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#FreightCost
As Ocean freight rates have dropped by $10-15/t since Nov. What are the possibilities in future lets understand
Reasons of drop:
- As Winter Olympics are near so China wants clean environment so reducing fossil fuels consumption
As Ocean freight rates have dropped by $10-15/t since Nov. What are the possibilities in future lets understand
Reasons of drop:
- As Winter Olympics are near so China wants clean environment so reducing fossil fuels consumption
- China instructed large power consuming industries to lower the production and it ramped up its coal production from 11 Mnt to 12Mnt so because of that China's coal stock has returned from its low
- Short term demand disruption of Coal Import from China led to less congestion on ports
- After the Evergrande collapse in China, Its real estate sector impacted negatively and iron ore & related commodities consumption came down
- After the Evergrande collapse in China, Its real estate sector impacted negatively and iron ore & related commodities consumption came down
