/ world today news/ Already last August-September, when the Americans were flooded with the first wave of aid that was not covered at all, the value of the supply of goods from China jumped sharply and was accompanied by headlines like “The price of the Pacific supply of goods went crazy” and the like.
But then they had not yet seen the current prices.
Thus, the Freightos Baltic Daily Index with delivery of a 40-foot container (FEU) from Asia to the US West Coast (SONAR: FBXD.CNAW) reached $5,650, which is 15% above the rate at the beginning of the month, 70% above ” “crazy” prices from August-September and at 3.2 times higher than last May.
The picture is similar with the other indices, albeit with different methodologies.
The US Asia-East Coast Index (via the Panama Canal) reached $7,435 per FEU, an annual increase of 171%.
The Shanghai-Los Angeles index reached $5,255 per FEU, up 201% year-on-year, Shanghai-New York at $7,085 per FEU, up 154%.
Shipments from Asia to Europe have seen even wilder growth, with quotes for deliveries at Northern European ports (SONAR: FBXD.CNER ) reaching $8,331 per FEU, up 493% year-on-year – 5.9 times May 2020.
In general, the global printing press has stumbled not only that the entire world production has hundreds of times less growth rate, but also that there is no transportation for all this pile of paper for secondary raw materials.
Translation: V. Sergeev
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