For a day last Tuesday CoFIF traders were disappointed about the SCFIS print
issued after Monday (5 Dec) close. CoFIF went nearly limit down at the open
while bottom fishers helped reduced the daily losses to 2-3% for the day. But
starting from Wednesday, news of $3000/ 40’ GRI, several times of the going spot
rates, announced by CMA CGM and MSC brought back the animal spirit among the
CoFIF traders. By week close the CoFIF contracts were testing their track record
high in September. For second