Commodity futures in China showed mixed performance over the week, with freight indices notably declining while some metals and crude oil prices rose. The Shanghai Futures Exchange (SHFE) Freight Index for the Europe route dropped nearly 6% intraday on April 15, reaching its lowest level since October 2024, and continued to fall over 5% on April 16. The INE Freight Index also opened lower on multiple days, including a 4.2% drop on April 15 and a 2.7% decline on April 17. In contrast, crude oil futures rose between 0.3% and 1.8% during the same period. Metals showed varied movements: gold prices increased up to 2.8%, silver rose up to 1.5%, nickel gained around 0.9%, copper fluctuated slightly with minor gains and losses, and aluminum and zinc mostly declined marginally. Iron ore and steel rebar prices remained relatively flat. Container freight contracts, such as the June contract, also opened lower by 2.7%, reflecting ongoing downward pressure in shipping costs. Over the past year, commodity price changes have been mixed, with natural gas up 63%, coffee up 58%, gold up 41%, and silver up 16%, while major energy commodities like WTI and Brent crude oil have declined by 27%. The shipping sector, including companies like ZIM Integrated Shipping Services Ltd. and Maersk, is impacted by these freight price movements.