China-EU Rail Update 01/03/24

Overview of port operations

In the 9th week, the container rental market remained unpredictable, with prices fluctuating rapidly. In the European direction, the rental prices from coastal cities such as Qingdao, Shanghai, Ningbo, and Shenzhen to Lodz have generally increased. At the same time, prices from Guangzhou, Shenzhen, and Xiamen to Mal have increased by 3%.

Continental services

Outbound service: Freight trains bound for Europe in March offer sufficient supply, with spaces available in early and mid-March. The booking prices on most platforms remain stable, and the major adjustment are related to container rental prices. The COC booking prices on multiple platforms have been significantly adjusted. Those from Chengdu to Mala, Lodz, Nuremberg, Duisburg, Hamburg, and Tilburg have increased by 22%. While the booking price for “YUXINOU” COC has also increased. The prices at the Xi'an platform have been adjusted to varying degrees, with a small increase in prices for ordinary service and a decrease in prices for the express trains to Hamburg.

Inbound service: In March, there is sufficient space on the eastbound train, and the prices of the routes to Chongqing, Changsha, and Zhengzhou remain unchanged. Other platforms have varying degrees of fluctuations.

Intra-Asia services

The prices of the routes departing from Xi'an remained stable in March, and there were many scheduling plans in the first ten days with sufficient spaces. The LCL on trains from Zhengzhou to Tashkent is full, and most FCL spaces are still available.