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Yangtze Shipping Index

Officially launched in January 2008 by the Yangtze River Administration under the Ministry of Transport and compiled on the 15th day of every month, the Yangtze Shipping Index aims to chart the trend of costs to ship goods along the Yangtze.

The Yangtze Container Index is based on the weighted average of prices for shipping domestic and foreign trade-related containers on the major routes of Chongqing-Shanghai, Wuhan-Shanghai, Wuhu-Shanghai, Nanjing-Shanghai, Nantong-Shanghai and Zhangjiagang-Shanghai. The base level was 1,000 points on 1 January 2007. In July 2008, the container index reached 1,049.97, the highest level in its short history. But by October, the worldwide economic downturn has shown its impact on the Yangtze shipping. The container index fell by 1.4 per cent to 1,036.33.

The Yangtze Dry Index is based on the weighted average of prices for shipping a basket of 13 commodities including coal, iron ore, copper, cement, limestone, and sulphur on 26 major routes along the river. The base level was 1,000 points on 1 January 2007. The dry index reached a peak in September 2008 when it stood at 1,048.87, but in October it recorded its heaviest monthly loss of 4.02 per cent to 1,006.68. The Coal Index plummeted by 10.18 per cent to stand at 899.64, while the Construction Material Index shrank by 6.26 per cent to 1,218.34 and the Non-metal Ore Index by 2.99 per cent to 1,084.37.
     
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