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Major Chinese ports container volume falls 10.6% in early Feb

Photo: SIPG SIPG yangshan
Container volume at eight major Chinese ports declined 10.6% year-on-year in early February coinciding with the lunar new year holidays.

Export container volume declined 8.3% while the domestic volume dropped 20.2 % due to many factories were closed for the Chinese New Year in early February.

Cargo throughput at major coastal hub ports declined 7.5% year-on-year while international trade cargo throughput dropped 7.6%.

Crude oil shipments at major coastal ports declined 11.6% year-on-year while the port inventory increased 2.3%.

Metal ore shipments at major Chinese ports increased 0.8% year-on-year, among which the port of Rizhao posted over 20% growth rate. 

The Chinese New Year brought about further decrease of cargo volume at three major Yangtze river ports. Nanjing, Wuhan and Chongqings cargo throughput for early Feb declined 26% while the container volume dropped 32.2%.


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