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Coastal transport market conditions this week rebounded. On November 24, the coastal (bulk) freight index issued by Shanghai Shipping Exchange closed at 1712.57 points, up 2.3% from last week. Among the major cargoes, the freight index for coal and metal ore increased or decreased, the grain freight index fluctuated, and the freight index for crude oil and refined oil remained stable.
Coastal coal transportation market conditions oscillated this week. On November 24, the cargo index closed at 2,209.69 points, up 3.2% from the previous week. The rising coal prices in major shipping ports in the North have fluctuated this week, and coal prices in the coal market in Tianjin have stabilized. The transient stimulus to the price of coal in the very cold of the century has subsided, and widespread fears about high coal prices remain lingering. Some coal-fired power plants in the eastern part of China’s coastal areas have experienced high levels of coal inventories this week. Coal demand has started to increase, transportation is active, and freight rates have risen. However, due to the influence of the Asian Games, the volume of goods shipped from Qinhuangdao to Guangzhou weakened, and some of the pallets were unloaded in the surrounding areas of Guangzhou. As a result, the freight rates of South China routes were mixed. On November 24th, the freight indices of Qinhuangdao to Shanghai and Ningbo routes closed at 2525.13 points and 1972.5 points respectively, up 1.7% and 5.0% respectively from last week; the freight index of Qinhuangdao to Guangzhou route closed at 1851.87 points, compared with the previous week. Rose 1.0%.
Coastal metal ore transport was also active this week, and the market fluctuates. On Nov. 24, the cargo index closed at 1153.96 points, up 1.1% from last week. Among them, the freight rate of Beilun-Nantong route increased by RMB 1/t to RMB 20/t; the freight index of this route closed at 1,174.47 points, up by 4.9% from last week.
Coastal grain transport prices have risen or declined this week. On November 24, the cargo index closed at 1463.04 points, a slight increase of 0.2% from last week. Snowfall in Northeast China affected short-distance transportation, coupled with a serious attitude of farmers reluctant to sell, and this week's northern port corn prices rose by 20 to 30 yuan/ton from the previous period. While the volume of the South is adequate. The price of corn in the north and south was partially upside down. The shipment volume decreased and the freight rate fell. On November 24, the Yingkou-Shenzhen route market price index closed at 1318.93 points, down 5.3% from last week.
Coastal crude oil and refined oil tariffs remained stable this week, and traffic volumes increased. Recently, a series of measures such as the increase in diesel production, the increase in diesel imports, and delays in the maintenance of refineries have achieved initial success in alleviating the diesel shortage. According to the “Daily Economic News†report, Sinopec and PetroChina’s two major groups stated that their consecutive 8 months of declining diesel inventories began to rebound after November 19, and diesel stocks are expected to reach normal levels at the end of December.
Coastal coal transportation market conditions oscillated this week. On November 24, the cargo index closed at 2,209.69 points, up 3.2% from the previous week. The rising coal prices in major shipping ports in the North have fluctuated this week, and coal prices in the coal market in Tianjin have stabilized. The transient stimulus to the price of coal in the very cold of the century has subsided, and widespread fears about high coal prices remain lingering. Some coal-fired power plants in the eastern part of China’s coastal areas have experienced high levels of coal inventories this week. Coal demand has started to increase, transportation is active, and freight rates have risen. However, due to the influence of the Asian Games, the volume of goods shipped from Qinhuangdao to Guangzhou weakened, and some of the pallets were unloaded in the surrounding areas of Guangzhou. As a result, the freight rates of South China routes were mixed. On November 24th, the freight indices of Qinhuangdao to Shanghai and Ningbo routes closed at 2525.13 points and 1972.5 points respectively, up 1.7% and 5.0% respectively from last week; the freight index of Qinhuangdao to Guangzhou route closed at 1851.87 points, compared with the previous week. Rose 1.0%.
Coastal metal ore transport was also active this week, and the market fluctuates. On Nov. 24, the cargo index closed at 1153.96 points, up 1.1% from last week. Among them, the freight rate of Beilun-Nantong route increased by RMB 1/t to RMB 20/t; the freight index of this route closed at 1,174.47 points, up by 4.9% from last week.
Coastal grain transport prices have risen or declined this week. On November 24, the cargo index closed at 1463.04 points, a slight increase of 0.2% from last week. Snowfall in Northeast China affected short-distance transportation, coupled with a serious attitude of farmers reluctant to sell, and this week's northern port corn prices rose by 20 to 30 yuan/ton from the previous period. While the volume of the South is adequate. The price of corn in the north and south was partially upside down. The shipment volume decreased and the freight rate fell. On November 24, the Yingkou-Shenzhen route market price index closed at 1318.93 points, down 5.3% from last week.
Coastal crude oil and refined oil tariffs remained stable this week, and traffic volumes increased. Recently, a series of measures such as the increase in diesel production, the increase in diesel imports, and delays in the maintenance of refineries have achieved initial success in alleviating the diesel shortage. According to the “Daily Economic News†report, Sinopec and PetroChina’s two major groups stated that their consecutive 8 months of declining diesel inventories began to rebound after November 19, and diesel stocks are expected to reach normal levels at the end of December.
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