Shanghai Shipping Exchange: Market cargo release limited, comprehensive index under pressure to decline.

According to the Shanghai Shipping Exchange, this week, Typhoon "White Dolphin" has passed through, bringing extensive rainfall to many regions and alleviating high temperatures. The daily consumption of downstream power plants has decreased, reducing stocking pressure. Meanwhile, coal prices at the production level remain high, leading to increased procurement costs for downstream buyers. There is a strong wait-and-see sentiment at the terminal, with emphasis mainly on long-term contracts for replenishment. Market transactions are relatively few, and the release of cargo space is limited, putting downward pressure on the comprehensive index. On August 14, the China Coastal Comprehensive Freight Rate Index published by the Shanghai Shipping Exchange was reported at 1243.09 points, a decrease of 0.5% from the previous period.