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European freight rates soar and plummet! A comprehensive analysis of the logic behind the fluctuations and two key points of focus.
This week, the freight index (Europe route) experienced large fluctuations, with the European freight index 2412 contract dropping by 25.21% on October 8, approaching the limit down; rising by 13.76% on October 10; hitting the limit up on October 11, with an increase of 13.84%, closing at 2494.3 points.
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What is the reason for the sharp drop in the freight index? Logic sorting and analysis of the decline in European freight rates.
Since the opening after the National Day holiday, the freight index (European line) futures have plummeted, with the 2412 contract dropping more than 20% from the pre-holiday high of 2540.4 points, closing at 1893 points this morning.
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