HK Stock Market Move | COSCO Shipping Energy Transportation (01138) falls by over 4% again, institutions predict that overall shipping rates will continue to fluctuate at high levels in the short term.

COSCO Shipping Energy Transportation (01138) fell by more than 4% again, as of the publication, dropping by 4.76% to HK$18.61, with a turnover of HK$93.76 million. On the news front, US President Trump announced the blockade of the Strait of Hormuz on April 12. Orient previously stated that the future demand increment mainly comes from two aspects: the replenishment of strategic reserves and the excess inventory demand of crude oil consuming countries due to energy security concerns. Sinolink released a research report stating that the situation in the Middle East has once again become tense this week, with the risk of escalation of conflicts increasing. The risk premium, which was gradually diminishing, has risen again. Atlantic China Welding Consumables, Inc. has lacked momentum in the market, with activity declining compared to last week. With many vessels unloading cargo, available capacity has increased relatively, causing freight rates to start decreasing. Currently, the Middle East market situation remains uncertain, with geopolitical games continuing to impact the market. Inquiries for Atlantic China Welding Consumables, Inc. have relatively decreased from last week, and overall freight rates are expected to continue fluctuating at high levels in the short term.