China’s commodity imports mostly fell on year in August, through coal, copper imports rose
China’s commodity imports mostly fell on year in August, through coal, copper imports rose

China’s commodity imports mostly fell on year in August, through coal, copper imports rose

 

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China’s commodity import volume mostly declined in August from a year earlier, but import prices were mostly higher, driving higher the value of commodity imports, according to China’s customs data released on Wednesday.

Coal imports reached 29.46 million tonnes in August, rising 5% from a year earlier and up 25.2% from the previous month.

Crude oil imports reached 40.35 million tonnes in August, falling 9.4% from a year earlier, but up 8.1% from the previous month.

Natural gas imports reached 8.85 million tonnes, sliding 15.2% from a year earlier, but up 1.8% from the month before.

Refined oil product imports reached about 1.89 million tonnes in August, sliding 35.4% from year earlier, but rising 16.5% from the previous month.

China’s steel product imports reached 893,000 tonnes in August, falling 15.9% from a year earlier, but up 13.2% from the previous month, showed customs data.

Iron ore imports reached 96.2 million tonnes, falling 1.3% from a year earlier, but up 5.4% from the month before.

Imports of copper concentrate or partially processed ore reached 2.27 million tonnes in August, rising by 20.4% from a year earlier and up 19.5% from the previous month.

Imports of unwrought copper and products reached 498,188.6 tonnes in August, rising 26.4% from a year ago and up 7.4% from the previous month.

Soybean imports reached 7.166 million tonnes in August, falling 24.5% from a year ago and down 9.1% from the previous month.