BEIJING: The majority of China’s major bulk cargo imports declined year-on-year in the first five months of 2015, according to statistics published by Chinese customs.
From January to May, China’s coal imports slumped 38.2% y/y to 83.3 million tonnes, with average prices down 20.2% y/y to CNY392.10 (USD63.20) per tonne.
More than 90% of the country’ coal imports are seaborne, according to China National Coal Association.
Iron ore imports dipped 1.1% y/y to 378 million tonnes, with average prices down 45.8% y/y to CNY399.10 per tonne.
