The main contracts, EC2506 and EC2508, nearly hit their limit up before moving sideways for the rest of the day. In contrast, the longer-dated contracts faced selling pressure, as traders used them to express skepticism about the sustainability of the current rally.
The doubts center on whether Chinese factories are already operating at full capacity, potentially limiting their ability to increase output for US demand despite the 90-day window. Tianjin Shipping Index reported a slight drop in T