The cost of shipping between China and the U.S. plunged this week after hitting record highs in early September as the off-season approaches, a power crunch slows Chinese manufacturing and speculators rush to sell their hoarded shipping spots.
Caixin
Cost of shipping between China and U.S. plunges
Looming off-season and power crunch have forced prices down after record highs
Yangshan Deep Water Port in Shanghai. Shipping costs from China to the U.S. skyrocketed after the start of the pandemic and have now moderated but remain high. © Reuters
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