As a consequence Chinese imports of iron ore fell by 7.9% year over year in 2Q in volume terms including a 9.7% drop in June. That came after a 3.6% slide in 1Q. Imports of copper ore increased modestly in 2Q with a 1.6% rise, though June saw a 16.6% slump, suggesting a reversal may be underway.
Imports of fuels including coal – which rose 6.4% in June – and natural gas, which improved 3.0% are slowing but still positive.
COPPER COLLAPSES, IRON ORE CORRODED THROUGHOUT 2019
Chart segments Chinese imports from Australia by product. Calculations based on China General Customs Administration data.
Date of publication: July 15, 2019
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