It is reported that the global short-term container freight increase has generally stagnated, and even the freight rates across the Pacific core trade routes have fallen. Rear Bicycle Reflector, 2.54mm female connector and breadboard terminal block should be noted.
However, although the freight rate fell back, but it may only be a temporary phenomenon.It is worth noting that the recent carrier rate from Shanghai to Europe and the US routes continues to remain close to the full load level, freight rates are at high levels, and there are signs of continuing to rise.
Data showed that last week (November 29-December 3) China export container freight index (CCFI, reflecting the shipping company settlement price) was flat month-on-month, Shanghai export container index (SCFI, reflecting the shipping and freight forwarding companies) rose 2.7% from month-on-month (see below).The Baltic Container Freight Index (FBX, reflecting forwarder settlement prices) fell about 15% from its September high, while up 0.08% in the previous week.
It is reported that the global short-term container freight increase has generally stagnated, and even the freight rates across the Pacific core trade routes have fallen.
However, although the freight rate fell back, but it may only be a temporary phenomenon.It is worth noting that the recent carrier rate from Shanghai to Europe and the US routes continues to remain close to the full load level, freight rates are at high levels, and there are signs of continuing to rise.
Data showed that last week (November 29-December 3) China export container freight index (CCFI, reflecting the shipping company settlement price) was flat month-on-month, Shanghai export container index (SCFI, reflecting the shipping and freight forwarding companies) rose 2.7% from month-on-month (see below).The Baltic Container Freight Index (FBX, reflecting forwarder settlement prices) fell about 15% from its September high, while up 0.08% in the previous week.
Freight freight for long-term shipping contracts continues to rise sharply
Carriers looking to lock in long-term shipping contracts will still face high shipping shocks, according to shipping data consultancy Xeneta.
In the past November, the average price of long-term shipping contracts rose 16% by 16%, up 121% year on year, according to Xeneta statistics.After long-term contracts for all major shipping channels rose by a record 28% in July.
The perfect storm, created by continued high demand, maximum freight volume, still congested ports, changing consumer habits, and widespread supply chain disruptions, is driving a surge in shipping costs that "we have never seen before," Xeneta CEO Patrik Berglund noted.
In the latest long-term shipping contracts, the US.Long-term import freight contracts in the U. S. market rose 39% in November and 122% year over year, according to Xeneta.Long-term U. S. export freight contracts also rose 9% that month.
Lack of a box to alleviate "a box is hard to find" into "a cabin is hard to find"
Previously, container turnover, slow return and "difficult to find" were one of the reasons for the high sea freight rates. What has the situation changed today?
At the container port of Shenzhen Yantian Port, almost every berth has container ships berthing, and the whole terminal is basically operating at full capacity.It is understood that in the Yantian port logistics small program, there is occasionally an occasional empty box shortage tips, into November has gone.
China's metal container production increased 1.7 times in the first eight months of this year, according to the National Bureau of Statistics.At present, although the problem of lack of box is temporarily solved, but the problem of cabin problem is still serious, not only "box" and "box" has become normal, even the corner and corner of the container space, enterprises have made ideas.
The shipping market continues to have a high fever, in order to ship, foreign trade enterprises racking their brains.Small owners put together, gather together the box, large owners, agents think of the "package ship" method, to solve the supply chain problem.
High freight rates may continue in the short term
Since Q42020, the cargo volume of Asia-North American routes has continued to increase unexpectedly, and the capacity elasticity of US ports and inland supply chain is limited, leading to the shipping freight rate soaring several times to a historical record. However, in the traditional Q3 season fell month on month, partly due to the increased congestion in the western ports.
Prices are the most sensitive signal reflecting the supply and demand fundamentals, Guotai Junan analyst Zheng Wu recently released a research report that the overall increase in goods rose 20% in the third quarter, lower than the second quarter.According to Asian shipments from the CTS website, the growth in September was only short-term, with estimates that October would fall and U. S. imports from China fell month-on-month in October.Considering the decline of nearly 20% in the past two months and the decline in the growth rate of North American air cargo volume, it is recommended to be alert to the risk of demand inflection point.
However, the sea securities analyst Fan Lei, retorted that the shipping price does not represent the export scale will weaken in the short term, on the one hand, the price is mainly reflected in the secondary market, in the container cargo market, shipping companies and their direct agent (primary freight forwarder) offer is still strong, still significantly higher than the level before the outbreak, shipping market demand remains strong as a whole.On the other hand, since September, the supply situation of global shipping has gradually improved and formed a certain support for exports. The market expectation of this improvement is an important reason for the price reduction of freight forwarding in the secondary shipping market.
The latest data show that the related indexes reflecting freight rates continue to rise, from the side that the demand for centralized transport is still strong.In addition, the recent emergence of new strains of the Omikjon variant has intensified the concern of the global economic recovery. Some insiders believe that the epidemic will benefit more freight rates, and high freight rates may continue in the short term.
Post time: Dec-10-2021