Recently, rising shipping prices seem to have a cooling trend. Before October this year, ocean shipping prices showed a slight drop. According to data released by the Shanghai Shipping Exchange on September 30, China’s Export Container Freight Index (CCFI) was 3,220.55 points, down 0.5% from the previous period; Shanghai Export Container Freight Index (SCFI) was 4,614 points, down 0.6 from the previous period. %.
The shipping prices of the China-US shipping routes, which have been particularly rising, have also fallen continuously in the past month. According to FBX data, the shipping price from China/East Asia to the west coast of North America was US$20,586/FEU (40-foot container) on September 10, and it fell to US$16,004/FEU on October 8; shipping from China/East Asia to the east coast of North America The price also dropped from $22,173/FEU on September 10 to $19,421/FEU on October 8. On October 10, a number of ocean freight forwarders interviewed by a reporter from the Securities Daily confirmed that the shipping prices of China-US routes have indeed fallen recently.
This undoubtedly gives Chinese foreign trade business owners exporting to the United States a "sigh of relief". After all, the previous freight has been comparable to the value of the goods. In an interview with a reporter from the Securities Daily, the chief IFCC analyst of CITIC Securities believed that the ease of shipping prices has reduced the pressure on my country’s export companies, especially small and micro foreign trade companies, to a certain extent. Since the beginning of this year, soaring upstream raw material prices and shipping prices have been two big mountains weighing on foreign trade companies. Under the influence of power cuts, the tightening of production capacity means that the volume of export goods will decrease. At this point in time, shipping prices tend to be rational, which eases the pressure on foreign trade companies in the short term.
