China cuts rail freight fees

Time:2019-04-02 09:26:04 Source: xinhuanet.com

China started to lower rail freight fees Monday to support the real economy, according to China Railway Corporation.

Fee cuts are expected to amount to about 6 billion yuan (around 893 million U.S. dollars) per year.

The move came after a sequence of measures unveiled by the country from 2017 to reduce rail freight fees by more than 20 billion yuan.

The country also announced plans to lower value added tax for rail freight on Monday.

Index	RMB/t	Basis	Date
Datong 5500	450	ex-mine	06-13
Shuozhou 5200	435	FOR	06-13
Ordos 5500	415	ex-mine	06-13
Yulin 6200	535	ex-mine	06-13
Liulin Low-sulphur	570	ex-mine	06-13
Gujiao Low-sulphur	1095	FOR	06-13
Xingtai Low-sulphur	1210	ex-Factory	06-13
Yangquan PCI	770	FOR	06-13

Index	RMB/t	WoW	WoW%	Date
Qinhuangdao	620.0	-38.0	-5.78	06-12
Caofeidian	528.0	-39.0	-6.88	06-12
Huanghua	178.3	-12.0	-6.31	06-12
Guangzhou	290.0	13.0	4.69	06-12
coastal 6PPs	1629.8	44.7	2.82	07-02
North Ports	2697.8	53.0	2.00	02-01
Yangtze River delta	1242.5	-74.7	-5.67	02-01
South Ports	2233.4	-216.0	-8.82	02-01