Summary
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The Shanghai Shipping Exchange's SCFI, released 3 July, put Shanghai-US West Coast at $6,630/FEU (+9%) and Shanghai-US East Coast at $8,296/FEU (+12%), with Europe at $3,418/TEU (+2%) and the Mediterranean at $4,717/TEU (+1%). The exchange linked gains to improving demand and a healthy supply-demand balance on U.S. lanes.