China's coastal bulk freight index drops in July

Time:2019-08-12 17:21:26      Source: xinhuanet.com

A container ship docks at a port in Qingdao, East China's Shandong province.

China's coastal bulk freight market saw an overall decline in demand in July, according to the Shanghai Shipping Exchange (SSE).

The composite index for coastal bulk freight dropped 6 percent month on month to 977.26 in July, the SSE said.

The index had averaged 1,021.01 since the beginning of 2019, down from an average of 1,149.05 for 2018.

Last month, the sub-index for coal saw the largest fall of 7.8 percent, followed by grain and metal ore.

Against the downward trend, the sub-index for oil products grew 0.9 percent in July.

The sub-index for crude oil remained flat.

The SSE initiated the index in 2001 under the guidance of the Ministry of Transport to reflect the fluctuation of the Chinese coastal transport market.

Index RMB/t DoD Basis Date
Datong 5500 455 0 ex-mine 07-01
Shuozhou 5200 445 0 FOR 07-01
Ordos 5500 420 0 ex-mine 07-01
Yulin 6200 540 0 ex-mine 07-01
Liulin Low-sulphur 565 0 ex-mine 07-01
Gujiao Low-sulphur 1095 0 FOR 07-01
Xingtai Low-sulphur 1210 0 ex-Factory 07-01
Yangquan PCI 795 0 FOR 07-01
Index RMB/t WoW WoW% Date
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