Accelerating the decline of sea freight prices? The U.S.-West route was halved again in the third quarter, and it has fallen back to 2 years ago!
Since the beginning of this year, global shipping prices have continued to fall with the previous high base, and the decline trend has accelerated so far in the third quarter.
On September 9, the data released by the Shanghai Shipping Exchange showed that the market price of Shanghai Harbour exports to Western Basic Port was $3,484/FEU (40-foot container), down 12% from the previous period and recorded a new low since August 2020. On September 2, the price of the United States and the West fell by more than 20%, directly from above $5,000 to the “three-character prefix”.
On September 9, the Shanghai Export Container Comprehensive Freight Index released by the Shanghai Shipping Exchange was 2562.12 points, down 10% from the previous period and recorded a 13-week decline. Of the 35 weekly reports released by the agency so far this year, 30 weeks have recorded a decline.
According to the latest data, the market prices (maritime and maritime surcharge) of Shanghai Harbour exports to the western and eastern United States on the 9th were $3,484/FEU and $7,77/FEU, respectively, down 12% and 6.6% respectively from the previous period. Prices in the United States and West have recorded a new low since August 2020.
Industry insiders predict that overseas high inflation will squeeze demand and the downward pressure on the economy will continue to intensify. Compared with the sea freight price of tens of thousands of dollars last year, the global centralised transportation market in the fourth quarter is still not optimistic, or there will be a peak season, and freight prices will fall further.
Source: Chinanews.com
Post time: Sep-14-2022