Shanghai Shipping Exchange weekly report: China export container market momentum
continued to improve this week as ocean-route freight rates rose, driving the
composite index higher. The National Bureau of Statistics said China’s composite
PMI rose to 50.5 in May, with non-manufacturing returning above the 50 expansion
threshold, signalling overall mild expansion in business activity. On June 5 the
Shanghai export container composite freight index stood at 2,726.48, up 6.0%
from the prior week.
