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The market for container exports from China was bearish in Week 26 due to a decline in transport demand. In Europe and the United States, inflation has made governments raise interest rates, leading to weakening consumption. The composite Shanghai Containerized Freight Index (SCFI), an index for spot rates for container exports from Shanghai that do not include terminal handling charges (THCs), fell 0.3% from the previous week to 4,303.27 points, remaining on the decline for three weeks in a row.

The International Monetary Fund (IMF) has made a substantial downward revision of its forecast for the U.S. economy's growth in 2022 from 2.3% to 1.7%. On the trade route to North America, as such, transport demand is expected to go down, although port congestion on the U.S. West Coast is easing. Spot rates for containers to the west coast of North America declined 0.6% to $7,334 per FEU, going down for seven consecutive weeks. Those for containers to the east coast, meanwhile, fell 1.2% to $9,684 per FEU, staying on a downward trend for six weeks running.


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