morning close20freespinsnodeposit2022, the main domestic futures contract rose more than fell less. Soda ash rose by more than 5%, Shanghai nickel and polyvinyl chloride (PVC) rose by more than 3%, and liquefied petroleum gas (LPG), glass, coke, coking coal, and lithium carbonate rose by more than 2%. In terms of decline, the container shipping index (European line) fell more than 6%.
In the short term, soda ash futures prices are expected to be high and volatile, and maintenance expectations are still in place.
According to the analysis of SDIC Anxin Futures, the inventory of soda ash companies declined slightly, and the overall fluctuation was not large. China National Salt Qinghai Soda Industry plans to stop maintenance, Jiangsu Real Union will maintain maintenance for one month, Boyuan will reduce the number of operations, Shandong Haihua plans to maintain 15 days on May 21, and the weekly output will drop to 710,000 tons month-on-month. It is expected that the subsequent low-level and volatile operation will be the main one. Float cold repair and photovoltaic ignition coexist. Heavy alkali just needs to be supported. There is a certain resistance to high prices in the downstream, which mainly consumes its own inventory. Spot prices have declined recently. In the short term, it is expected that the futures price will be mainly high and volatile, and maintenance expectations are still in place, making it difficult for the futures price to fall sharply. However, against the background of a large increase in supply, coupled with the current low inventories in the middle and lower reaches and large fluctuations, we will participate cautiously.
How to solve the "box worries" when sea freight costs rise?
Recently, during a survey in key foreign trade provinces and cities, reporters found that due to multiple factors, foreign trade export shipping prices showed an upward trend. What is the actual situation? Yiwu Port staff said that the rise in shipping prices caught some traders unprepared and had to delay shipments. Sea freight costs continue to rise, particularly posing challenges to the export of small, medium and micro foreign trade enterprises. Experts said that the increase in sea freight rates reflects a certain degree of recovery in global foreign trade. In the first four months of this year,20freespinsnodeposit2022my country's import and export volume of goods trade increased by 5% year-on-year20freespinsnodeposit2022.7%, an increase of 8% in April, exceeding market expectations. From the supply side, the situation in the Red Sea is still one of the main factors affecting the trend of the container shipping market. Continuing tensions in the Red Sea have caused cargo ships to bypass the Cape of Good Hope, significantly increasing route distances and sailing days, driving up shipping prices. Experts said that shipping prices fluctuate in the short term, bringing cost and timeliness challenges to foreign trade entities. However, as the cycle passes, prices will fall, which will not have a significant impact on the macro aspects of my country's foreign trade. (CCTV Finance)
