Global EditionASIA 中文双语Français
Home / Business / Industries

China's coastal bulk freight index drops in July

Xinhua | Updated: 2019-08-11 13:09
A container ship docks at a port in Qingdao, East China's Shandong province. [Photo by Yu Fangping/for China Daily]

BEIJING - 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.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349