
On February 10, 2025, commodity futures in China experienced notable gains, with the INE Freight Index rising 6% after hitting its limit on the previous Friday. Crude oil prices increased by 1.7%, while copper, gold, tin, and aluminum also saw upward movements, with respective increases of 1.3%, 0.8%, 0.3%, and 1.3%. However, nickel prices fell by 0.2%. The Shanghai Futures Exchange (SHFE) reported that its most active freight index for Europe route futures surged more than 12%, reaching 1,798.7 points. Container freight futures demonstrated a strong performance, closing near limit up with gains between 13% to 19% over the day, contributing to a cumulative increase of approximately 40% over three days. ZIM Integrated Shipping Services, a key player in the sector, saw its stock rise nearly 8% on significant trading volume. The positive trend in freight rates was further supported by Wan Hai's report of increased demand on the US West Coast, indicating strong potential for ZIM's upcoming earnings reports, with monthly revenue growth of 69%, 56%, and 72% for October, November, and December respectively.










Container freight futures have been on a huge 3 day rally, including limit ups on Friday and Monday. Opens up another 7% today. 🔥 $ZIM $MAERSK https://t.co/c6WDB5iYTq
🇨🇳INE Freight Index futures rallied for a 3-day streak and opened 7% higher on Tuesday. Crude oil rose 2.2%. #China #Shipping #OOTT Shanghai #gold rose 1.9%, #aluminum +1.3%, #silver +0.2%, #copper +0.1%. #Nickel -1.5%, #tin -0.6%, #zinc -0.4%. #IronOre +0.5%, while #steel rebars… https://t.co/HP3wYWgVjS
After 🇹🇼 container co. Wan Hai said demand is causing US West Coast rates to increase, I looked at the company to get a view on $ZIM’s next Oct-Dec earnings. Wan Hai reports monthly revenue y/y and wow Oct: 69% Nov: 56% Dec: 72% With $ZIM Asia-US exposure, huge print incoming https://t.co/q4mGQNjouS