Chinese shipping stocks back to vomit BDI suspension and follow-up was seen light

Source: Internet
Author: User
Keywords Shipping rally
The Chinese Ocean Shipping unit, which benefited from the recent rally in the Baltic Dry Bulk Shipping Index (BDI), had a full return this morning, with China Ocean (01919-HK) and Pacific Shipping (02343-HK) falling by about 4.5% per half, the Sino-Sea Development (01138-HK) and CSCL (02866-HK  ) also soft 3.65% and 2.03%. The BDI index also ended a 23-day consecutive rally, closing down 4.6% to 4,093 points in Thursday. Some market comments suggest that, while the BDI continues to climb and rise more than once in China's continued import of iron ore, the oversupply of subsequent vessels may BDI in the fourth quarter. Shipping stocks are expected to fall in the near term.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.