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-POD | YQN’s Rates | More Details |
|---|---|---|
| Shanghai - Vancouver | from $3340 | Check Rates |
| Shanghai - Seattle (WA) | from $3530 | Check Rates |
| Qingdao - Edmonton | from $5760 | Check Rates |
| Shanghai - New York | from $3230 | Check 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-POD | YQN’s Rates | More Details |
|---|---|---|
| Shanghai - Sydney | from $1590 | Check Rates |
| Shanghai - Melbourne | from $1590 | Check Rates |
| Shanghai - Brisbane | from $1590 | Check Rates |
| Shanghai - Auckland | from $1420 | Check Rates |
| Shanghai - Tauranga | from $2000 | Check 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-POD | YQN’s Rates | More Details |
|---|---|---|
| Shanghai - Tokyo | from $70 | Check Rates |
| Shanghai - Yokohama | from $70 | Check Rates |
| Shanghai - Nagoya | from $70 | Check 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-POD | YQN’s Rates | More Details |
|---|---|---|
| Shanghai - Abu Dhabi | from $1115 | Check Rates |
| Shanghai - Jebel Ali | from $1125 | Check Rates |
| Ningbo - Abu Dhabi | from $1350 | Check 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-POD | YQN’s Rate | More Details |
|---|---|---|
| Shanghai - Callao | from $2475 | Check Rates |
| Shanghai - Guayaquil | from $2700 | Check Rates |
| Shanghai - Manzanillo | from $2099 | Check Rates |
| Shanghai - Buenos Aires | from $4925 | Check 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-POD | YQN’s Rate | More Details |
|---|---|---|
| Shanghai - Hamburg | from $1470 | Check Rates |
| Shanghai - Rotterdam | from $1730 | Check Rates |
| Shanghai - Fos Sur Mer | from $1750 | Check 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.
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YQN Operation Team
info@yqn.com
