The newest info demonstrates that China’s Ningbo Export Container Freight Index (NCFI) dropped 7.3% this week, indicating that the market place ongoing to be slow and the liner freight rate fell quickly. its downward pattern.
In accordance to info released by the Ningbo Delivery Trade, the Ningbo containerized freight index shut at 2,400.3 points this week, down 7.3% from very last 7 days, and the freight index of 21 routes. fell throughout the board.
As for the North American routes, the desire in the freight market is limited, the supply of place is in excessive and the reserving value on the place market place continues to drop. Amid them, the US-West route decreased noticeably, and the 40-foot container location current market booking rate (FEU) was only about $ 4,500.
The US East Route Freight Index was 2,944.8 factors, down 4.3% from very last 7 days. The US-West Freight Index was 2,682. details, down 14% from past 7 days.
Information unveiled by the Shanghai Transport Trade also showed that the Shanghai Composite Export Container Freight Index was 3,154.26 points this week, down 8% from previous 7 days.
In the North American route industry, the info section of the Shanghai Delivery Exchange claimed the transportation market place has been weak this week, the progress in transportation desire has been sluggish, and the market’s transportation rate has ongoing to drop. Freight industry fees (ocean freight and shipping and delivery surcharges) for exports from the port of Shanghai to the west and east of the United States had been $ 5,134 and $ 8,801 for every FEU, respectively, down 11. , 2% and 2.1% as opposed to very last 7 days.
According to info from exploration business Markit, the US producing, products and services and global purchasing supervisors (PMI) sector continued to hit a new very low in more than two years in August. Amid them, the support sector and the international PMI shrank for the next consecutive month and the financial system deteriorated substantially. In the event of higher inflation, the foreseeable future financial circumstance is bleak.
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