Freight of coal shipped from five stations under Hohhot rail bureau of Inner Mongolia to Caofeidian port in Hebei dropped 10% compared with the previous levels, effective May 15. Currently the freight was at 160-202 yuan/t, falling around 20-24 yuan/t from a day ago. "Freight cut will lead to cost reduction of Inner Mongolia coal at Caofeidian port and might encourage more shipments, which is likely to put the brakes on rising prices at the port," said a market source.
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