Port congestion is no longer providing any supply side support as congestion is easing across Asia and North America. Congestion at the main Eastern China ports of Shanghai and Ningbo, as well as in Bohai and South Korea dropped to half of their previous week’s highs, as the backlog of ships delayed by the North Asia typhoons of the past 2 weeks were gradually cleared up. The reduction in congestion in North Asia ports has brought down global congestion levels to 10.9% at the end of last week,