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China's Coastal Coal Freight Rate Index Falls 3.2% to 1207.64 Points on May 12

2026-05-12 09:29:48

According to Jin10 Futures, China's Coastal Bulk Freight Index (CBCFI) fell to 1207.64 points on May 12, down 3.2%. The decline was driven by reduced cargo availability in the shipping market, as downstream terminals showed limited acceptance of coal despite strong summer electricity demand expectations and elevated coal prices. Most transportation demand was met through long-term contracts rather than spot market activity.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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