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Shipping costs have risen sharply, and corporate exports are under pressure

2021-08-05
Latest company news about Shipping costs have risen sharply, and corporate exports are under pressure

Global Silicone Network News: Shipping costs have risen sharply, and the export of monomer companies has been under pressure. Exports have reached the limit, and there is not much room for further upwards.

 

Affected by the epidemic, container freight rates have continued to rise in the past year. Recently, the rapid increase in dry bulk freight has caused concern. According to S&P Global Platts data, the freight for a 40-foot standard container from China to the West Coast of the United States is currently about US$7,400, which is almost five times that of last April.

 

On August 2, the share price of silicone-related stock Xin'an soared by 7.41%, and participants were profitable.