Major Chinese ports box volume growth slows to 2.5% in late August

Export container volume declined 2.2% while the domestic volume increased 17.4%. The ports of Dalian, Tianjin, Qingdao and Ningbo-Zhoushan all posted a growth rate of over 10%.

Cargo throughput at major coastal hub ports also dropped 2.4%. The international trade cargo throughput declined 3.7% while domestic volume fell 1.23%.

Crude oil shipments at major coastal ports up 5.6% year-on-year. Among which the port of Qingdao and Yantai from Shandong province posted a growth rate of over 20%.

Metal ore shipments at major Chinese ports increased 6.8% while the port inventory grew 24.36%.

Cargo throughput at three major Yangtze River ports, Nanjing, Wuhan and Chongqing achieved positive growth in late August, slightly increased 2% and 4.9% year-on-year.

For the whole month of August, container volume at eight major coastal ports increased 3.3% while the cargo throughput of hub ports grew 0.7%.

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