China's port throughput growth weakens in October

Recently reported statistics suggest China’s port cargo throughput was expected to have reached 470 million tonnes in October, up six percent year-on-year, a 2.1 percent smaller figure compared with September.

October container throughput was expected to be 10.65 million TEU, up 8.2 percent year-on-year, an eight percent drop compared with last year’s growth over the same period. Iron ore imports are expected to have reached 38.5 million tonnes, up 16.5 percent year-on-year, reflecting the lowest growth level this year. Coal shipments are expected to be 38 million tonnes, a 3.1 percent decline year-on-year, of which 35.9 million tonnes was domestic trade, rising 2.8 percent year-on-year, and 2.1 million for foreign trade, dropping 51 percent. Crude oil imports are expected to be 13.55 billion tonnes, rising 4.2 percent, and that is expected to decline within the last two months of the year.
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