CICC Wealth Futures: Oil prices rise again, providing cost support to the shipping market

Recently, crude oil prices have risen again, providing cost support to the shipping market. Under the expectation of the seasonal cycle transition between peak and off-peak periods, major shipping companies are showing a clear willingness to maintain prices and have begun gradually announcing May quotes. Currently, shipping capacity remains sufficient, and with European economic data remaining weak, whether actual freight rates can follow the increase still needs to be validated by increased cargo volume. It is recommended to adopt a wait-and-see approach and pay attention to the changes in price differences between near-term and long-term contracts. (CICC Wealth Futures)

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