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 Chongqing’s cargo throughput for early Feb declined 26% while the container volume dropped 32.2%.
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