China registered a 10.91% monthly decline in iron ore imports to 100.36 million tonnes in August, showed the latest data from the General Administration of Customs (GAC) on September 7.
It compared with a 10.78% month-on-month increase in July, according to the data. The August iron ore import value was $10.38 billion.
The average import price was calculated at $103.43/t last month, rising $6.35/t or 6.54% from a month earlier.
In the first eight months, China imported a total 759.92 million tonnes of iron ore, rising 75.40 million tonnes or 11% from the year prior.
The import value increased 7.5% year on year to $70.60 billion, translating to an average price of $92.91/t.
(Writing by Tammy Yang Editing by Jessie Jia)
For any questions, please contact us by firstname.lastname@example.org or +86-351-7219322.