China's economic resumption makes raw material imports rise
Time:Tue, 18 Apr 2023 09:01:30 +0800
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In the first quarter, China's crude oil, natural gas, and coal imports increased significantly, growing by 9.1% year on year in import value. With China's economy rebounding, demand for fuel went up greatly. Also, the economic resumption caused the steel market to become strong, further making iron ore imports rise from the previous year.
The impact of the Covid-19 epidemic and the Lunar new year no longer exists, so the supply chain is back to normal. However, the global economy's recession continues, which might still have a potential negative impact on China's export market.
