Latest Operation of China Europe Railway Express (Week 9)

On February?19, RTSB issued a statement saying that due to?strong winds and severe cold weather, the efficiency of transshipment operations?at the two?ports of "Alashankou -?Dostyk"?and "Khorgos - Altynkol" was reduced, and many?containers?were?detained?here, with an average of 7-14 days.?According to?data?observed by Cargotalk this week, the reloading?time of ?northern border and central?border has?been?extended, and the handling time?of?Manzhouli?and?Erenhot has exceeded one week, generally 6-12 days.

With the recovery?of the rail?transport?, the volume of goods?transported by rail to Europe has increased significantly.?Stations such as?Brest?and?Mala?have seen queues waiting to enter,?coupled with weather factors,?resulting in?delays in reloading.?Despite these?challenges,the?industry insiders are confident that in the coming weeks, it is expected that transportation efficiency will?return?to normal levels?after the weather improves.

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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 by $50.?At the same time, price from Guangzhou,?Shenzhen, and?Xiamen to Mal has increased?by?3%, all above $1600. The price at Russian direction?has?remained, with some routes still experiencing significant growth.?For example,?due to a shortage of containers, the price of "Xiamen-Moscow" has increased by 6%; The price of Qingdao-St’?Petersburg has been increased by 8%.?Unlike other routes, the overall rental box prices from Central Asia have shown a downward trend this week, with "Chongqing-Almaty"?sinking by 4% and?"Shanghai-Tashkent"?sinking by 3%.

The spot freight rates for this week are as follows:

European bound service:

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Westbound?- 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 has increased by 22%. While the booking price for?“YUXINOU”?COC?has?also?increased by $700. The prices?at?the Xi'an platform?have been adjusted to varying degrees, with a $50 increase in prices for ordinary service and a $400?decrease in prices?for the express trains?to?Hamburg.

Eastbound?- In?March, there are sufficient seats on the eastbound train, and the prices of the routes?to Chongqing,?Changsha, and?Zhengzhou remain unchanged.?Other platforms have varying degrees of fluctuations. The spot freight for "Duisburg-Chengdu" has been increased by $900; The "Duisburg?-Xi'an"?express train has been increased by $300; The freight rates for trains destined to?Jinan?and?Yiwu have increased by $100?and?$200?respectively.

Russian-bound service: The Russian?market continues to be weak, and transportation demand is slowing down. In mid to early March, various platforms released a large number of spaces, and the?schedule was set as usual. It is expected that the spot freight rate?in March?will be basically the same as before, generally be?around 3300-4500 US dollars.

Central Asia-bound service: 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. The price for the March will be reduced by 1500 yuan.?And for those who may concern, there are?regular trains from Chongqing, Xi'an, Wuwei, Mianyang and other places to Georgia, Azerbaijan,?Türkiye.

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