Tianjin port posts rise in iron ore imports in H1

Time:2020-07-23 14:59:43      Source:ChinaDaily.com

China's Tianjin port saw iron ore imports rise 13.6 percent year-on-year to around 37.86 million tons in the first half of this year, according to Tianjin Customs.

The sustained growth in iron ore imports is attributed to the huge raw materials demand of the country's steel industry and increasingly strict environmental protection requirements, under which domestic steel mills have to increase the imports of high-quality iron ore to optimize the capacity utilization rate of their blast furnaces.

The iron ore imports via the port during the six-month period mainly came from Australia and Brazil, which together provided more than 89 percent of the port's total iron ore imports.

Meanwhile, the port has seen increased iron ore imports from countries and regions along the Belt and Road including South Africa, Mozambique and Mauritania.

The port on the coast of the Bohai Sea is a pivotal shipping outlet for the Beijing-Tianjin-Hebei region.

Index RMB/t DoD Basis Date
Datong 5500 700 0 ex-mine 05-04
Shuozhou 5200 680 0 FOR 05-04
Ordos 5500 700 0 ex-mine 05-04
Yulin 6200 780 0 ex-mine 05-04
Liulin Low-sulphur 900 0 ex-mine 05-04
Gujiao Low-sulphur 1770 -50 FOR 05-04
Xingtai Low-sulphur 2360 0 ex-Factory 05-04
Yangquan PCI 1280 -30 FOR 05-04
Index RMB/t WoW WoW% Date
Qinhuangdao 507.0 1.0 0.20 05-04
Caofeidian 541.0 9.0 1.69 05-04
Huanghua 216.9 12.4 6.06 05-04
Guangzhou 291.2 3.0 1.04 04-27
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2697.8 53.0 2.00 02-01
Yangtze River delta 1242.5 -74.7 -5.67 02-01
South Ports 2233.4 -216.0 -8.82 02-01
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