Freight market

摘要

Global CFI keeps going down. This week, the index has dropped by another $0.06/t amid continuing decrease in freight rates inthe Gulf of Finland ($0.32/t down), the Lower Baltic ($0.21/t down) and the North Sea ($0.05/t down). Azov Sea CFI has sagged by$0.31/t after increasing slightly in May. The freight rates have held largely steady in the Black and Mediterranean Seas. Meanwhile,charterers keep stating their terms due to sluggish commodity flow. Global ISM Commodity Index has fallen by 2.3 points this week.Prices for grain of the new crop are lower than spot export quotes for the product of the old harvest. Exports of Black Sea wheat arevery slow; meanwhile, maize of the old crop is sold at a moderate pace. North African buyers show quite steady interest in squarebillets, while demand for rebar is extremely weak. Demand for coal has weakened sharply in West Europe. Despite the fact thatTurkish importers express rather lively interest in July shipments of scrap, deals are sporadic.