September 19, 2021

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

Data monitor: Traffic at major ports moderated in July

india-exports-india-importsindia-exports-india-importsContainer volumes at 887k TEUs were sequentially weaker, though closer to July-19 levels. 

Major ports’ volumes moderated to ~55 mnt in July 2021 (-6% m-m), down 3.7% CAGR vs July-19 (vs. +1% CAGR in June-21 vs June-19) and the weakest in the last 10 months. POL and iron ore volumes were weak, with POL volumes declining at 11.2% CAGR vs July-19 and iron ore volumes declining at 6.8% CAGR vs July-19. Container volumes at 887k TEUs were sequentially weaker, though closer to July-19 levels.

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