? The US ports are congested here, and American companies are forced to spend a sky-high price to charter flights to China to pick up goods, while the freight rates for grains from the US and South America to China are declining.
0 year is approaching. Seeing that various festivals are approaching, the port is unloading but not timely, and the shelves are not replenished in time. American manufacturer Ty has booked 150 flights to China to pick up goods. Don’t underestimate these flights in , the cost of one trip is more than US$1.5 million (about RMB 9.58 million).
In contrast, sea freight costs from the United States and South America to China fell significantly. Among them, freight freight rates from the United States to North China ports in China fell about 9% compared with a week ago, freight rates from Brazil to China fell between 8.6% and 10%, and freight rates from Argentina to China also fell nearly 9%.
Why are American companies willing to spend a sky-high charter flight to China to pick up goods? In addition to the congestion of ports, the shipping prices from China to the United States are too high, and the price advantage over air freight is also greatly reduced. Someone wants to ask, it’s wrong. Didn’t it mean that the price of shipping in China and the United States has dropped or even cut in half? How come there is no price advantage?
The situation is like this. The shipping costs of China and the United States have indeed decreased compared with the high point, but because it has risen too much before, even if the price is halved now, the price is actually not low. Baltic container freight index FBX shows that the freight rate from China/East Asia to the west coast of North America is still $14,185, and the freight rate from the east coast of North America is even higher than $16,124.
It doesn’t matter if the freight price is high. After the freighter arrives in the United States, he still cannot find a worker to unload the goods. If he parks in the port, he will be fined by the Biden government. Do you think it’s annoying? . American companies have a headache, and you think the supermarket shelves are out of stock, so you hurry to go to work to unload the goods. If you don’t unload the goods, do you eat the northwest wind?
workers were not happy when they heard this. They received more subsidies than going to work at home. What kind of work do I do? American companies, which were forced to avoid the crowded ports, had to choose to use flights. But then again, do you think someone will unload the goods on the flight? If so, the US airports would not be so crowded now, and they are not much better than ports.
In comparison, the shipping prices from the Americas to China are still declining, which is not surprising. In fact, when global shipping prices were "high" in the past few months, the freight rates for the Americans to China were only around US$1,200, less than 10% of China's routes to the United States.
Nowadays, as sea freight prices continue to cool down, North American freight rates have fallen below $900. Why is this?
On the one hand, this is determined by supply and demand. Everyone knows that due to the impact of the epidemic, the US government has "spreading money" on a large scale, and workers have money to take when they lie at home and stop working, which has led to a large reduction in the United States' exports. As a result, the demand for North America's routes to China is naturally not high, and the prices are no longer high.
On the other hand, port congestion is a "American feature". is different from Chinese people. Americans do not have the habit of saving money, so when the country sends money, Americans buy and buy, which leads to the rise in demand in the US market beyond expectations and sea freight prices soar. In contrast, the demand in China's market is relatively stable, and sea freight has no basis for price increase.
Someone wants to say, so what if the freight rates in the United States are high? They just print money and buy it. So did the Americans win? may be the case in the short term. The United States started printing money machines and bought all over the world, but did it not have to pay back the bonds in U.S. ? "Spend money for a while, and pay the crematorium." In the long run, isn't the United States overdrawing its national destiny?
text | Lu Shuoyi Title | Zeng Yi Review | Lu Shuoyi
