Ningbo Port, a major trade hub in east China's Zhejiang Province, imported 4.35 million tons of liquefied chemicals for 3.9 billion US dollars in the first 11 months of this year, a growth of 19.2 percent and 29.6 percent, respectively, year on year.

Local customs sources said arrivals of liquefied chemicals at the port, which boasts the largest handling capacity for such goods in China, will amount to 5 million tons for the whole of the year.

In August Ningbo opened three new berths at Zhenhai harbor, making it capable of accomodating 5.5 million tons of liquefied chemicals annually.

The customs sources said the growth in both quantity of liquefied chemical arrivals and import value owed to increasing demand at home and price hikes for such chemicals, which were driven up by rises in oil prices globally.

Between January and November, Ningbo port mainly bought liquefied chemicals from the Republic of Korea, China's Taiwan province, Saudi Arabia and the United States, the customs sources added.

Source: Xinhua