Imports News

North Korea has likely received more than 1 million barrels of oil from Russia over an eight-month period this year in breach of U.N. sanctions, according to an analysis of satellite imagery published on Friday by the British-based Open Source Centre and the BBC.North Korean oil tankers have made more than 40 visits to Russia's Far Eastern port of Vostochny since March, the report on the research group Open Source Centre's website said."Dozens of high-resolution satellite images…

Iron ore futures soared on Monday, extending a rally spurred by hopes of an economic rebound for top steel producer and consumer China in the third quarter, and support for the country's troubled property sector.The most-traded iron ore, for September delivery, on China's Dalian Commodity Exchange DCIOcv1 ended daytime trade 7.1% higher at 711 yuan ($105.27) a ton, after earlier hitting 723.50 yuan, its strongest level since July 14.Iron ore's front-month August contract on the Singapore Exchange SZZFQ2 was up 2.2% at $105.40 a tonne…

In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tons as Chinese restrictions on Australian coal have started to hurt, according to Oceanbolt. This represents a 98.6% drop compared with 56.8 million tonnes in the same period in 2020.In the first seven months of 2020, 697 voyages were made carrying coal between Australia and China. Out of these, 59.1% were on Panamax ships while Capesize ships proved the second most popular, accounting for 35.3%.

Chinese crude oil imports fell year-on-year in June and July, ending a streak of five months of accumulated year-on-year growth. After the first seven months of 2021, China’s crude oil imports are down 5.7% compared with the same period last year. January to July imports stood at 301.9m tons, an 18.1m tons decline from January to July 2020.The June and July decline in crude oil imports is not attributable to unusually low imports as much as to unusually high imports in June and…