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In the recent period of time, for textile foreign trade people, two aspects of the news always affect their hearts.
At first, there were frequent price adjustments in the shipping market due to capacity problems, and now the yuan has appreciated much more than expected...... What impact will they have on the textile industry?
Freight rate decline trend gradually stopped, cost or increase?
Since April this year, the sea freight has risen continuously, and some routes have risen from the original $3,000 to nearly $10,000 later, making many textile foreign trade people miserable.
After entering July, the sea freight rate finally dropped. The latest data show that the Shanghai export container Freight Index (SCFI) fell for four consecutive weeks, falling more than 400 points in the past month, or 10.74%.
However, in order to curb the continued decline in freight rates, foreign media reported that major route operators plan to adjust the freight rates from Asia to the West Coast of the United States in mid-August, that is, since August 15, a number of shipping companies announced that the freight rate per 40 feet of containers will be increased by $1,000.
It is worth noting that the third quarter as the traditional freight season, freight volumes will continue to grow strongly, and the subsequent maritime market will be increasingly short of ships, short of boxes and other situations. As a result, the decline in freight rates is expected to come to an end in August.
And market rumors, after the shooting, the "Trump effect" has emerged, and some trade protectionist measures may be implemented, especially in terms of tariffs, which will affect the textile market to a certain extent, and some purchase orders will arrive in advance.
For textile foreign trade enterprises, these changes are particularly important when it comes to order delivery and profit space. If we can grasp these orders that come in advance and reduce transportation costs as much as possible, this will undoubtedly make textile enterprises gain more profits.
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