Falling China freight cost closes coal arbitrage

摘要

China’s falling domestic freight rates have helped Chinesecoal gain a price advantage over Australian supply andclosed the arbitrage for spot Australian cargoes to southernChinese ports.Freight rates between the China’s coal transshipmentport of Qinghuangdao, in the north, and southern Guangzhouport have fallen by 43.4pc, or 14.50 yuan/t ($2.28/t), sincethe middle of July to Yn18.90/t.