China's ports report rising cargo throughput in Q1

China's ports recorded a robust growth of cargo throughput in January amid the country's steady economic recovery, data from the Ministry of Transport showed.

Cargo throughput at ports climbed 17.4 % year-on-year to 1.29 billion tonnes in January, the ministry said.

In January, container handling volume at China's ports amounted to 23.77 million twenty-foot equivalent units, up 13.2 % from a year ago.

Flow of cargo from China to Europe has been a topic impacting directly on the cost and availability of goods - including fasteners - with a shortfall in containers seeing costs more than triple.

In addition to the increase in cargo throughput, China's daily output of crude steel also rose in the early months of 2021, up 24% in February.

Reporting by, additional commentary from Torque Magazine. 

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