China Market Freight Updates, September 2024
September 2024
Currently, demand for ocean freight from China to most regions is stable and there are no supply chain issues. Statistics show that ocean freight rates are decreasing in some regions, but others are still on the rise. And, with China's National Day holiday approaching, customers should consider booking early to avoid space shortages and disruptions due to canceled sailings. Stay up-to-date with YQN platform – “Instant Freight Rates Search Engine” and plan your shipments accordingly.
Please check the analysis below for detailed information by region:
China to Latin America
Because of the holiday season is coming here in China, so the shipping spaces for many major ports in China like Shanghai, Ningbo, Dalian, Qingdao, Tianjin are all facing some challenges. The estimated sea freight rates will increase by 2.9% next week.
Below are the most recommended ocean freight rates of 20ft FCL containers from Shanghai to South America.
| POL - POD | YQN’s Rates | More Details |
|---|---|---|
| Shanghai - Callao | from $3260 | Check Rates |
| Shanghai - Guayaquil | from $3880 | Check Rates |
| Shanghai - Santos | from $6140 | Check Rates |
| Shanghai - Manzanillo | from $6140 | Check Rates |
| Shanghai - Buenos Aires | from $6200 | Check Rates |
China to North America
According to data released by the research firm ADP, the increased employment number in the United States are lower than the number of previous market expectations, showing a further slowdown in the U.S. labor market.
Market rates adjusted as transportation demand decreased due to slowly job growth and high inflation. This week, market rates for exports from China to the ports in U.S. West and U.S. East declined 8.7% and 11.0%, respectively, from the previous week.
Here are the most competitive ocean freight rates for shipping 20ft FCL container from China to North America.
| POL - POD | YQN’s Rates | More Details |
|---|---|---|
| Shanghai - Vancouver | from $5000 | Check Rates |
| Shanghai - Seattle (WA) | from $5055 | Check Rates |
| Qingdao - Edmonton | from $5800 | Check Rates |
| Shanghai - New York | from $7360 | Check Rates |
China to Australia and New Zealand
Local demand for all types of materials has stabilized at a high level recently, with good supply and demand, and spot freight rates continue to rise, up 1.5% comparing to the previous period.
Below are examples of this week’s sea freight rates for shipping 20ft containers from China to Australia and New Zealand.
| POL - POD | YQN’s Rates | More Details |
|---|---|---|
| Shanghai - Sydney | from $2115 | Check Rates |
| Shanghai - Melbourne | from $2115 | Check Rates |
| Shanghai - Brisbane | from $2115 | Check Rates |
| Shanghai - Auckland | from $2175 | Check Rates |
| Shanghai - Tauranga | from $2175 | Check Rates |
China to Japan
Transportation market is basically stable, freight rates increased slightly during the past week. Cargo transportation from China continues to do well, with plenty of space to meet the growing demand.
The following are recommended container shipping rates for 20ft FCL containers shipped from China to Japan.
| POL - POD | YQN’s Rates | More Details |
|---|---|---|
| Ningbo - Tokyo | from $50 | Check Rates |
| Ningbo - Yokohama | from $50 | Check Rates |
| Shanghai - Nagoya | from $80 | Check Rates |
China to Middle East
Demand for transportation continues to be strong, supply and demand remain balanced and freight rates will be stable. This week, market rates for exports from China to basic ports in the Persian Gulf were slightly lower than the previous week.
Here are the competitive ocean freight rates for shipping 20ft FCL container from China to the Middle East.
| POL - POD | YQN’s Rates | More Details |
|---|---|---|
| Shanghai - Abu Dhabi | from $1085 | Check Rates |
| Shanghai - Jebel Ali | from $1085 | Check Rates |
| Ningbo - Abu Dhabi | from $1100 | Check Rates |
China to Europe
According to Shanghai (Export) Containerized Freight Index (SCFI), freight rate from Shanghai port export to Europe basic ports fell 10.8% comparing to the previous month. The shipping rates for this route will keep pace with the spot market booking prices continue to decline.
Below are examples of this week’s sea freight rates for shipping 20-foot FCL containers from China to Europe.
| POL - POD | YQN’s Rates | More Details |
|---|---|---|
| Shanghai - Hamburg | from $2440 | Check Rates |
| Shanghai - Rotterdam | from $2450 | Check Rates |
| Shanghai - Fos Sur Mer | from $3180 | Check Rates |
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.
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YQN Operation Team
info@yqn.com
