China Aug exports rise 5.5 pct, imports up 13.3 pct

Date Sep 08 2017 16:07:45

BEIJING, Sept 8 (Reuters) - China's August exports rose by 5.5 percent from a year earlier, roughly in-line with expectations, while imports beat forecasts, growing 13.3 percent, official data showed on Friday.

    That left the country with a trade surplus of $41.99 billion for the month, the General Administration of Customs said, the lowest since May. 

    Analysts polled by Reuters had expected August shipments from the world's largest exporter to have risen 6.0 percent, easing from 7.2 percent growth in July.

    Imports had been expected to have climbed 10.0 percent, after rising 11.0 percent in July.

    Analysts were expecting China's trade surplus to have widened to $48.6 billion in August from July's $46.73 billion.

    After several lean years, China's trade performance has rebounded this year thanks to strong demand at home and abroad.

    While exports are contributing to China's economic growth once again, global investors have been more focused on its strong appetite for industrial commodities such as iron ore and coal, which is boosting resources prices worldwide.

Edited by SHMET

China August copper imports at 390,000 tonnes

Date Sep 08 2017 16:07:24

BEIJING, Sept 8 (Reuters) - China's imports of copper flat from month ago to 390,000 tonnes in August, data from the General Administration of Customs showed. 

     Copper imports to China, the world's leading copper and aluminium consumer, include anode, refined, alloy and semi-finished copper products. 

     The country exported 410,000 tonnes of unwrought aluminium and aluminium products, including primary, alloy and semi-finished aluminium products, in August, down from July's 440,000 tonnes. 

Edited by SHMET

China August iron ore imports at 88.66 mln tonnes, up 2.8 pct from July

Date Sep 08 2017 16:07:07

BEIJING, Sept 8 (Reuters) - China imported 88.66 million tonnes of iron ore in August, up 2.8 percent from the previous month, official data from China's customs authority showed.

     Imports of steel products rose 1.0 percent to 0.99 million tonnes while exports fell 6.3 percent to 6.52 million tonnes. 

Edited by SHMET

China August rare earth exports at 4,185 tonnes

Date Sep 08 2017 16:06:39
BEIJING, Sept 8 (Reuters) - China, the world's largest rare earth exporter, sold 4,185 tonnes of rare earths in August, down 3.9 percent from July, figures from the General Administration of Customs of China showed. Edited by SHMET

China steel PMI rises to 16-month high in August on strong production

Date Aug 31 2017 17:44:09

BEIJING (Reuters) - Activity in China's steel industry expanded in August at the fastest pace since April 2016, industry data showed on Thursday, reflecting high levels of production and low inventory.

The Purchasing Managers' Index (PMI) for the steel sector rose to 57.2 in August from 54.9 in July, data from the China Federation of Logistics & Purchasing (CFLP) showed, holding for a fourth month above the 50-point mark that separates growth from contraction.

The production index rose to 61.7 from 58.1 in July, expanding for the seventh consecutive month, while the new orders index rose to 66.6 from 63.1 in July.

The new export orders index dropped to 45 from 49.8, reflecting higher prices at home.

"We expect domestic steel production and sales to remain strong in September, with market prices remaining elevated," the CFLP said.

Inventories of finished goods remained below the 50-point mark, but edged up to 42.1 from 41.6 in July.

Steel futures prices <SRBcv1> have risen about 9.2 percent so far this month.


Edited by SHMET