China's cargo transport back to normal growth

Time:2020-07-20 10:21:55      Source:Xinhuanet.com

China's cargo transport industry reported faster growth in June with business activities recovering to normal levels, industry data showed.

The China Transportation Services Index (CTSI) stood at 153.9 points last month, down 11.5 percent year on year, according to the China Academy of Transportation Sciences (CATS).

The decrease narrowed from the 16.5-percent drop recorded in May.

The subindex for cargo transport jumped 5 percent year on year to 185.2 points last month, with the growth faster when compared with the 0.8-percent rise in May and keeping almost the same level as that of last year.

Meanwhile, shrinkage in passenger transport further narrowed, with the subindex of passenger transport down 43.1 percent, narrowing by 6.1 percentage points from May.

With production and living orders restored amid waning COVID-19 impact, China's cargo transport growth is basically back on track, said the CATS report.

The CTSI incorporated the transport volume of passengers and cargo of various transportation means including railways, highways, waterways and civil aviation. With 2010 as the base year and 100 points as the base value, the index includes passenger transport and cargo transport as two subindexes.

Index RMB/t DoD Basis Date
Datong 5500 700 0 ex-mine 05-04
Shuozhou 5200 680 0 FOR 05-04
Ordos 5500 700 0 ex-mine 05-04
Yulin 6200 780 0 ex-mine 05-04
Liulin Low-sulphur 900 0 ex-mine 05-04
Gujiao Low-sulphur 1770 -50 FOR 05-04
Xingtai Low-sulphur 2360 0 ex-Factory 05-04
Yangquan PCI 1280 -30 FOR 05-04
Index RMB/t WoW WoW% Date
Qinhuangdao 507.0 1.0 0.20 05-04
Caofeidian 541.0 9.0 1.69 05-04
Huanghua 216.9 12.4 6.06 05-04
Guangzhou 291.2 3.0 1.04 04-27
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
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