Betting that the Dec 1 GRI may stick and on the hints of the positive SCFI print the Friday before (i.e. 24 Nov) , the CoFIF contracts rallied on strong volume last week. The April and June CoFIF contracts were up 12-19% WoW while the average daily turnover surpassed $1bn last week. The general sentiments among the CoFIF traders: the freight rates already discounted bearish fundamentals while the year end cargo rush and the liners’ incentive to create better sentiment for the annual contracts be