Port imports and exports continued to grow in March

The import and export volume of port imports and exports in March is increasing in May foreign trade cargo throughput double growth; Commodities maintain high imports this year above the national size of the port cargo throughput increase (reporter Hu Hongwei Zhongjingjing) Transport Department, the Water Transport Bureau yesterday Express, as of May, China's port cargo throughput for three consecutive months, and the May Port Cargo throughput is expected to complete 546 million tonnes, an increase of 5%. The financial crisis has depressed foreign trade and port throughput has been negative for several consecutive months since the end of last year.　　But beneficiary commodity shipments, which began to show positive signals in March, grew by about 2% in March and 1.7% in April. The growth of domestic trade is better than that in the 3-month continuous growth.　　According to statistics, May foreign trade cargo throughput is expected to complete 182 million tons, an increase of 4.7%, domestic trade is expected to complete 364 million tons, growth of 5.1%, internal and external cargo throughput has been increasing. Port throughput is regarded as one of the important indicators of foreign trade and economic trends. Zhang Yongjun, senior economic analyst at the National Information Center, said yesterday that sustained positive growth could be a fundamental determinant of a good economic trend.　　Structurally, the stimulus plan expands domestic demand, saying it will spur domestic demand, but exports are still relatively weak from a 9.7% drop in foreign trade and container throughput year-on-year. Humin, a researcher at the National Information Center, also said that sustained growth was a measure of good expectations for foreign trade, but could not reverse the underlying trend, a signal that was more expressive of the domestic economy.　　She expects the forthcoming May import and export data to remain negative.　　The slowdown in imports of crude oil, according to information analysis, to the good trend from the iron ore, coal, crude oil and other imports of goods to accelerate the impact. May, the port to unload imports of iron ore is expected to reach 55.5 million tons, an increase of 24.6%. Although it differs from customs statistics, it also shows that iron ore imports continue to remain high. It is estimated that the main port iron ore inventory exceeds 60 million tonnes, affected by the significant increase in import volume. In addition, the port coal unloading is expected to complete 49.2 million tons, an increase of 10.8% per cent.　　The port is expected to complete 13.8 million tonnes of imported crude oil, an increase of 5.1% per cent and a slowdown in growth. Great Wall Securities port industry analyst Song Weiya said that the current international coal price breakthrough 70 U.S. dollars/ton, plus shipping costs after its basic price and qinhuangdao prices flat. Coal prices are likely to slow in June, but iron ore continues to be affected by factors such as internal and external spreads and domestic demand growth, and the trend may be further sustained.