Reversal: Foreign trade port cargo throughput growth in May

The rise of commodity trade has led to a reversal of the May port and foreign trade cargo throughput. In May, China's domestic and foreign trade port cargo throughput increased by 5.1% and 4.7% respectively in the same period last year, the Ministry of Communications released June 9.　　Port cargo throughput increased for three consecutive months.　　Ministry of Water Conservancy Science Research Institute (which provides data support for port cargo throughput for the Ministry of Transport) an analyst said June 9 that the increase in imports of resource-based goods, including crude oil, iron ore, coal, and the active domestic trade in such commodities were the direct cause of the improvement.　　However, "the export situation has not been reversed," she said, reflecting a 9.7% per cent decline in port container throughput in May, one of the key indicators of exports. Port throughput at the bottom of the gradual uplift, North hot South Cold pattern still data from the Ministry of Transport show that May, China's port cargo throughput is expected to complete 546 million tons, an increase of 5%. Among them, the foreign trade cargo throughput is expected to complete 182 million tons, an increase of 4.7% per cent, domestic cargo throughput is expected to complete 364 million tons, an increase of 5.1%.　　The quarter-on-quarter growth of the two indicators was 3.3 and 4.6%, respectively.　　In fact, the foreign trade cargo throughput of China's ports in March and the domestic cargo throughput of April had a slight increase.　　"In May, the increase was more pronounced, and the recovery of the port economy was continuing," the Ministry of Water Conservancy Research said, according to a comparable daily average, January-February, March, April Average daily cargo throughput of 14.69 million tons, 16.14 million tons, 17.28 million tons, the bottom gradually rebound signs are very clear.　　Only, the rebound in the port throughput does not mean the upturn in the foreign trade situation. "Container throughput is a more critical indicator of import and export of foreign trade." "The above analysts pointed out that the external demand is not ideal, the May container throughput growth is still a large decline year-on-year, the import and export situation has not been substantially improved."　　May, China's port container throughput is expected to complete 9.75 million TEU, down 9.7% year-on-year, still in negative growth, but the decline has narrowed by 4% last month.　　The differences between the north and the South are also supporting the "still bad" judgments of imports and exports. From the classification of data, the situation of the North port should be significantly better than the south, "domestic trade-oriented port of the Bohai Sea area of the throughput index, to be significantly better than the Yangtze River Delta and the Pearl River Delta port."　　said the person.　　"North hot South Cold" pattern has lasted for several months. April Port Throughput Refinement data show that the northern Qingdao port, Rizhao Port, Yingkou Port, Dalian Port cargo throughput growth of 4.6%, 9.3%, 8.8%, 6.8% respectively, while the southern Shanghai port, Shenzhen port, Ningbo-Zhoushan port, Guangzhou port and other cargo throughput decreased by 14 respectively.　　9%, 19.6%, 7.6%, 9.2%. May Import and export data to be released by General administration of customs is difficultSpeak optimistically.　　China's deputy minister of Commerce, Zhong Shan, recently said publicly that the first half of the negative growth has become a foregone conclusion, the second half of the foreign trade situation is still not optimistic, to actively take measures to deal with.　　In June, the government raised the export tax rebate rate of electromechanical, toy, steel and so on, this is also the third time of the year export tax rebate increase.　　The surge in imports of commodities or unsustainable ports and the improvement in the throughput of foreign trade have benefited from the commodity trade boom. According to the classified data released by the Ministry of Communications, the May month, China's port to unload imports of iron ore is expected to reach 55.5 million tons, an increase of 24.6%, the port coal unloading (including domestic and foreign trade import and unloading volume) is expected to complete 49.2 million tons, an increase of 10.8%.　　The port is expected to complete 13.8 million tons of imported crude oil, an increase of 5.1% per cent.　　The general customs of imports for the three categories of commodities for May has not yet been announced.　　However, the reporter learned that, because the international coal prices and domestic coal prices in the past few months near the price of 100 yuan, some ports in Guangdong and Tianjin port in May coal imports even more than April import volume doubled 3 times times. Crude oil imports are expected to be high in May. There are close to Sinopec, PetroChina June 9 revealed that the two major companies at the current refinery operating rate has reached 80%, crude processing volume has a sharp increase in the chain.　　May crude oil processing volume of the two companies were 15.34 million tons, 9.85 million tons, "May crude oil imports are expected to exceed April."　　April, China's crude oil imports achieved a year-on-year growth of 13.6%, to 16.17 million tons, which is the year's first year-on-year growth.　　But the sustainability of the commodity import boom, with the "early stock" nature, remains unknown.　　Asia-Pacific Energy source, a large coal trader, told reporters June 9, the first half of China's imports of coal to make imports and domestic coal prices have gradually disappeared, the last week, the Australian power coal prices rose 10%, the Australian coal to Guangzhou port prices have been higher than the Shanxi coal to Hong Kong price of nearly 100 yuan. More than 80% of Asia-Pacific Energy's business in the first half came from imports, but this month it began to reverse. "We are beginning to slash imports and increase the proportion of domestic coal, which is expected to come from domestic coal for 80% in the second half."　　said the person. Guo Haitao, assistant director of China's Energy Strategy Research Center, also predicted that if international crude oil prices were to fall, imports were expected to follow the decline, "the current surge in crude oil imports is not entirely demand-driven, more from the company's ' stockpile oil to rise ' expectations." "My Steel Net" information director Xu Xiangchun said June 9 that the pattern of iron ore import surge could moderate in the second half of the year, although imports are expected to remain high. Annual iron ore imports are expected to reach 500 million tonnes, up from 440 million tonnes of imports last year.