Major Chinese ports container volume down 7.4 % in early Nov

Container volume at eight major Chinese ports declined 7.4% year-on-year in early November.

Export container volume of the eight ports dropped 5.7% year-on-year while the inland container volume declined 12%.

During the period of early November, the port of Dalian, Tianjin, Qingdao, Shanghai and Ningbo had to be closed temporarily due to bad weather.

Cargo throughput of major coastal ports declined 5.5% year-on-year, and export cargo throughput dropped 5.9%.

Crude oil shipments at major coastal ports also declined 11.9% year-on-year, among which the port of Dalian posted over 20% growth rate, while the port inventory declined 4.6%.

Metal ore shipments at major Chinese ports increased 16.3% year-on-year. Among which the port of Ningbo-Zhoushan posted a growth rate of over 40% while the port of Rizhao posted a growth rate of over 20%. The port inventory up 16.8%.

In early November, cargo throughput and container volume at the three major Yangtze River ports, Nanjing, Wuhan and Chongqing declined 12.2% and 13.6% respectively.