By Anil Mathews
November 04, 2016 02:54:29 AM
BEIJING (Scrap Monster): The country’s iron ore imports increased modestly during the first nine months of 2016, says the latest import statistics released by the Chinese General Administration of Customs.
The country’s iron ore imports totaled 762.594 million tons during the nine-month period. This is higher by 9.1% when matched with the imports during the corresponding nine-month period last year. The country had imported 698.923 million tons of iron ore during January to September in 2015. However, the total value of imports by the country dropped by nearly 6.3% over the year from $43.62 billion in Jan-Sep ’15 to $40.87 billion during the same period this year. The average import price too has dropped sharply by 14.1% year-on-year to $53.6 per ton. The Chinese iron ore imports had averaged at $62.4 per ton during the initial nine-month period in 2015.
The largest exporter of iron ore to China during the first nine months of 2016 was Australia. The imports from Australia totaled 476.95 million tons, valued at $25.205 billion. The import prices averaged at $52.8 per ton. Brazil exported 157.90 million tons of iron ore to China during this period. The imports from Brazil were valued at $8.786 billion. The average price of import stood at $55.6 per ton. In third place was South Africa with 33.805 million tons. The total value of imports from the country amounted to $2.050 billion. The imports from the country averaged at $60.7 per ton. The other key exporters of iron ore to China were Ukraine (12.821 million tons), Iran (10.909 million tons) and Peru (10.403 million tons).
The imports of agglomerated iron ore during Jan-Sep ‘16 totaled 11.119 million tons, significantly lower by 41.1% when compared with the same period a year before. The Chinese agglomerated iron ore imports had totaled 18.884 million tons during the corresponding nine-month period in 2015. The value of imports amounted to $824.84 million during this period. The import value has dropped sharply by nearly 52.2% when compared with the previous year. The Chinese iron ore imports were valued at $1.725 billion during Jan-Sep ‘15. The import prices of agglomerated ore saw considerable decline of 18.8% over the year. The average import price dropped from $91.3 per ton last year to $74.2 per ton during Jan-Sep ‘16.
The largest exporter of agglomerated iron ore to China was Ukraine. The exports from the country totaled 2.749 million tons. The value of iron ore imports from Ukraine totaled $197.009 million. The imports averaged at $71.7 per ton. The other key exporters during the month were India (2.017 million tons), Brazil (1.743 million tons) and Australia (1.650 million tons).
The imports of non agglomerated iron ore totaled 751.475 million tons in Jan-Sep ‘16, accounting for over 98.5% of the total imports. The non-agglomerated iron ore imports by the country grew by 10.5% when matched with 680.039 million tons imported during the first nine months in 2015. The value of non-agglomerated iron ore imports has dropped marginally by over 4% year-on-year to $40.05 billion from $41.89 billion a year before.
The country imported non-agglomerated iron ore mainly from Australia. The imports from Australia totaled 475.3 million tons at an average price of $52.8 per ton. The value of Australian iron ore imports totaled $25.08 billion. The other primary exporters of non-agglomerated iron ore to China during Jan-Sep ’16 were Brazil (156.2 million tons), South Africa (33.8 million tons) and Iran (10.7 million tons).