General Administration Of Customs: China Imported 776 Million Mt Of Iron Ore In The First 8 Months, An Increase Of 7.4%

According to data from the General Administration of Customs, the import volume of major commodities such as iron ore, crude oil, coal, natural gas, and soybeans has increased and prices have fallen. In the first eight months, China imported 776 million mt of iron ore, an increase of 7.4% YoY, and the average import price was 783.6 yuan/mt, a decrease of 3.6% YoY. The import volume of crude oil was 379 million mt, an increase of 14.7% YoY, and the average import price was 4,005.7 yuan/mt, a decrease of 16.8% YoY. The import volume of coal was 306 million mt, an increase of 82% YoY, and the average import price was 812.5 yuan/mt, a decrease of 20.8% YoY. The import volume of natural gas was 77.707 million mt, an increase of 9.4% YoY, and the average import price was 3762.1 yuan/mt, a decrease of 3.3% YoY. The import volume of soybeans was 71.654 million mt, an increase of 17.9% YoY, and the average import price was 4288.6 yuan/mt, down 1.5% YoY. The import volume of refined oil products was 30.55 million mt, up 100.1% YoY, and the average import price was 3,977.4 yuan/mt, down 25.5% YoY. During the same period, imported mechanical and electrical products amounted to 4.09 trillion yuan, a decrease of 9.9% YoY.