   |   Shanghai
       

Iron ore imports in China rose by 4.75 percent month on month and 6.3 percent year on year, reaching 99.355 million mt in September, the highest level in 20 months.

In the January-September period this year, China’s imports of iron ore and iron ore concentrate amounted to 784.13 million mt, down 2.4 percent year on year, but the decline slowed down from 3.5 percent in January-August.

Iron ore prices have seen an overall downtrend in August, stimulating more purchasing activities for iron ore, while prices have moved up to $98.5/mt on September 15 and then edged down again in the rest of September, according to SteelOrbis. The shipment of iron ore is expected to decrease in October due to maintenances on railway lines of Australian mines. However, the production restriction measures in the country for autumn and winter heating season will somewhat prevent further sharp growth of demand for iron ore


Similar articles

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

Brazilian high-grade iron ore price declines sharply in two days

27 Mar | Scrap & Raw Materials

Daily iron ore prices CFR China - March 27, 2024

27 Mar | Scrap & Raw Materials

India’s JSPL takes operational charge of iron ore complex in Venezuela

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

Vale selected to begin award negotiations for US briquette plant

26 Mar | Steel News

Daily iron ore prices CFR China - March 26, 2024

26 Mar | Scrap & Raw Materials

India’s SEML subsidiary secures mining rights to iron ore block

26 Mar | Steel News

Major steel and raw material futures prices in China - March 26, 2024

26 Mar | Longs and Billet