Home / Metal News / The shipping price index continues to rise, and the container transportation market presents a case that is difficult to find (shares).

The shipping price index continues to rise, and the container transportation market presents a case that is difficult to find (shares).

iconOct 9, 2020 09:54
Source:Financial website
According to data from the Shanghai Shipping Exchange, the (SCFI) freight rate index for the latest phase of the US-West route is 3863 points, up 7 points from the previous period, and has about tripled since the end of last year. On the other hand, the BDI index, which reflects dry bulk rates, hit an one-year high of 2097 on Oct. 6, mainly boosted by capesize freight increases. Analysts believe that behind this is China's strong demand for commodities such as iron ore and coal.

SMM: according to data from the Shanghai Shipping Exchange, the (SCFI) freight index of the latest US-West route is 3863 points, up 7 points from the previous period, and has tripled since the end of last year. On the other hand, the BDI index, which reflects dry bulk rates, hit an one-year high of 2097 on Oct. 6, mainly boosted by capesize freight increases. Analysts believe that behind this is China's strong demand for commodities such as iron ore and coal.

Experts interviewed said that the foreign trade data in July and August showed that the recovery of foreign trade demand was better than expected. Although the number of flights between the United States and the West is resuming, it is still unable to match the pace of market demand expansion at this stage. There has been a shortage of containers in the market for months, and some container manufacturers have been waiting for orders until February next year. China International Capital Corporation Yang Xin believes that the share of the top 10 largest capacity in the collection and transportation industry has increased to 83% from less than 60% a decade ago, and the support level of freight rates after the peak season is expected to exceed expectations.

Index. Shipping
mining
production capacity
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