中国6月稀土出口创2009年来最高，铁矿石进口创年内新高，钢铁二季度出口创纪录

Core Insights - In June, China's imports increased by 2.3% year-on-year, marking the first growth since February this year, while exports rose by 5.2%, reaching the second-highest monthly trade volume in history [1] - Notably, rare earth exports surged to 7,742.2 tons in June, a 32.4% month-on-month increase and a 60% year-on-year increase, reaching the highest level since 2009 [2] - Iron ore imports reached nearly 106 million tons in June, the highest level of the year, supported by strong steel exports [3] Import and Export Data - June saw significant increases in various commodities: - Soybean imports remained high at 12.26 million tons, up 10.35% year-on-year [3] - Crude oil imports approached 50 million tons, a three-month high, with a year-on-year increase of 7.39% [3] - Natural gas imports rose to 10.54 million tons, the highest since January, with a year-on-year increase of 1.14% [3] - Conversely, coal imports plummeted to 33 million tons, the lowest level since February 2023, reflecting a year-on-year decline of 25.93% [3][5] Trade Dynamics - The steel export volume for the second quarter exceeded market expectations, with finished steel exports reaching 30.7 million tons, an 11% year-on-year increase [2] - Despite the U.S. imposing tariffs on steel and aluminum, exports to Southeast Asia and the Middle East, particularly Saudi Arabia, have increased [2] - The overall import value of major commodities is significantly influenced by international price fluctuations, with crude oil, iron ore, and soybeans seeing price declines that affected overall import growth [7]