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Significant fluctuations in container rates; 'prices change every 48 hours'

Container prices in China are experiencing significant fluctuations, with rates changing rapidly within just a few days. Primarily, increasing complications due to geopolitical tensions and uncertainties are causing price increases and fluctuations, reports Container xChange, an online container logistics company based in Hamburg.

Customers and container traders in China note that prices are constantly rising, adjusted every 48 hours, and are mainly influenced by uncertainty in the Red Sea and risk coverage by suppliers and sellers. Orders for containers have significantly increased in April, with factories booked up until July or even September, while some sellers are holding onto their inventory in anticipation of price increases in May.

Photo: Dreamstime.

Source: American Journal of Transportation

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