China's imports of mineral products increased sharply year-on-year. Data show that from January to October, China's mineral product imports were 226487 million tons, a year-on-year increase of 168%。A spokesman for the China Chamber of Commerce of Metals, Metals & Chemicals Importers & Exporters said that since the beginning of this year, China's economic operation has generally rebounded for the better, and the demand for mineral products to meet domestic production needs is strong, which has become the main reason for the sharp year-on-year growth in mineral product imports. Among China's imports of mineral products, ** LNG imports achieved double-digit year-on-year growth.
According to the data, from January to October, China's ** import volume was 473.23 million tons, an increase of 14 over the same period last year5%。"Since the beginning of this year, under the influence of the new production capacity of domestic refineries and the decline in international oil prices, China's demand for imports has increased, and imports have reached new highs. Jinlianchuang analyst Han Zhengji said.
At present, Russia, Saudi Arabia, Iraq, Malaysia, the United Arab Emirates, etc. are the main markets for China's top imports. "Since the beginning of this year, Russia has surpassed Saudi Arabia to become China's largest importer. At the same time, China has also increased imports from the United States. Han Zhengji said.
China's LNG imports were 56.3 million tons, up 11 percent year-on-year6%。Wang Yafei, an analyst at Jinlianchuang Natural Gas, believes that there are three reasons for the year-on-year growth of LNG imports, one is that the domestic economic situation has been improving since the beginning of this year, and the demand for LNG terminal market has been increasingSecond, the supply and demand of the global natural gas market tend to be balanced, and the international spot price of liquefied natural gas is lower, which promotes the increase of domestic LNG importsThird, since the beginning of this year, a total of about 11 newly signed LNG long-term agreements have been implemented, with a total contract volume of about 6.4 million tons per year, which has led to the growth of LNG imports.
Talking about the trend of China's first imports, Han Zhengji believes that it is expected that in the next five years, the total production capacity of China's refineries is expected to further increase to 1 billion tons per year, so the demand for imports will continue to be released, and China's first import volume will increase. （Zhang Nan
Review: Yu Zaozao.
Editor-in-charge: Huo Yue.
Editor: Hu Na.