China December customs data show that Chinese raw materials, “appetite” is still great, China crude oil imports in December hit a record high, refined oil imports rose nearly 30%; annual iron ore imports more than 10 tons, year-on-year surge 7.5%, a record high; coal imports soared throughout the year rose 25%.

Chinese December crude oil imports 36 million 380 thousand tons, equivalent to 8 million 600 thousand barrels per day of crude oil imports, a record high, an increase of 12.5%, refined oil imports 2 million 590 thousand tons, growth of nearly 30%.

This means that the Chinese dependence on foreign oil to rise further, “2016 domestic and international oil and gas industry development report” shows that the dependence on foreign oil is 65.5%. Vice President Jiang Xuefeng quoted the interface Economic Research Institute of petroleum, crude oil dependence rise partly because domestic crude oil production, while demand has not diminished.

The number of copper imports in December is quite good, imports of 490 thousand tons, an increase of nearly 30%. The year 2016, the annual iron ore imports more than 10 tons, compared to 2015 growth of 7.5%; imported 2.5 tons of coal, compared to 2015 soared 25%; crude oil imports more than 3.8 tons, an increase of 13.5% compared to 2015.

This surge in coal and iron ore imports and domestic production capacity is related to. The market generally view, since this year, due largely to capacity, Chinese coking coal supply shortages rose sharply to stimulate the price. Driven by this, iron ore prices have soared, Glencore and other parts of the world have resumed production of mines. Under this background, the import of coal and iron ore in Chinese.

Senior economist Justin Smirk said the Western Pacific Bank, is expected to 2017 iron ore imports will continue to increase, the supply of iron ore from Australia and Brazil will continue to enter the market Chinese.

According to Metal Bulletin data, Qingdao port 62% grade iron ore price last month rose to a two-year high of $83.58 yesterday, the price is about $80.99. Since 2015 fell to a low of $40 in the following, the iron ore price rise in every quarter.