Container volume at major Chinese ports up 3.2% in early July

According to the statistics released by China Ports and Harbors Association, export container volume increased 6.2% while the domestic volume declined 5.8% in early July.

Some of the vessels servicing for domestic market had been deployed on export trade routes due to a sufficient supply of export cargos.

Cargo throughput at major coastal hub ports dropped 3.5% year on year while international trade cargo throughput also declined 2.6%.

Crude oil shipments at major coastal ports dropped 21.7% year on year. Port inventory increased 4.3%.

Metal ore shipments at major Chinese ports declined 3.5% while port inventory increased 16.9%.

In early July, three major Yangtze river ports, Nanjing, Wuhan and Chongqing posted a growth rate of 6.5% and 12.9% for cargo throughput and container volume, respectively.