波罗的海干散货指数 - filings, earnings calls, financial reports, news

Report Industry Investment Rating - Not provided in the content Core Viewpoints - The market for logs is currently in a state of weak supply and demand. The prices of mainstream log varieties have remained stable, and the inventory in major ports has generally increased. Shipping schedules indicate a certain volume of log arrivals in the near future, and factors such as freight rates and exchange rates are also showing corresponding changes [4][6][20] Summary by Section Overview - For the mainstream deliverable 3.9 - meter 30 + radiata pine, the quotes in Shandong and Jiangsu markets remained unchanged from last week at 755 yuan/cubic meter, with a regional price difference of 0. The prices of other specifications of radiata pine in Shandong also remained stable. European spruce and fir in the Jiangsu market are still in short supply [4] Supply - As of November 23, there were 29 ships departing from New Zealand in November, with 23 bound for the Chinese mainland and 6 for Taiwan, China, and South Korea (with reduced loads). Among them, about 12 ships are expected to arrive in November, and 17 in December. The expected arrival volume in November is 1.41 million cubic meters [5][8] Demand and Inventory - As of the week of November 21, the daily average shipment volume of Lanshan Port was 23,200 cubic meters (a week - on - week increase of 2,400 cubic meters), and that of Taicang Port was 13,000 cubic meters (a week - on - week increase of 2,300 cubic meters). In terms of port inventory, Lanshan Port had about 1.3628 million cubic meters (a week - on - week increase of 70,000 cubic meters), Taicang Port had about 401,600 cubic meters (a week - on - week increase of 30,400 cubic meters), Xinminzhou had about 238,700 cubic meters (a week - on - week decrease of 25,800 cubic meters), and Jiangdu Port had about 173,800 cubic meters (a week - on - week decrease of 7,700 cubic meters). The total inventory of the four major ports was 2.1769 million cubic meters, an increase of 66,900 cubic meters from the previous week [6][13] Market Trends - As of November 27, the closing price of the main contract LG2601 was 765 yuan/cubic meter, a decrease of 1.7% from last week. The market continued to fluctuate weakly this week, and the fundamentals maintained a pattern of weak supply and demand. The monthly spread changes this week were relatively small, with the 01 - 03 monthly spread at - 11.5 yuan/cubic meter, the 01 - 05 monthly spread at - 25 yuan/cubic meter, and the 03 - 05 monthly spread at - 13.5 yuan/cubic meter [20] Price and Spread - **Spot Price**: The prices of various specifications of radiata pine and spruce in Shandong and Jiangsu markets remained unchanged from last week, but there were different degrees of decline compared to four weeks ago [24] - **Regional Spread**: The report presents the price differences of different tree species and specifications between Shandong and Jiangsu regions, including 3.9 - meter 30 + radiata pine, 3.9 - meter 40 + radiata pine, etc. [24][27] - **Species and Specification Spread**: It shows the price differences between different tree species and specifications, such as the price difference between 3.9 - meter 30 + radiata pine and 3.9 - meter 40 + radiata pine [38][39] Other - As of the week of November 30, the Baltic Dry Index (BDI) was 2480.00 points, an increase of 205 points (+9.0%) from last week. Its related sub - index, the Handysize Shipping Index (BHSI), was 825 points, an increase of 0.6% from last week. The Shanghai Containerized Freight Index (SCFI) was 1403.13 points, an increase of 0.7% from last week. In terms of exchange rates, the US dollar index weakened, the US dollar to RMB exchange rate was 7.079, a week - on - week decrease of 0.44%, and the US dollar to New Zealand dollar exchange rate decreased by 2.4% to 1.748 [6][53]

波罗的海干散货指数

上海出口集装箱运价指数

美元指数