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China’s weekly coastal bulk freight index falls

SHANGHAI, July 31 (Xinhua) — China’s coastal bulk freight index went down in the week ending on July 28, according to the Shanghai Shipping Exchange (SSE).

   The composite index for coastal bulk freight fell 0.9 percent week on week to 947.28, the SSE said.

   According to the data, the coal sub-index went down 1.7 percent to 903.36.

   The SSE initiated the index in 2001, under the guidance of the Ministry of Transport, to reflect fluctuations in the Chinese coastal transport market.  

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