Tag: container freight index

China: Shanghai containerized freight index extends gains w-o-w amid renewed tariff concerns

Jun 29, 2026

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by

Nikita Shukla

in Melting Scrap

Index gains 3.8% w-o-w on tight vessel supply Sentiment remains firm, upside capped by easing geopolitical risks The Shanghai Containerized Freight Index (SCFI) surged 3.8% to $3,239.64/twenty-foot equivalent unit (TEU) on 26 June 2026 as against $3,121.69/TEU on 18 June extending gains on tariff expectations, limited vessel capacity, and the impact of the US-Iran conflict.…