The Golden Week holiday led to a notable slowdown in cargo volume. From Hysun’s operational perspective, the market is largely range-bound. Space remains tight on the Trans-Pacific, while equipment is beginning to accumulate on the Asia-Europe lane.
Spot rates on the Trans-Pacific are stabilizing at high levels. Rates from Shanghai to Los Angeles stand at approximately $7,835 per FEU, and Shanghai to New York at $10,428 per FEU. According to Xeneta, these figures have essentially marked the peak for the year. Conversely, the Asia-Europe trade has recorded its 12th consecutive week of declines. Rates to Rotterdam fell to $3,399 per TEU and to Genoa to $3,702 per TEU. With the reopening of the Suez Canal releasing additional capacity, rates are expected to remain soft post-holiday.
Trading prices saw minimal movement. Domestic depot prices for used 20GPs are holding steady between RMB 8,000 and 12,000, while used 40HCs range from RMB 15,000 to 25,000. New container factory prices remain firm at the bottom, with current delivery slots extending through late November.
On the leasing side, monthly rates for 20GPs (for ocean freight use) range from RMB 600 to 3,000, with 40HCs priced slightly higher. Short-term leases command a 15% to 25% premium over long-term contracts. The vessel charter market remains more resilient; the New ConTex index closed at 1,651 points. Time charter rates for 1,800 to 2,700 TEU feeder vessels posted slight month-on-month increases, with available tonnage remaining tight.
Week 41 is defined by divergence, not rate hikes. Do not chase highs on the Trans-Pacific; exercise patience on the Asia-Europe lane. The secondary market remains stable, and short-term leasing continues to carry a premium.
Hysun Inventory List Week 41:
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