China Market Freight Updates, October 2024 | YQN

China Market Freight Updates, October 2024

October 2024


As China's National Day has ended, demand for transportation is slow to recover after the long holiday, the balance between supply and demand is unsatisfactory, and market rates are in a fluctuating phase. Statistics show that market rates on most routes in China's export container transportation market have fallen, dragging the ocean freight index to continue its downward trend, but there are still some areas where ocean freight rates are still rising. Customers should stay up-to-date with YQN platform prices and plan their shipments accordingly.

Please check the analysis below for detailed information by region:



China to North America


At the beginning of October, there was a short strike by dockworkers on the East Coast of the U.S. The strike has subsided and has not had a major impact on the North American shipping market.

This week, the transportation demand recovered slowly after the long holiday, the balance of supply and demand was not satisfactory, the market ocean freight continued to fall, the market ocean freight of Shanghai port exporting to the U.S. West and the U.S. East base ports fell by 2.5% and 1.3%, respectively, compared with the previous period.

The following is an example of the most cost-effective tariff for shipping a 20-foot FCL container from China to North America.


POL-PODYQN’s RatesMore Details
Shanghai - Vancouverfrom $3340Check Rates
Shanghai - Seattle (WA)from $3530Check Rates
Qingdao - Edmontonfrom $5760Check Rates
Shanghai - New Yorkfrom $3230Check Rates



China to Australia and New Zealand


Local demand for all types of materials recovered slowly after the holiday season, supply and demand fundamentals were poor, and market rates continued to move downward, down 2.1% from the previous period

Below is an example of the most cost-effective ocean freight for transporting 20ft FCL containers from China to Australia and New Zealand base ports.


POL-PODYQN’s RatesMore Details
Shanghai - Sydneyfrom $1590Check Rates
Shanghai - Melbournefrom $1590Check Rates
Shanghai - Brisbanefrom $1590Check Rates
Shanghai - Aucklandfrom $1420Check Rates
Shanghai - Taurangafrom $2000Check Rates


HISTORY RATES OF MELBOURNE



China to Japan


Transportation market is basically stable, market ocean freight rose slightly. on October 11, the tariff index of China export to Japan route was 877.36 points.

The following are the most cost-effective freight rates for 20-foot FCL containers shipped from China to Japan.


POL-PODYQN’s RatesMore Details
Shanghai - Tokyofrom $70Check Rates
Shanghai - Yokohamafrom $70Check Rates
Shanghai - Nagoyafrom $70Check Rates



China to Middle East


Demand for transportation is basically unchanged from the previous week, and freight rates remain stable. Market rates for exports from China to basic Middle East ports were slightly lower this week than the previous week.

Below is an example of the most cost-effective rates for shipping a 20-foot FCL container from China to the Middle East.


POL-PODYQN’s RatesMore Details
Shanghai - Abu Dhabifrom $1115Check Rates
Shanghai - Jebel Alifrom $1125Check Rates
Ningbo - Abu Dhabifrom $1350Check Rates


HISTORY RATES OF JEBEL ALI



China to South America


With weak demand growth and lack of further support from supply and demand fundamentals, market ocean freight continued to adjust this week. on October 11, Shanghai port export to South America base port market ocean freight dropped by 1.5% compared to the previous period.

The following is an example of the most cost-effective ocean freight for transporting 20ft FCL containers from Shanghai to South America.


POL-PODYQN’s RateMore Details
Shanghai - Callaofrom $2475Check Rates
Shanghai - Guayaquilfrom $2700Check Rates
Shanghai - Manzanillofrom $2099Check Rates
Shanghai - Buenos Airesfrom $4925Check Rates


HISTORY RATES OF CALLAO



China to Europe


According to Eurostat data, the economic sentiment index of the eurozone dropped to 96.2 in September, lower than the market expectation. At present, the European economic recovery is facing resistance, the manufacturing industry continues to slump, and the service industry growth shows signs of decline. The future economic outlook is not optimistic.

The recent Asia-Europe route transportation market continued to weaken, this week's spot market booking prices continued to go downl. Shanghai port export to the basic port of Europe market ocean freight fell 10.8% compared to the previous period, and the Mediterranean route, the market situation, and the European routes to keep pace with the spot market booking prices continue to go down.

The following is an example of the most cost-effective ocean freight for transporting 20-foot FCL containers from China to Europe.


POL-PODYQN’s RateMore Details
Shanghai - Hamburgfrom $1470Check Rates
Shanghai - Rotterdamfrom $1730Check Rates
Shanghai - Fos Sur Merfrom $1750Check Rates


HISTORY RATES OF HAMBURG


On the YQN platform, customers can easily compare prices, make reservations and fulfill orders online, solving a common industry problem. If you would like a personalized quote, please send a request and one of our managers will contact you with a personalized quote based on your requirements.



----

YQN Operation Team

info@yqn.com


2024-10-15 14:00:00