There is no small peak in pre-holiday shipments, and freight has dropped to a three-year low

Near the Spring Festival holiday, but ChinaEXP ContainerThere is no small peak of pre-holiday shipments in the transportation market, the transportation market is relatively weak, and the freight rate continues to fall.

According to the Shanghai EXP Container Freight Index (SCFI) released by Shanghai Shipping Exchange, on January 13, 2023, the Shanghai EXP Container Freight Index was 1031.42 points, down 2.8% from a week ago and 5094.36 points a year ago., down 80%.

It is worth noting that this is also the lowest value since July 2020, only slightly higher than the nearly three-year historical low of 1,022 points hit in January 2020.

In terms of routes, the freight rate from Shanghai Port EXP to European basic port market (ocean freight and shipping surcharge) is 1020 US dollars/TEU, down 2.9% from a week ago;) was 1,836 US dollars/TEU, a slight decrease of 1.0% from a week ago;The freight rates (ocean freight and shipping surcharge) of Shanghai Port from EXP to the United States and East Base Port are USD 1,378/FEU and USD 2,825/FEU, respectively, down 2.5% and 0.7% from a week ago.

Analysts at Shanghai Shipping Exchange said that investors' assessment of the economic situation in the euro zone has not improved significantly, and the confidence index is still negative, highlighting the pessimistic economic prospects in Europe.After New Year's Day, the transportation demand in European market recovered slowly, and there was a big peak in shipments before Spring Festival.The balance between supply and demand is not ideal, and freight rates continue to fall.

In the United States, the data released by the Bureau of Labor Statistics shows that the number of non-farm payrolls in the United States will increase by 223,000 in December 2022, dropping to the lowest level in two years.At the same time, the growth rate of average hourly wage in the United States dropped significantly, indicating that the job market showed signs of cooling down.

Inflation is still at a high level, the economic prospects of the United States are not optimistic, transportation demand is weak, shipments have a big peak before the Spring Festival, and the fundamentals of supply and demand are not good. ChinaTo the United StatesContinue to fall.

In addition, the freight rates of Persian Gulf routes, Australia-New Zealand routes, South American routes and Japan routes also continued to decline to varying degrees.Among them, the freight rate of South American routes dropped the most.It was $1,117/TEU, down 9.3% from a week ago.

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