Eight major ports in China, posted a growth rate of 2.7% in terms of container volume, year-on-year in mid-August, as compared to that of the same period in 2020. A 5.3% increase in export container volumes too, were witnessed. Domestic volume however, declined by 5.1%.
The export container volume at Xiamen port and Guangzhou port posted a growth rate of over 20%.
The port of Yantai reported a growth rate of over a whopping 50%. While the Ningbo-Zhoushan and the Rizhao Port reported a growth rate of atleast 20%.
The three major Yangtze river ports, namely, Nanjing, Wuhan and Chongqing ports too, witnessed a slight increase in cargo throughput and container volume during early August but by mid-August, cargo throughput and container volume at the three declined by 5.1% and 16.7% year-on-year, respectively.
This minor increase in container volume holds much significance, as a short period of decline was incurred during late July, in container volume.
Domestic cargo throughput at major coastal hub ports in the country dropped by 3.7% year-on-year, while international trade cargo throughput witnessed a drop of 1.1%.
Crude oil shipments at major coastal ports dropped by 14.4% year-on-year, while port inventory dropped by 6.7%.
Metal ore shipments at major Chinese ports increased 4.8% year-on-year, while port inventory increased by 10.5%.