China’s iron ore imports within the first two months of 2024 rose solidly, with pre-holiday restocking, larger shipments cited.
China imported 209.45 million metric tons over the two-month interval
- a month-to-month common of 104.73 million tons
- in contrast with a month-to-month common of 98.39 million tons in 2023
these are Reuters calculations
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China mixed import knowledge for January and February into one
launch to easy out the impression of the Lunar New Yr holidays,
which fall in both January or February yearly.
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AUD has caught a wee tailwind from China’s knowledge as we speak:
China is the world’s largest importer of iron ore. Australia is its largest provider.
