According to the "Weekly Report on China's Export Container Transport Market" released by the Shanghai Shipping Exchange on April 29th, the overall market situation of China's export container transport market has remained stable this week. There was no significant peak in shipments before the May Day holiday, and most routes experienced a downward trend in freight rates, dragging down the decline of the composite index.
European routes
This week, transportation demand remained stable, supply and demand were basically balanced, and market freight rates continued to fluctuate slightly. Spot booking prices decreased slightly this week.
North American routes
The North American route signing season is nearing its end, with overall stable transportation demand and a balance between supply and demand fundamentals. However, the market freight rates have not maintained the previous price increase results, and there has been an adjustment trend in spot booking prices this week.
Japan Airlines
The transportation market is basically stable, with a slight increase in market freight rates.
Persian Gulf Route
Affected by the traditional Ramadan in the destination, transportation demand lacks further growth momentum, and supply and demand fundamentals are basically stable. Market freight prices have experienced a decline after continuous increases.
Mediterranean route
The transportation market is basically synchronized with European routes, and the market freight rates have slightly increased.
Australia New Zealand Route
The demand for various materials in the local market continues to perform poorly, and the supply-demand relationship is relatively weak. This week, market freight rates continued to decline.
South American route
The growth of transportation demand is sluggish, and the supply and demand fundamentals have weakened. This week, market freight prices continue to decline.
Recent economic data shows that China's economic recovery is good, and the Chinese export consolidation market is expected to continue to maintain a stable and positive trend in the future.
Source: Souhang Network