Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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November 2019 | Steel Raw Materials

Freight Highlights: 27 November 2019

A roundup of Fastmarkets' freight statistics for the week of 27 November 2019.

Simpson Spence Young (SSY) indices retreated in the week ended Friday November 22 both in the Atlantic and Pacific basins. The Atlantic index dropped 5.1% week on week to 7,769 points, while the Pacific index inched down by 0.5% week on week to 6,049 points. This put the premium for Atlantic over and above Pacific rates at 28%, the lowest level since December 6, 2016.


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