MNI BRIEF: EU Parliament Backs Von Der Leyen For 2nd Term

MNI: ECB LEAVES KEY DEPOSIT RATE UNCHANGED AT 3.75%

MNI China Daily Summary: Thursday, July 18

MNI BRIEF: China To Upgrade Rural Land Reform: 3rd Plenum

MNI BRIEF: China's Third Plenum Eye's Deeper Financial Reform

MNI BRIEF: China Third Plenum Expands International Opening

Employment Insurance Rises In May After Stable Trend, Up 14% YOY

MNI: US JUL PHILADELPHIA FED MFG INDEX 13.9

MNI: US JOBLESS CLAIMS +20K TO 243K IN JUL 13 WK

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EU Demand Unchanged Despite Higher China Train Freighter Activity

CHINA PRESS
MNI (BEIJING)
Metals bulletEM BulletHomepagemarkets-real-timeCommoditiesEmerging Market NewsEnergy BulletsBulletMarketsFixed Income BulletsForeign Exchange Bullets

EU demand for Chinese goods has not significantly increased despite train freighter prices increasing as much as 20% in May, experts told Yicai. Hao Panfeng, deputy secretary-general of the China Container Industry Association, said exporters had turned to trains after the Red Sea crisis had pushed up shipping rates, but had not seen any significant increase in China Europe trade volumes. Tang Tingting, assistant general manager at Sichuan New Silk Road Multimodal Transport, said EU demand had picked up marginally but did not match the magnitude of the price increases.

90 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

EU demand for Chinese goods has not significantly increased despite train freighter prices increasing as much as 20% in May, experts told Yicai. Hao Panfeng, deputy secretary-general of the China Container Industry Association, said exporters had turned to trains after the Red Sea crisis had pushed up shipping rates, but had not seen any significant increase in China Europe trade volumes. Tang Tingting, assistant general manager at Sichuan New Silk Road Multimodal Transport, said EU demand had picked up marginally but did not match the magnitude of the price increases.