Northeastern China imported 21.03 million mt metal ores in the first half of 2014, up 25% year on year, Chinese port operator Dalian Port (PDA) Company said in its interim report filed to Hong Kong Stock Exchange Monday, September 15.
Northeastern China comprise Liaoning, Jilin and Heilongjiang Provinces.
The company attributed the higher import volume to the gradual stabilization of the domestic economy, with stronger demand for ores by the collateralized borrowing sector.
The metal ores the region imports include bauxite, iron ores, copper concentrates, manganese ores, zinc and lead concentrate.
A breakdown of imports according to the type of ore were not disclosed.
Dalian Port's H1 gross profit derived from its metal ore business totaled Yuan 36 million ($5.8 million), down 27% year on year.
It didn't provide a net profit figure. Revenue from the metal ore business was Yuan 129 million, down 10% year on year.
