Port Pport Production Continues High Growth Trend
According to the National Bureau of statistics, China's investment, consumption and foreign trade increased by 26.6%, 22.1% and 10.6% respectively in February.
Driven by the rapid growth of the national macro-economy, the port pport production maintained a rapid growth for two consecutive months, and the main production indicators in February were better than expected.
Domestic trade responsibilities
Cargo throughput continues to grow
In February, the throughput of China's ports above Designated Size reached 619 million 700 thousand tons, an increase of 15.2% over the same period last year.
Among them, 431 million 890 thousand tons of coastal waters and 187 million 800 thousand tons of inland rivers.
Although the prices of commodities such as crude oil, coal and minerals rapidly increased, the demand for domestic demand was released and the port's foreign trade and pportation production slowed down. However, due to the strong domestic economic growth and the high growth of domestic trade and pportation, the port in February overcame the negative reason for the long holiday of the Lunar New Year holidays, and pportation production continued to grow rapidly.
After a record high in January, port cargo throughput continued to break through in February, a 0.6 percentage point increase from last month.
Among them, the throughput of domestic cargo increased by more than 20%, up 6.4 percentage points from the previous month. This is the biggest highlight of port pport production this month.
As the largest proportion of coal throughput continued to run high, in February, the growth rate of coastal cargo throughput was 4 percentage points higher than that of inland rivers, while the growth rate of inland rivers was relatively slow.
Benefiting from the substantial growth of domestic trade, in February, the cargo throughput of some 100 million tons of Tangshan port continued to grow rapidly, including Tangshan, Yantai, Rizhao, Ningbo, Zhoushan.
Xiamen
Beibu Gulf,
Nanjing
Suzhou, Jiangyin and other ports have increased faster than the average growth rate of ports across the country.
With the huge increase in coal, the throughput of Tangshan port has increased by more than 40%.
commodity
Price rises
Limited growth of port foreign trade
In February, China's foreign trade cargo throughput reached 191 million 670 thousand tons, an increase of 4.4% over the same period last year.
Among them, the coastal port completed 174 million 460 thousand tons, 17 million 210 thousand tons of inland river.
Affected by many factors, such as international liquidity, supply and demand, global commodity prices have risen rapidly, especially the price of crude oil, coal and ore has reached the highest level since the financial crisis, to a certain extent, to curb the release of domestic demand.
Coupled with the fact that foreign trade containers are more affected by long holidays, the growth rate of foreign trade cargo throughput has decreased significantly. The growth rate dropped by 11 percentage points from the previous month, the lowest growth rate in nearly 3 months.
According to customs data, the growth rate of iron ore, iron and steel, crude oil and grain in January increased rapidly in February.
Among them, 48 million 640 thousand tons of iron ore imported in February, the ring and the year-on-year decline in varying degrees, and showed a "volume and price down" trend.
Due to the state's efforts to increase macroeconomic regulation and control, the high crude steel output has begun to cool down, and the inventory of steel and ore remains high. With the decline in demand, the sharp decline in ore imports is unavoidable.
Affected by the negative factors of the Spring Festival holiday, the import volume of crude oil in February was 19 million 950 thousand tons, an increase of only 7.8% over the same period last year, which is comparable to the 27.5% growth rate in January.
In February, 2 million 320 thousand tons of soybeans were imported, down sharply from 5 million 140 thousand tons in the previous month, the lowest level since November 2008.
The sharp drop in the number of imported soybeans was mainly due to the closure of some factories during the Spring Festival holiday and the ample stock of domestic soybeans.
Over the same period, steel exports also showed a sharp decline.
The sharp decline in the growth rate of these goods has been a drag on the throughput of foreign trade, thereby affecting the growth rate of the entire port's pport production.
The strong growth of domestic trade throughput (its growth rate is nearly 5 times that of foreign trade) is the main kinetic energy that promotes the rapid growth of the entire port's pport production.
In February, although the growth rate of foreign trade cargo throughput dropped considerably, there were still some ports showing relatively rapid growth. Among them, Tangshan, Yingkou, Yantai and Rizhao had more than 20% growth in cargo throughput.
Foreign trade slowdown
Container growth slowed down to one place.
In February, port container throughput reached 9 million 950 thousand TEU, an increase of 7.2% over the same period last year.
Among them, the coastal port completed 8 million 854 thousand TEU, and the inland port completed 1 million 96 thousand TEU.
As most of the foreign trade goods were shipped before the festival, February was a long holiday in the Spring Festival, and the growth rate of China's foreign trade imports and exports slowed down significantly.
According to customs statistics, the import and export volume of China's foreign trade increased by 19.4% and 2.4% respectively in February, and the growth rate dropped sharply compared with the previous month.
What is particularly noteworthy is that in February, China's foreign trade suffered a deficit of US $7 billion 300 million.
Data show that compared with January, exports of traditional exports such as toys, clothing and furniture in February decreased by 2~3 times.
Affected by the decline in foreign trade growth, the growth rate of port container throughput in February decreased significantly, and its growth rate dropped by 11 percentage points compared with the previous month, the lowest growth rate in January last year.
In February, port container pport showed an unbalanced development trend. The ports in the North showed different degrees of growth, while the southern ports were relatively weak, and some big ports even appeared negative growth.
In February, some container ports continued to maintain rapid growth. Tianjin, Qingdao, Yingkou, Yantai and Lianyungang had more than 10% container growth, of which Tianjin and Yingkou grew by more than 20%.
In 1~2 months, the container throughput of Shanghai port and Shenzhen port respectively led the national ports by 4 million 650 thousand TEU and 3 million 390 thousand TEU respectively.
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