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Container volume at major Chinese ports up 3.4% in early July

Container volumes at eight major Chinese ports increased 3.4% year-on-year in early July.

Looking at export container volumes Xiamen port reported a 1.5% increase and Guangzhou port posted over 10% growth rate.

Cargo throughput at major coastal ports increased 12.1% year-on-year, the export cargo throughput increased 14.4%.

Crude oil shipments at major coastal ports increased 26.8% year-on-year, among which the growth rate of Rizhao port and Tianjin port exceeded 50%, while the port inventories increased 28.2%.

Metal ore shipments at major ports increased 18.3% year-on-year, among which the growth rate of Tianjin port exceeded 60%, while inventory volume declined 4.9%.

Cargo throughput at three major Yangtze river ports, Nanjing, Wuhan and Chongqing, declined 4.9% comparing to the same period of last year while the container volume slightly increased 0.2%. However, some of the terminals along Yangtze river had to shut down temporally due to recent floods.