Today at 10:50 AM | Other | Gas | Oil

China's natural resource imports declined in May

China's natural resource imports declined in May

China's imports of most natural resources fell in May, according to customs data released today. Reuters analysts noted that the decline affected oil, coal, iron ore, and copper.

Last month, Chinese companies purchased 10.97 million barrels of crude oil per day, a decrease of over 6% from April and more than 9% from the two-year high recorded in March. However, Reuters expects China's imports to rebound in June as oil supplies from Iran, which have been affected by US sanctions, recover.

China's copper purchases in May totaled 427,000 tonnes, down 11,000 tonnes from April and 87,000 tonnes from a year ago. For the first five months of 2025, copper imports have decreased by 6.7%. Reuters experts attribute this decline to rising copper prices in anticipation of US tariffs. Chinese companies are expected to increase purchases once metal costs decrease.

Natural gas was a rare exception to the downward trend. In May, China increased its imports of natural gas by 4.5% compared to April, although the figure was still down 11% year-over-year.

Anton Volkov MarketCheese
Period: 30.06.2025 Expectation: 1800 pips
Silver to continue growth despite short-term correction
Today at 11:31 AM 9
Elizabeth_Kuzmicheva
Elizabeth_Kuzmicheva

Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
Gold sell
Period: 13.06.2025 Expectation: 4000 pips
Gold to fall to six-month trend line at 3,280
Today at 10:07 AM 36
Period: 20.06.2025 Expectation: 100 pips
Sell SPX until it hits 5,970
Today at 07:54 AM 20
Period: 20.06.2025 Expectation: 600 pips
AUDCAD declines on monetary policy divergence
06 June 2025 55
Elizabeth_Kuzmicheva
Elizabeth_Kuzmicheva

Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
Period: 13.06.2025 Expectation: 1500 pips
GBPUSD to continue updating 3-year highs
06 June 2025 86
Period: 18.06.2025 Expectation: 350 pips
Buying natural gas with target at 4.000 on expected increase in cooling demand
05 June 2025 99
Go to forecasts