Shanghai Shipping Exchange: This week’s coastal composite freight index saw a slight increase
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Although downstream sectors are in the traditional coal off-season, demand from non-electricity industries remains strong. Coupled with rising stocking expectations ahead of the May Day holiday, sentiment for domestic coal procurement has improved, and the composite coastal bulk cargo index has increased. On April 24, the Shanghai Shipping Exchange released the China Coastal Composite Freight Index, closing at 1241.49 points, up 3.4% from the previous period.
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