Container prices ease as China resumes activities post the Golden Week
The average standard container prices in China have plunged for both trading and leasing as Golden Week concludes in China, according to data published by Container xChange.
Since week 39, just ahead of the Golden week, the average trading price of 40 ft high cube containers has fallen 22.5% from US$8,516 to US$6,598 in week 42 – the biggest decline witnessed this year in China.
Christian Roeloffs, founder and CEO of Container xChange, said: “We are experiencing improvement in market situation as the one-way leasing charges, spot rates and other freight costs are starting to stabilise and average standard container prices are witnessing a drop for the first time in many weeks.
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