China's weekly coastal bulk freight index down 2.9 pct

Source: Xinhua| 2020-06-06 20:25:06|Editor: huaxia

BEIJING, June 6 (Xinhua) -- China's coastal bulk freight market has seen a decrease in general demand in the week ending June 5, according to the Shanghai Shipping Exchange (SSE).

The composite index for coastal bulk freight edged down 2.9 percent week on week to 1,025.3, the SSE said.

The coal sub-index went down 5.1 percent to 1,006.73, and the sub-index for oil products rose 3.4 percent to 1,529.19.

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