Another day to witness history
The daily limit of iron ore, rebar, coking coal, glass, hot coil, etc. hit a record high, and wire rods also hit the daily limit. Most basic metal also rose.
OCEAN FREIGHT RATES RISE TO FIVE-YEAR HIGH
Asia-Europe ocean freight spot prices climbed again last week, taking average global prices to a five-year high, analysis by Drewry reveals, as ongoing capacity reductions propelled spot rates higher and higher.