Positive factors continue to boost shipping costs

Seaborne coal freight rate continued its upward trend, with an increase of expansion. November 10, the Marine Freight Index OCFI closed at 1232.04 points, up 1.85% from the previous month. In terms of the molecular index, the East China Line Index closed at 1290.35 points, up 2.06% over the previous month. The South China Line Index closed at 1030.35 points, up 0.37% from the previous issue.

Some analysts believe that the following points are to boost the shipping line across the board. 1, Northern Port to Guangzhou Port direction or limited. It is reported that due to the higher return price of sand boats in Guangzhou Port, and not pressure Hong Kong, so the owners choose low-cost transactions, high return. 2, the recent fuel oil (380) prices all the way up to 371.06 US dollars / ton, a substantial increase in costs, supporting the owner price hikes, the asking price is more firm. 3. In 2017, the imported coal indicators have all been used up. Large-scale coal-consuming enterprises switched to domestic coal and the demand for domestic shipping increased substantially. 4, northern port windy weather more often, closure of air traffic conditions, capacity turnover is slow, the market available to ship small. It is estimated that the follow-up tariff will continue to fluctuate higher.