Ton-mile of Chinese bauxite and alumina import in March up 26 % YoY
Klaveness customers and clients receive a comprehensive dry bulk research report on a weekly basis. The below is an extract from one of the topics addressed in the week 18 report. China’s import of bauxite and alumina totaled 5.5Mt in March, on par with same period in last year. Q1 Imports are up a marginal 1 per cent from the same period last year.
Klaveness Research says
While volumes in March is flat Year on Year, the ton mile of imports was up 26 per cent Year on Year as volumes from the Atlantic continues to be high. 42 per cent of the total volume imported in March was from the Atlantic. Imports from Guinea almost doubled Year on Year and reached 1.85 Mt. Imports from Brazil of 319k was up 14 per cent Year on Year.
Short haul volumes from Malaysia of 481k was down 63 per cent Year on Year while short-haul volumes from Indonesia of 137k was up from zero last year. Volumes from Australia totaled 2.0Mt (up 145K Year on Year), while import from India of 351k was less than half of the 765k imported in March last year.
These changes to a more ton mile intensive trade are very positive for the Panamax and Cape segments, which are the preferred carriers of the long-haul shipments from the Atlantic.