- Manufacturing PMI in the US reached a record low of 52.8 since June 2020, and Eurozone manufacturing PMI fell to 49.8, showing contraction in business activity.
- Sea Freight
- North America-Asia container rates have fallen since the beginning of the year, and prospects for US consumer demand has weakened.
- Air Freight
- Heavy demand coupled with flight shortages is expected after the travel season, and air freight rates are expected to rise as US import air freight transport services expand.
- OCED CLI
- 99.5down(0.2) June
- Manufacturing PMI
- 52.8down(0.2) July
- Oil Prices-WTI
- 97.9down(7.8%) July
The OECD leading economic index hit its lowest point in 17 months since Jan '21 (99.5). WTI fell due to concerns over an economic slowdown in the 2H. Saudi Arabia’s uncertainty over increased production limits the decline in WTI.
- 3,887.85down(108.92) July Week 5
- TAC-HKG to EUR, US
6.40up(0.03)7.64down(0.17)August Week 1
- Jet Fuel
- 3.478down(0.642) July
The end of July SCFI Comprehensive is 3,888 point falling below 4,000 point level in 1 year. Jet Fuel plunged from the previous month to the level of Mar, and FSC also fell after rising for 6 consecutive months, recording the level of Apr.
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