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Home / Metal News / Effect of Shipwrecks on Ocean Freight

Effect of Shipwrecks on Ocean Freight

Oct 16, 2017 10:44

Source:SMM

As per SMM research, cost of each shipping company has increased since shipwreck of last week.

SHANGHAI, Oct. 16 (SMM)－As per SMM research, cost of each shipping company has increased since shipwreck of last week. Today’s ocean freight of nickel ore rises $1 per wet tonne. Freight from Surigao Philippines to Lianyungang China has risen to $10.5 per wet tonne.

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sallyzhang@smm.cn or service.en@smm.cn.

nickel

ocean freight

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

The average price of Ni 1.5% Philippine laterite nickel ore stood at $82/wmt last week, flat on the week.

Nov 8, 2021 14:23

Analysis

Nickel Ore Prices Stood Flat, Ocean Freight Pulled Back amid Weak Demand

SMM Morning Comments (Oct 11): Base Metals Rose across the Board on Low Employment Data

Shanghai base metals all trended higher on Monday morning boosted by the unexpectedly low US employment data. Meanwhile, their counterparts on LME trended mixed.

Oct 11, 2021 09:59

SMM Comments

SMM Morning Comments (Oct 11): Base Metals Rose across the Board on Low Employment Data

SMM Evening Comments (Oct 8): Shanghai Nonferrous Metals Closed with Gains amid Mitigated US Debt Risks

Shanghai nonferrous metals closed all in the positive territory as the US debt risks have been contemporarily mitigated.

Oct 8, 2021 19:00

SMM Comments

SMM Evening Comments (Oct 8): Shanghai Nonferrous Metals Closed with Gains amid Mitigated US Debt Risks

SMM Morning Comments (Sep 15): Base Metals Fell across the Board against Peaking Inflation

Shanghai base metal basically trended lower on Wednesday morning against the lower-than-expected US CPI increase in August. Meanwhile, their counterparts on LME mostly cruised higher.

Sep 15, 2021 10:00

SMM Comments

SMM Morning Comments (Sep 15): Base Metals Fell across the Board against Peaking Inflation

Import Window Remained Open to Drive Continued Declines in Pure Nickel Inventory from Bonded Zones

According to SMM survey, import profits rose as the SHFE/LME nickel price ratio advanced this week. In addition, traders that had locked in the SHFE/LME price ratio last week moved goods into the domestic market for delivery.

Sep 10, 2021 17:01

Analysis

Import Window Remained Open to Drive Continued Declines in Pure Nickel Inventory from Bonded Zones

SMM Morning Comments (Sep 8): Most SHFE Base Metals Ended Lower as US Dollar Rebounded for Two Consecutive Days

Shanghai base metals mostly fell in the evening trading on Tuesday as the US dollar index rebounded for two consecutive days.

Sep 8, 2021 09:56

SMM Comments

SMM Morning Comments (Sep 8): Most SHFE Base Metals Ended Lower as US Dollar Rebounded for Two Consecutive Days

Philippine Nickel Output Surged 39% and Copper Output Plummeted 24% YoY

The latest data released by the Philippine Bureau of Mines and Geological Sciences show that in the first half of 2021, the Philippines produced a total of 151,646 mt of nickel, up 39% on the year, valued 21.42 billion pesos.

Sep 3, 2021 17:28

Analysis

Philippine Nickel Output Surged 39% and Copper Output Plummeted 24% YoY

Nickel Inventory in Bonded Zone Declined amid Wider Import Profits

Pure nickel inventory in the bonded zone declined over 1,400 mt this week, according to SMM data.

Sep 3, 2021 15:47

Analysis

Nickel Inventory in Bonded Zone Declined amid Wider Import Profits

Nickel Ore Prices Kept Rising amid Tight Supply Due to the Pandemic, Ocean Freight Remained High

The average price of 1.5% Philippine laterite nickel ore stood at $87/mt last week, up $3/mt on the week.

Aug 24, 2021 14:44

Analysis

Nickel Ore Prices Kept Rising amid Tight Supply Due to the Pandemic, Ocean Freight Remained High

Zinc, Copper and Nickel Mining by Chinese Companies Approved in Myanmar

Myanmar government has approved 18 companies from China, Australia, Thailand, Vietnam, South Korea, Russia, Japan and Singapore engaging in the mining of zinc, nickel and copper.

Jan 4, 2016 17:32

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Effect of Shipwrecks on Ocean Freight

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit