Analysts anticipate the coming high seasons for China's ports
Analysts from Industrial Securities believe that China's ports are on the path of continuous recovery. According to relevant statistics, the total throughput volume of China's seaports remained at 408 million tonnes edging down by 0.8%MoM but rising by 9.9%YoY making it in positive growth for four consecutive months. In H1 of the year the throughput volume of China's seaports increased by 3.2%YoY, 08% higher than the previous five months.
In June, 2009, China's port throughput of coal remained at 114 million tonnes dipping by 0.4%YoY. China's eight major coal ports witnessed their combined throughput volume dropping by 5.9% but the declining rate rose to 17.5% in the first five months to 14.6%. In June, China's port throughput of metallic ore reached 94 million tonnes edging down by 6%. The figure of oil and its products in June reached 56 million tonnes rising by 2.8%MoM. All these make analysts quite confident about the uptrend of port business in H2.
In June, 2009, China's port throughput of coal remained at 114 million tonnes dipping by 0.4%YoY. China's eight major coal ports witnessed their combined throughput volume dropping by 5.9% but the declining rate rose to 17.5% in the first five months to 14.6%. In June, China's port throughput of metallic ore reached 94 million tonnes edging down by 6%. The figure of oil and its products in June reached 56 million tonnes rising by 2.8%MoM. All these make analysts quite confident about the uptrend of port business in H2.