According to A CCTV financial report, sea freight prices have been climbing since May this year.
As of Oct. 9, Shanghai’s freight rates for exports to the U.S. West and U.S. East Basic ports were $3,848 and $4,622 per container, respectively, the highest since 2009, nearly tripling from $1,361 per container in early March.
Container prices have soared mainly because shipping companies have been hit hard by the outbreak, leaving them short of capacity to meet the sudden increase in demand.
The reason for the increase in demand for shipping is that many foreign trade orders began to be replenished after the outbreak was brought under control at home.
Meanwhile, cross-border e-commerce has brought new categories of goods.
CCTV’s financial reports, even though China has now fully resume work and production, the European and American countries also restart the economic activity, but the shipping container shipping companies to restore to its normal state of transportation need time, plus the consumption peak season is coming, so far, in the following a period of time, shipping prices stay high level is still a big probability event.
This shows, the first half of the foreign trade industry, which suffered a huge impact, from the second half of this year began to recover gradually, and in the fourth quarter of rapid growth.
As a more direct example, China’s exports totaled 1.661.97 trillion yuan in September, up 8.7 percent year on year, according to the General Administration of Customs.
Our company is a professional cosmetics packaging material production enterprise, adhering to the spirit of the Internet, thinking way to serve every customer, breaking the industry’s traditional boundaries, in order to build a one-stop cosmetics packaging material procurement platform, we are still working on it.
Our company moved to the new factory in August 2019, now we own more than 20,000 square meters manufacturing shop, adopt dust-free workshop, carry out 6S standard. We have passed the ISO900,BSCI certification and so on. We are still continually improving our production system. It’s all about providing a good quality to the customer.
Our company also bought a series of automatic bottle blowing machines, printing machines and mold processing machines. Now we devote to the product quality and development of new products, looking forward to more new customers to join us.