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Box volume at major Chinese ports drops 12.3% in early Sept

Photo: SIPG SIPG Yangshan view from above
Following a slowdown of growth in late August, container volume at eight major Chinese ports further declined 12.3% year-on-year in early September a period which is normally peak season for box volumes.

Export container volume declined 14.6% while the domestic volume also dropped 5.3%. The ports of Dalian and Tianjin in north China posted a growth rate of 15.2% and 31.4% respectively. 

Cargo throughput at major coastal hub ports fell 9.9%. The international trade cargo throughput declined 15% while domestic volume fell 5.33%.

Crude oil shipments at major coastal ports declined 18.2% year-on-year. Volume at the port of Yantai increased most rapidly with a growth rate of 33.3%.

Metal ore shipments at major Chinese ports increased 2.1% while the port inventory grew 16.4%.

Cargo throughput and container volume at three major Yangtze river ports, Nanjing, Wuhan and Chongqing both declined 9.9% and 5.7% year-on-year in early September.

 

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