Ocean freight will continue to rise in December Dec 03, 2021

Operating rate:

Industry

1st DEC

2nd DEC

Variety

PTA

74.73%

73.71%

-1.02%

Polyester

83.25%

80.80%

-2.45%

PX

74.04%

71.19%

-2.85%

Weaving

60.65%

58.93%

-1.72%

Raw material price increase:

Raw material

1st DEC

2nd DEC

Ups and downs

WTI

65.57

66.50

+0.93

CFR Taiwan PX

815.00

803.00

-12.00

PTA

4410

4388

-22

MEG

4935

4935

0

SD Chips

6050

6050

-25

POY150D/48F

7200

7200

0

FDY150D/96F

7350

7350

0

DTY150D/48F

8800

8800

0


Hot events:


1. WTI January crude oil futures closed up 1.42% to 66.50 US dollars per barrel.


2. The draft OPEC+ Communiqué shows an increase in production by 400,000 barrels per day in January. If the market changes, OPEC+ may adjust its production increase plan.


3. The crude oil output of OPEC member countries increased by 350,000 barrels per day in November, which exceeded the limit.


4. According to data from Shanghai International Energy Exchange Center, the cumulative trading volume of my country's crude oil futures from January to November 2021 was 37,695,100 lots, with a cumulative trading volume of 1,619,259 million yuan, and trading was running smoothly.


5. As space will continue to tighten, many freight forwarding companies predict that ocean freight rates will continue to rise in December. At the same time, due to the shortage of space, European and American routes have recently been suspended on a large scale.



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