CHINA’S 2008 DRY BULK IMPORTS SHOW 4Q SLIDE

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19-01-2009

   China’s imports of main dry bulk commodities (including iron ore, coal, steel and grains) totalled 539.8 Mt in 2008 compared with 484.1 Mt in 2007, up by 11.5%. Imports peaked at a record 50.4 Mt in April.
However, imports fell to 118.4 Mt in the 4q08, the lowest level for the past five quarters. The 4q08 total represented a decline of 6% on the same quarter in 2007.