Shipping prices fell slightly before October 1 this year. According to data released by the Shanghai Shipping Exchange on September 30, China’s export container freight Rate Index (CCFI) was 3,220.55 points, down 0.5% from the previous period; The Shanghai export container freight Index (SCFI) fell 0.6 per cent to 4,614 points.
Since this year, high upstream raw material prices and shipping prices have been the pressure on foreign trade enterprises in the two mountains. Under the impact of power cuts, tighter capacity means fewer goods are being exported. At this point in time sea freight prices tend to be rational, in the short term to ease the pressure of foreign trade enterprises. Bai Wenxi, chief economist of IPG China, said in an interview with Securities Daily that the reason for the recent drop in shipping prices between China and the US is on the one hand, the decrease in demand for containers caused by the decline in shipments caused by the domestic power restrictions; On the other hand, it is also caused by the reduction of the gap after the rebalancing of global container transportation and supply.
To the trend of late shipping price, the expert also has different views. Bai Wenxi believes that in the later period, the trend of sino-US shipping prices is expected to achieve a steady decline. The short-term and long-term disturbance factors mainly include the increase and decrease of two-way freight volume, the change of trade varieties and structure on the demand for containers, and the impact of epidemic changes on port operation progress and ocean transportation capacity.