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China’s Traffic Levels Take a Hit but Remain Strong: BNEF

OIL PRODUCTS

China’s road congestion levels fell 4% in the week to May 22, according to BNEF.

  • However, they remain at 138% of January 2021 levels, BNEF added.
  • The fall follows a surge of around 48% during the previous week as traffic ticked up from Labor Day.
  • Despite the drop, China’s congestion remains elevated – around 14 percentage points up on the year.

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China’s road congestion levels fell 4% in the week to May 22, according to BNEF.

  • However, they remain at 138% of January 2021 levels, BNEF added.
  • The fall follows a surge of around 48% during the previous week as traffic ticked up from Labor Day.
  • Despite the drop, China’s congestion remains elevated – around 14 percentage points up on the year.

Keep reading...Show less