The market trend has not yet been clear.
- Author:Lian
- Source:sofreight.com
- Release Date:2023-04-24
Since the second half of last year, the shipping freight has begun to enter the downlink range.Does the current shipping price rebound mean that the recovery of the shipping industry is expected?
The market generally believes that as the summer coming season is about to approach, collecting companies are re -expressed confidence to promote new capacity.However, at present, European and American demand continues to be weak.As a macroeconomic data correlation with high freight freight rates, the manufacturing PMI data in Europe and the United States in March is not ideal, and it has a decline in varying degrees.The American ISM manufacturing PMI decreased by 2.94%, which is also the lowest point after May 2020, while the euro zone manufacturing PMI decreased by 2.47%, indicating that the manufacturing industry in these two regions is still shrinking.
In addition, some people in the shipping industry stated that the maritime prices of ocean routes are basically dependent on market supply and demand, and most of them float up and down with the market.From the perspective of the current market, the price of sea transportation has recovered compared with the end of last year, but whether the price of ocean -ocean transportation can truly increase is yet to be observed.
In other words, this wave of upsurge was mainly driven by seasonal shipments and market emergency orders. Whether it means that the freight rate starts to rebound the trend, and eventually it must be determined by the market supply and demand.
The market generally believes that as the summer coming season is about to approach, collecting companies are re -expressed confidence to promote new capacity.However, at present, European and American demand continues to be weak.As a macroeconomic data correlation with high freight freight rates, the manufacturing PMI data in Europe and the United States in March is not ideal, and it has a decline in varying degrees.The American ISM manufacturing PMI decreased by 2.94%, which is also the lowest point after May 2020, while the euro zone manufacturing PMI decreased by 2.47%, indicating that the manufacturing industry in these two regions is still shrinking.
In addition, some people in the shipping industry stated that the maritime prices of ocean routes are basically dependent on market supply and demand, and most of them float up and down with the market.From the perspective of the current market, the price of sea transportation has recovered compared with the end of last year, but whether the price of ocean -ocean transportation can truly increase is yet to be observed.
In other words, this wave of upsurge was mainly driven by seasonal shipments and market emergency orders. Whether it means that the freight rate starts to rebound the trend, and eventually it must be determined by the market supply and demand.