Due to the geopolitics, record high euro zone inflation risked fuelling “inflation psychology,”, referring to a phenomenon when consumers and businesses adjust their habits in anticipation of higher prices.
Once inflation psychology sets in, consumers bring forward their spending to beat the rise in prices while businesses start lifting their own prices, expecting higher costs, with both behaviours perpetuating inflation. There is really high inflation rates in European country now, and clearly it could be in a world where inflation psychology is taking hold
With the growing high inflation rates, the demands has been depressed in EU, the shipping volume from China to EU is also less expected than before,
In the week ending Jun-17, Ningbo Containerized FreightIndex (NCFI) issued by Ningbo Shipping Exchange (NBSE)
quotes 3473.6 points, slightly falling by 1.9% against last week. Meanwhile, twelve selected routes have fallen. In addition, according to the freight indices of the primary ports along the Maritime Silk Road:eleven ports are declining.
The capacity base of European routes was relatively large. Due to the recent gap in the loading rate,some carriers have taken the initiative to reduce freight rates to strengthen cargo collection under pressure, driving the spot price to fall. This week, freight index in the route from Ningbo-Europe quotes
4141.8 points, down by 3.7% from one week ago.
To better supply the needs of our customer, PFS have prepare some competitive and effective solutions like pre-book shipping space with special sea freight, well-arranged destination trucking plan, guaranteed space in certain vessel etc..
If you have any questions or needs, please contact us info@pfs-logistics.cn.We will provide you with the most efficient and competitive logistics solutions, thank you!
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