On November 15, the Shanghai Shipping Exchange released the latest edition of the Shanghai Export Container Freight Index (SCFI). After three consecutive weeks of gains, the index reversed course for the first time, falling 9.68 points, or 3.42 percent, to 2,251.9.
Of the four major ocean routes, the Mediterranean route was the only one to show a small recovery, up 0.82 per cent. Europe, the United States East and the United States West routes showed a downward trend, of which the United States West route fell the most, reaching 11.59%. And the Southeast Asia line continues to surge.
According to the industry, starting from this Monday, MSC will reduce the freight rate, the price of the United States West route will be reduced to $3,150, the United States East route will be reduced to $4,850, and the European route will be maintained between $4,200 and $4,400. The reason for the heavy drop in the recent week of the US-West route is that the supply was reduced due to the reduction of ships during the National Day Golden Week, and at the same time, the three-day strike in the East of the United States made some goods turn to the West of the United States, so the freight rate of the West of the United States was supported and even tended to rise. However, after entering November, the ship supply returned to normal and the cargo volume decreased, resulting in the U.S. West freight rate had to be revised. It is expected that from this week, other shipping companies will also follow this price adjustment.
On the other hand, the shipment of the Double 11 e-commerce season has been completed, and the market is currently facing the traditional off-season. Next, the market can only look forward to mid-December to the New Year this period of time can appear a wave of goods. It also needs to observe the evolution of negotiations between dockworkers in the East of the United States on the automation of dock equipment and the development of tariff policy, while taking into account the earlier Lunar New Year factory break, these factors may have an impact on the freight market.
Specific freight, last week:
Freight from the Far East to Europe was $2,512 /TEU, down $29, or 1.14%;
Far East to Mediterranean freight at $3,080 /TEU, up $25 or 0.82%;
The freight rate from the Far East to the West of America was 4,181 USD /FEU, down 548 USD or 11.59%;
The freight rate from the Far East to the Eastern United States was $5,062 /FEU, down $219, or 4.15%.
Persian Gulf route freight of 1,421 US dollars per box, down 59 US dollars, or 3.99%;
South American line (Santos) per box freight of $5515, down $416, or 7.01%;
In terms of near-ocean lines:
Freight rates from the Far East to Japan's Kansai and Kanto are $304 and $305, respectively, unchanged from the previous period;
Freight rates from the Far East to Southeast Asia are $670 per TEU, up $69 or 11.48%;
Freight rates from the Far East to South Korea were $138 per TEU, down $9 or 6.12%.
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