中国7月稀土出口环比跌23%，大豆进口创历史最高，铁矿石进口连续三个月保持在1亿吨上方

Core Insights - China's rare earth exports fell by 23% month-on-month in July, ending a record high in June, while steel exports continued to rise, indicating mixed trends in the commodities market [1][2][3] Group 1: Rare Earth and Steel Exports - In July, China exported 5,994.3 tons of rare earth products, a decrease of 23% from June, but the total export volume for the first seven months of the year reached 38,563.6 tons, up 13% year-on-year [2] - Steel exports in July increased by 1.7% month-on-month to 9.84 million tons, marking the highest level since records began in 1990, with a total of 67.98 million tons exported in the first seven months of the year [3] Group 2: Soybean, Coal, and Oil Imports - China's soybean imports in July reached a historical high of 11.67 million tons, a year-on-year increase of 18.5%, driven by strong supply from Brazil [4] - Coal imports in July were 35.61 million tons, down 23% year-on-year but rebounding from a two-year low in June, supported by increased electricity demand due to high temperatures [5] - Crude oil imports in July totaled 47.2 million tons, averaging 11.12 million barrels per day, marking a 5.4% decrease from June but reflecting ongoing recovery in China's oil demand [6] Group 3: Overall Import Trends - In the first seven months of the year, imports of integrated circuits, copper ore and concentrates, and soybeans saw year-on-year increases of 9.5%, 8%, and 4.6% respectively, while imports of refined oil, coal, and steel declined [7][9] - The total coal import volume for the first seven months was 25.73 million tons, down 13% year-on-year, while crude oil imports totaled 32.66 million tons, reflecting a 2.8% increase [6][9]