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The "weak dollar" is coming quietly.
It should be quite a headache for foreign traders in the near future. After decades of old foreign trade, it is also the first time to catch up with the crazy era of $10,000 in sea freight.
Take the hot Sino-US route as an example, the shipping price to the United States continues to soar. At present, the freight for a 40-foot container needs 5,500 US dollars, or even 7,000 US dollars, which is two or three times that of the same period last year, reaching the highest level in 20 years. At present, the sea freight from Ningbo to Sudan has exceeded ten thousand dollars. In addition, the sea freight from Ningbo to the British port of Felix Stowe also reached a new high, and it was the first time that it exceeded 10,000 US dollars.
In addition to sky-high freight, containers are hard to find. The ports of Long Beach and Los Angeles in the United States have collapsed, while British containers have flooded into villages. Some ports in Spain have begun to add congestion surcharges, and the congestion in Guinea ports is becoming more and more serious. The global demand for cargo transportation has decreased sharply, and major shipping companies have suspended their routes and reduced the number of voyages for exporting containers. At present, Europe and America are experiencing the impact of the second wave of epidemic, so China, which took the lead in warming up, has a large number of industrial products shipped abroad, but not many industrial products returned, which leads to the unsmooth flow of containers around the world.
In addition to the complexity and difficulty of international freight transportation, the continuous appreciation of RMB has aggravated the current export situation. If the order is received before September, the exchange rate will drop from 7.0 to 6.5, and the sea freight will skyrocket, and the payment for shipment and receipt in these months will definitely suffer heavy losses. However, the soaring sea freight not only doubles the export orders, but also makes it possible for foreign buyers to postpone or even cancel their orders due to the high sea freight. This situation is not expected to ease until February 2021.