Shanghai Containerized Freight Index Rises 2.2% to 3276.14 Points; China July Exports Up 23.9%
On August 7, the Shanghai Containerized Freight Index stood at 3276.14 points, up 2.2% from the previous period. China's container shipping market remained stable this week, with freight rates on most deep-sea routes moving higher. Data from the General Administration of Customs showed that China's July exports rose 23.9% year-on-year in US dollar terms.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is positive for Shipping & Ports, with intensity 60/100 and 80% confidence over a short term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.