China's imports of crude oil, coal and soybeans rose in April from the same...
- China’s imports of crude oil, coal and soybeans rose in April from the same month last year, while cargoes of iron ore and copper dropped, customs data showed on Wednesday.
FILE PHOTO: Cranes unload coal from a cargo ship at a port in Lianyungang, Jiangsu province, China December 8, 2018. REUTERS/Stringer/File Photo“April’s figures are a mixed bag and may point to further slowing economic growth in China after we saw signs of cooling momentum in March, but we need to wait for more figures to confirm that.
“You would expect imports of refined copper to be strong, given the restrictions on scrap imports, but they have slowed, as have imports of copper concentrate, though these may have been impacted by disruptions at MMG’s Las Bambas copper mine in Peru.”“Soybean arrivals were not that big in March. Many have moved shipments to April due to VAT rate adjustment ... Most of the cargoes were Brazilian beans. Some U.S.
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