According to data released by the China Federation of Logistics and Purchasing on the 6th, the global manufacturing purchasing managers' index ((PMI)) was 55.6% in February, up 1.2% from the previous month, and remained above 50% for eight consecutive months, indicating that the trend of global economic recovery has strengthened.

BPI is currently on an upward path, rising by more than 40% since April 2020 (the lowest is 710), and began to accelerate in February this year. In addition, due to higher rates for all types of ships, the Baltic dry bulk freight index rose 50 points, or 2.81%, to 1829 points on Friday, the highest level since Feb. 18. In the secondary market, Hong Kong Pacific Shipping continues to rise after the Spring Festival. The rise is mainly due to the rapid rebound in global demand for dry bulk commodities this year, particularly from China and the global grain trade, which have driven strong market rates so far this year. According to statistics, on February 28 of the beginning of the year, the freight rate of handy ships rose sharply by 59.9%, reaching an all-time high since 2011.

After the second half of 2020, the prosperity of the shipping sector has rebounded obviously, from shock to recovery. With the cycle of the east wind has begun, the industry from recovery to prosperity, the performance of shipping companies is expected to continue to pick up, the plate market can be expected. In particular, after entering 2021, the market expects the economic recovery to accelerate, the commodity bull market intensifies, and commodities such as crude oil and copper soar, helping commodity prices hit an eight-year high. The demand side of shipping is constantly improving, trade between countries is expected to be more frequent, and the freight demand for commodities and industrial products is expected to rise significantly, which is good for listed companies in shipping, ports and other sectors.

According to the theme database of the Financial Associated Press, the relevant listed companies, such as COSCO Haite, COSCO Haineng and Ningbo Shipping, are expected to benefit from the rebound in shipping, as well as Qingdao Port and Ningbo Port, where throughput benefits from capacity investment and business expansion.