About HKTDC | Media Room | Contact HKTDC | Wish List Wish List () | My HKTDC |
Save As PDF Print this page
Qzone

China Sourcing Update: Transportation Cost (Jan 2018)

Transportation Cost

China Containerized Freight Index goes up in January

The China Containerized Freight Index (CCFI) jumped from 770.64 on 29 December 2017 to a four-month high of 819.59 on 26 January 2018.

The main reason for the rise in freight rates in the month was a seasonal increase in the market demand for containerized freight services, boosted by a surge in shipments as exporters rushed to send their cargos out of China before the Chinese New Year holiday.

Going forward, the demand for containerized freight services is expected to remain strong before the Chinese New Year, but is likely to fall considerably afterwards. Thus, we expect the China Containerized Freight Index to peak in February and then fall in the following couple of months.

Please click to read the full report.

Content provided by Fung Business Intelligence
Comments (0)
Shows local time in Hong Kong (GMT+8 hours)

HKTDC welcomes your views. Please stay on topic and be respectful of other readers.
Review our Comment Policy

*Add a comment (up to 5,000 characters)