CHEMICALS

摘要

All the key routes out of the USG, with the exception of the less volatile routes to India and the Caribbean registered reductions in freight levels this month. Eastbound transatlantic was hardest hit, but that is mainly because the really high rates of the $70s/t and $80s/t that were being achieved were a bubble and not sustainable when an influx of tonnage came on berth. Rates subsequently fell into a more realistic mid-high $60s/t, and with plenty of styrene, glycols, phenol, ACN and CX quoted it is reasonable to assume these new levels will bottom out.