On April 25, the Shanghai shipping exchange posted a price index of 787.65, down 0.07% from the previous month. Among them, the composite index of international oil and ship prices and the composite index of coastal bulk freighters were up 0.81 percent and 0.21 percent respectively. The composite index of international bulk carriers and the composite index of the inland river bulk cargo fell 1.07% and 0.38%.

Due to the early dry bulk shipping price and the ship's after-effects, although the spot freight rate has turned up, the prices of used bulk carriers are still falling. This week, the typical ship of five years of age is estimated at 35000DWT- $13.37 million, down 1.70% from the previous month. 57000DWT-- $14.93 million, down 2.30% from the previous month; 75000DWT-- $1985, 0.37%; 170000DWT-- $3003,000, down 0.03%. Recently, iron ore and coal pallets is active on the market, Pacific Ocean capesize ship freight led, super handy-size bulk carrier rate stabilized rebound, 13 by the BDI index closed at 1330 points (Tuesday), up 26.43% month-on-month and secondhand bulk carrier is expected to short-term give priority to in order to stabilize prices. This week, because the ship price in the "depression", freight is bottoming out, speculators with positive, secondhand bulk carrier clinch a deal the hyperactive, clinch a deal in 27 (from 6 ships), total capacity of 2.4191 million DWT, clinch a deal amount is $502.35 million, the average age of 7.33 years.

As the global economy continues to grow, Opec's efficient production cuts and geopolitical risks from oil-producing countries have pushed up prices. Brent crude closed at $74.71 (Tuesday), up 4.37 per cent. The overall demand of international crude oil transportation market is stable, and the price of used oil is low. This week, the typical ship of five years of age is estimated at 47000DWT-- $21.9 million, up 3.27% from the previous month. 74000DWT-- $23.88 million, down 0.03% from the previous month; 105000DWT-- $26.31 million, up 0.52% from the previous month; 158000DWT-- $4231 million, down 0.07% from the previous month; DWT-- $58.93 million, down 0.24 percent. Houthi forces, foreign media reports have said 19 oil tanker hijacked off the coast of yemen, and Saudi missile jazan southern provinces, which makes the crude oil market supply fears intensified, international oil prices or high and volatile, second-hand price of oil tanker is expected to shocks sideways. This week, the volume of second-hand international tanker is general, a total of 8 vessels (3 ships decreased compared to the previous month), total capacity of 51.18 million DWT, the transaction amount is 209.6 million usd, the average ship age of the transaction ship is 4.88 years.

The demand for shipping bulk cargo in the coastal areas was released, along with the closure of the Yangtze estuary due to heavy fog, the freight rate rebounded sharply, and the price of used bulk carriers rose steadily. This week, the typical domestic coastal bulk cargo ship of 5 years old is estimated: 1000DWT-- 1.14 million yuan, up 0.21% on a month-on-month basis; 5000DWT-- 7.51 million yuan, up 0.21% from the previous month. On April 23, held a meeting of the political bureau of the central committee put forward to speed up the adjustment of structure and continue to expand domestic demand, the combination of display in the short term economic stability emphasis will get improved significantly, specific to black industry chain, to expand domestic demand will ensure the future needs of the coal, iron and steel rising demand and supply side reform will inevitably lead to the coal and steel prices, stimulating the enthusiasm of the downstream procurement of coal and steel traders. International bulk shipping market freight rate rose by more than domestic, foreign trade engaged in ship swiftly moving abroad, available capacity tight, coastal rate is expected to continue to rise, short-term bulk price is expected to continue to rebound. This week, there was less business on the coast and the market was largely on the sidelines.

The demand for the inland river is general, the freight rate fluctuates slightly, the price of used bulk carrier fluctuates. This week, the typical ship value of domestic river bulk cargo in 5 years of age is estimated: 500DWT-- 510,000 RMB, up 2.02% month-on-month; 1000DWT-- 990,000 yuan, 0.82 percent higher than the previous month; 2000DWT-- 1.82 million yuan, down 0.08%; 3000DWT-- 29.20 million RMB, down 3.95% from the previous month. Released on April 20, the central bank loans in the first quarter of 2018, financial institutions, according to the statistical report at the end of the first quarter, the personal housing loan balance of 22.86 trillion yuan, up 20% from a year earlier, the growth rate of 2.2% lower than at the end of last year. From the point of financing area, significant tightening of funds, real estate industry financing area will tighter restrictions on the ability of enterprise, take in, so the follow-up may find it hard to maintain high growth in real estate investment, inland waterway transportation infrastructure materials may be affected, is expected to shock reciprocating inland bulk price. This week, the volume of the bulk cargo vessels in the inland river was more active, with a total of 59 vessels (59 fewer than the previous month), total capacity of 8470,000 DWT, and the transaction amount of RMB 70380,000 yuan.