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Container production has gradually increased, and new container prices have declined.

Time:2022-02-23 Publisher:Kevin Num:3184

In the early days of the outbreak, the demand for containers was also increasing due to the sharply rising import demand. However, the surge in demand has not been adequately supplied, so container prices have remained high.

This situation has continued to this day. But now Drewry has released data showing that China's container manufacturing industry will produce nearly 7.2 million 20-foot containers in 2021, more than doubling from 2020.

As the number of new containers continues to increase, its price is also showing a downward trend. According to the latest data from Triton International, the world's largest container leasing company, the price of new containers has dropped to $3,400/TEU.

The company has delivered $3.6 billion worth of containers last year, and has had new container orders worth $415 million so far this year.

The company's director, John, said that a marked increase in the production of new containers in 2021 has moderated prices and alleviated the shortage of containers to some extent.

In fact, the high volume of new containers not only alleviated the supply chain problems, but also brought the container inventory back to normal levels.

On the issue of whether the container market has been eased because of this, the person in charge said: "The market is still tight now, and the utilization rate of boxes is still close to 100%. But shipping companies don't have to compete for containers as before, because there are still plenty of containers now. of.

Although the price of new containers has fallen compared to before, the used containers in the second-hand market have not. "Prices for used containers remained high throughout the fourth quarter due to continued strong demand," John said.

With the high utilization of containers around the world and the deterioration of port congestion, the problem of container accumulation in ports is still very serious. This means that the resale market is still in short supply, and used container prices remain high.

Even though the queues of ships waiting in LA/LB have eased recently, logistics experts don't expect port congestion to end anytime soon. Therefore, solving port congestion has become the key to easing tensions in global supply chains.

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