PEXELS

Apr 12, 2022

中国港口Congestion Worsens

Ships wait to deliver grain as Shanghai locks down

Dotting the sea off Chinese ports are 477 bulk cargo ships waiting to deliver resources from metal ore to grain into the country, reportsBloombergQuint.

Queues of vesselscarrying raw materials have jumped after Shanghai initiated a city-wide lockdown at the end of last month to combat COVID-19.

More than two weeks on, the congestion has expanded to nearby Ningbo-Zhoushan as ship-owners desperately divert ships to other ports in the country to avoid the trucker shortage and warehouse closures in Shanghai.

There were 222 bulkers waiting off Shanghai as of April 11, 15% higher than a month earlier, according to Bloomberg shipping data.

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Marketwatch: Apr, 12

US Corn Price Idx:ZCPAUS.CM

open: 7.5232
high: 7.5554
low: 7.372
close: 7.4031

US Soybean Price Idx:ZSPAUS.CM

open: 16.0334
high: 16.0945
low: 15.922
close: 15.9706

US Hard Red Winter Wheat Price Idx:KEPAUS.CM

open: 10.4723
high: 11.0316
low: 10.4448
close: 10.8693

US Soft Red Winter Wheat Price Idx:ZWPAUS.CM

open: 9.8575
high: 10.3706
low: 9.8575
close: 10.3127