Global container freight rates, which hit all-time highs earlier this year, have fallen for the 13th week in a row. This is due to the decrease in the amount of exports from China due to the lockdown of Shanghai in accordance with China's zero-corona policy.
According to the shipping industry on the 16th, the Shanghai Container Freight Index (SCFI), a global shipping rate index, recorded 4228.65 as of the 15th, down 35.01 points from the previous week. After hitting an all-time high of 5109.60 in early January of this year, it fell for the 13th week in a row. The lowest level in 9 months since the end of August last year (4385.62)
In the 15th week of 2022(4.11~4.15) SCFI Composite Index ‘4,228.7p’ recorded. Weakness continued on all routes except North America and Japan, falling for the 13th week in a row
- In Shanghai, China, business of essential industries has resumed and lockdown measures have been partially eased, but inland transportation restrictions and trucker shortages in neighboring areas such as Ningbo/Hangzhou continue, making it difficult to transport import/export containers.
- China's consumer/producer price index rose 1.5%/8.3%, respectively, in March, raising concerns about inflation.
Containership timecharter rates continued at very strong levels this week. When looking at the standard of 9,000TEU (6-12M), the 22-year average rate is 66.4% higher than the 21 year and 377.2% higher than the 20 year. If the timr charter rate decline is visible, it will be easy to determine the overall downward trend of the SCFI.
MACD : October 08, 2021, Trade signal (Short Position establishment) signal occurred. So far, a strategy to maintain a short position seems necessary.
I believes the decline in SCFI is due to a decrease in exports to China due to the prolonged lockdown in Shanghai, China. However, I do not expect the freight rate to weaken for a long time. This is because, after the lockdown is lifted, the resumption of the Shanghai factory may cause a sudden influx of traffic, which could lead to a rise in shipping rates. In particular, there are concerns that the logistics turmoil that occurred in China after the lifting of the COVID-19 shutdown in the second half of 2020 could be repeated in the context of the second quarter being the peak season when the volume of goods increased.
Thanks.
Container Shipping Market (‘22/18W) (0) | 2022.05.04 |
---|---|
Container Shipping Market (‘22/17W) (0) | 2022.04.25 |
Container Shipping Market (‘22/15W) (0) | 2022.04.11 |
Container Shipping Market (‘22/14W) (0) | 2022.04.05 |
Container Shipping Market (‘22/13W) (0) | 2022.03.28 |
댓글 영역