China imported 112.65 million tonnes of iron ore in July, increasing by 10.97 million tonnes or 10.78% from June, compared with a month-on-month growth of 16.78% in June, showed the latest data from the General Administration of Customs.
The imports were worth $10.94 billion, and the average import price was estimated to reach $97.08/t in July, up $7.0/t or 7.7% from the previous month.
China's cumulative iron ore imports over January-July picked up 69.78 million tonnes or 11.8% year on year, hitting 659.56 million tonnes in total. The import value grew by $5.2 billion or 9.5% to $60.22 billion.
The import price of China's iron ore imports during January-July averaged $91.3/t.
(Writing by Shengnan Liu Editing by Jessie Jia)
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