Unprecedented times: Against the green trend markets praise the burning coal

Caio Alves
게시됨 2020년 4월 1일
Indicators are showing signs of economic recovery in China, of which it can translate into a global come back for trading and shipping markets in the next months.
A meaningful data is the energy consumption, if we look back to the mineral usage in February-20 when COVID-19 was peaking in the country, a 36% decline on the burning coal has been reported compared to the same period last year, and at mid-March the dip was slightly -6%.
Countries' railway have regained 93% of its main projects, and more than 90% of markets, shops and malls in China reopened. Yet small and medium-sized businesses are also returning to their activities.

However a conflicting logistics conjuncture has been showing that ports are not clearing out accordingly. Although the Asian country has been struggling to clear cargoes backlog, logistics channels seem to be shut down in other big economies, preventing import and export flows in the short term to effectively happen.
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