Logistics costs in China increase by eight percent in H1

Wednesday, 31 July 2019 11:12:35 (GMT+3)   |   Shanghai
       

In the first six months of the current year, total logistics costs in China amounted to RMB 6.6 trillion ($0.96 trillion), up 8.0 percent year on year, as announced by China’s National Development and Reform Commission (NDRC). In particular, in the given period China’s transportation costs amounted to RMB 3.4 trillion ($0.49 trillion), indicating a year-on-year increase of 7.4 percent, storage costs amounted to RMB 2.3 trillion ($0.33 trillion), up 8.9 percent year on year, while management costs totaled RMB 0.8 trillion ($0.12 trillion), up 8.3 percent year on year.


Similar articles

Ex-ASEAN billet exporters bullish after news from China

25 Apr | Longs and Billet

Ex-China wire rod prices stable, ex-ASEAN mills aim higher amid non-VAT inspections

25 Apr | Longs and Billet

Chinese HDG export prices rise further, but at slower pace

25 Apr | Flats and Slab

Rises in ex-China rebar prices push up ex-ASEAN offers

19 Apr | Longs and Billet

Asian wire rod prices increase, outlook also positive thanks to China

18 Apr | Longs and Billet

Tradable import billet prices fail to improve in SE Asia, demand focused on traders taking positions

18 Apr | Longs and Billet

Chinese HDG export prices rise amid hikes in local and futures prices

18 Apr | Flats and Slab

Local Chinese scrap prices increase, demand recovery limited

17 Apr | Scrap & Raw Materials

Ex-ASEAN deal prices increase amid stronger China, demand mostly from MENA

16 Apr | Longs and Billet

Ex-China HRC prices relatively stable but with some upward bias amid improved mood locally

16 Apr | Flats and Slab