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Top News In Shanghai Export Containerized Freight Index Today - Breaking & Trending Today

Red Sea distortion plus Mexico and Brazil record imports from China have seen shipping rates balloon

The global container shipping capacity has been strained due to the Red Sea/Suez Canal situation and a restocking cycle in the U.S. and Europe with strong purchasing of Chinese goods. On May 17, the Shanghai Export Containerized Freight Index (SCFI) rose to 2520.76 points, a 9.3% increase from the previous week and more than a 130% increase since the Red Sea crisis in December, points out the Shanghai Shipping Exchange. ....

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Both Copper Semis Import and Export Posted Seasonal Recovery in February_SMM

SMM estimates that China imported 41,000 mt of copper semis in February, up 78.3% month-on-month and 13.1% year-on-year. The imports are estimated to total 64,000 mt from January to February, down 19% year-on-year. ....

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