China's weekly coastal bulk freight index up 2.5 pct

Xinhua
23 May 2020, 10:14 GMT+10

BEIJING, May 23 (Xinhua) -- China's coastal bulk freight market has seen an increase in general demand in the week ending May 22, according to the Shanghai Shipping Exchange (SSE).

The composite index for coastal bulk freight edged up 2.5 percent week on week to 1,073.3, the SSE said.

The coal sub-index went up 2.8 percent to 1,100.75, and the sub-index for oil products rose 2.3 percent to 1,421.04.

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.

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