News Formal

Business Maverick: Infrastructure bottlenecks hamper Russia’s booming coal exports to China

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 84%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Russian coal exports to energy-hungry China have jumped by about a third this year but the supply boom is being constrained by transport infrastructure limitations, industry sources and officials said.

China is seeking coal supplies from overseas, in particular after recent Covid-19 outbreaks in the major coal mining regions of Inner Mongolia and Shaanxi forced many mines to close, while coal demand at power generation and heating sectors will soon pick up with the coming of winter.

But now with more exports heading east towards Asia as opposed to west towards Europe, bottlenecks are appearing. Russian First Deputy Prime Minister Andrei Belousov has acknowledged the problem with infrastructure constraints, saying this month that the situation with coal exports and congestion on the rail system had not stabilised, though it was improving.from Russia fell to 6.95 million tonnes last month, down from a peak of 8.54 million tonnes in August, according to China’s customs data.

“We would expect China’s coal imports from Russia to decrease due to the cool weather, which will limit port loading, and the rail logistics cap will also help to put a lid on,” the Chinese coal trader said.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Business Maverick: Gains in global stocks eroded by turmoil in China: markets wrapGlobal equities clung to the slimmest of gains on Tuesday as volatility gripped Chinese stocks while other key markets around the region followed Wall Street higher amid optimism from early US corporate earnings reports.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »

Business Maverick: Stock rally loses its shine as China shares plunge: markets wrapA slump in Chinese stocks took the shine off a rally in equities in other major Asia markets on Monday while Treasury yields slipped from multi-year highs.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »