According to China Customs data, in the first eight months of this year, China imported 802 million tons of iron ore, down 1.6%, with the average import price falling 14.1%; crude oil imports reached 376 million tons, up 2.5%, with the average price declining 12.9%; coal imports totaled 300 million tons, down 12.2%, with the average price dropping 25%; natural gas imports totaled 81.913 million tons, down 5.9% with an average price decrease of 7.1%; soybean imports reached 73.312 million tons, up 4% with an average price decrease of 11.9%; refined oil imports amounted to 26.733 million tons, down 17.8% with an average price decrease of 3.9%.

Additionally, imports of primary plastics totaled 17.918 million tons in the first eight months of this year, down 6.8% year-on-year, with the average price falling 0.4%. Imports of unwrought copper and copper products reached 3.536 million tons, down 2.1%, while the average price rose 5%.

As an integrated internet platform providing benchmark prices, on September 16, the SunSirs iron ore (Australian) benchmark price was 807.89 RMB/ton, up 1.75% from 794 RMB/ton at the beginning of the month.

On September 16, the SunSirs liquefied natural gas benchmark price was 3876 RMB/ton, down 2.02% from 3956 RMB/ton at the beginning of the month.

On September 16, the SunSirs soybean benchmark price was 4312 RMB/ton, unchanged from the beginning of the month.

Application of SunSirs Benchmark Pricing：

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.