Recent decline in Sino US shipping prices

Release Date:2021-10-14

In the third quarter of this year, the sea freight rate from China to the western United States once exceeded US $20000 per 40 foot container, which brought great pressure to foreign trade enterprises. Since the end of September, China US sea freight rates have fallen. The latest global Baltic container freight index (FBX) shows that the Asia US West freight index has dropped to US $17377 / feu from more than US $20000 / feu in mid and early September. After the callback of freight rate, merchants have to seize the time to ship. Some operators of Yiwu International Trade City said that only 30% of major customers continued to place orders when the freight was the highest. Now the freight has decreased, and the order volume has gradually increased, with a 50% increase from the lowest to now.

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