transportation market trend to good
Freight rates on most routes in rose
this week, the overall trend of China's export container transportation market is improving, with freight rates rising in most ocean shipping markets, driving up the composite index. A number of recent indicators show that China's economy is showing signs of improvement, and the future shipping market is expected to continue to maintain a good trend. On April 7, the Shanghai Shipping Exchange released the Shanghai Export Container Composite Freight Index at 956.93 points, up 3.6 percent from the previous period.
European routes, according to data released by S & P Global, the final value of the euro zone's combined PMI index in March was 53.7, higher than the previous value and market expectations, and rose to a 10-month high. In particular, the PMI index of the service industry performed well, indicating that the European economy is beginning to show signs of improvement. As concerns about the economic recession and energy markets have slowed and inflationary pressures have eased, market confidence continues to recover. This week, transportation demand remained stable, supply and demand were balanced, and market freight rates rose slightly. On April 7, the freight rate (shipping and shipping surcharge) for Shanghai port exports to the European basic port market was US $877/TEU, up 1.6% from the previous period. Mediterranean routes, transport demand and European routes to keep pace, supply and demand balance is stable, spot market booking prices rose slightly. On April 7, the market freight rate (shipping and shipping surcharge) for Shanghai port exports to the Mediterranean basic port was US $1621/TEU, up 1.2% from the previous period.
North American routes, according to data released by the American Institute of Supply Management, the I SM non-manufacturing index was 51.2 in March. Although the data is still higher than the line of prosperity and decline, the decline in the index indicates that companies and consumers are becoming more cautious, especially new orders. The performance is relatively weak and business activity is slowing. In the context of the tightening credit environment and high interest rates, the service industry data may aggravate the market's concerns about the economic outlook. After continuous adjustments on North American routes, freight rates have fallen to low levels. This week, transport demand was generally stable, with some carriers taking measures to control the size of capacity to push up freight rates and a rebound in spot market freight rates. On April 7, the freight rates (shipping and shipping surcharges) for exports from Shanghai Port to the US, West and East and Hong Kong were US $1292/FEU and US $2147/FEU respectively, up 12.5% and 6.8% respectively from the previous period.
the Persian Gulf route, the recent transport demand performance is good, the balance of supply and demand is better, the market freight rate continues to rise. On April 7, the market freight rate (shipping and shipping surcharge) for exports from Shanghai Port to the basic port of the Persian Gulf was US $1092/TEU, up 5.0 percent from the previous period.
Australia and New Zealand routes, the local market demand for all kinds of materials performance is relatively weak, supply and demand fundamentals weakened, this week's spot booking prices continued the downward trend. On April 7, the market freight rate (shipping and shipping surcharge) for exports from Shanghai Port to Australia and New Zealand Basic Port was US $267/TEU, down 16.0% from the previous period.
South American routes, the recent economic situation of destination countries has remained stable, transportation demand has continued to improve, supply and demand fundamentals have continued to improve, and market freight rates have continued to rise this week. On April 7, the freight rate (shipping and shipping surcharge) for exports from Shanghai Port to South America's basic port market was US $1817/TEU, up 5.6 percent from the previous period.
Japan route, the transport market is basically stable, the market freight rate rose slightly. On April 7, the freight index for Chinese exports to Japan was 902.30 points.
Source: Shanghai Shipping Exchange