For the first seven months of the year iron ore imports rose 6.7%, and if August's official numbers are in line with the Kpler estimate, this pace of growth is likely to increase.
Up 6.7% for same period last year, and last year was an all time record with 1.18 billion tonnes being imported.
From the graph above there is a tendency for imports to increase when price is lower and vis a versa.
Interesting to see where the red line heads next, if we follow the cyclic pattern as shown on the graph, then it may well soon be heading up.
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