Tianjin Imported Iron Ore, QTY Down & Price Up, in Jan-Sept 2017


According to Tianjin Customs statistics, in the first three quarters (Jan-Sept) of this year, Tianjin imported 29.05 million tons of iron ore, down 14.6% year-over-year (YOY); worth CNY 14.01 billion, up 23.4% YOY; average import price at 482.2 yuan per ton, up 44.6% YOY.

In September alone, Tianjin imported iron ore 2.505 million tons, down 38.4% YOY and down 20.5% month-on-month; average import price at 465.7 yuan per ton, up 25.5% YOY and up 14.4% MOM.

In Jan-Sept, the imported 20.99 million tons were from Australia, a decrease of 17.3% YOY, and 4.384 million tons from Brazil, down 25.4%, the two together accounting for 87.3% of the total import.

Price, policy and other factors caused the import quantity less. Attention should be paid to the risk of iron ore price slump; high pressure from China’s environmental protection policies; under-stock of high-grade ore in China
Source: China Customs
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