This week, the China-Europe freight train operated smoothly and all the handling at ports remained unobstructed. The average trans loading time of Alashankou is 3 days, that of Khorgos is 4 days, and that of Manzhouli is about 6 days. There is relatively little data on the arrival of destinations along the European route this week, with a T/T of about 12 days from Xi'an to Malaszewizce and 22 days to Duisburg; In the direction of the Russian route, the transit time from Zengcheng and Ganzhou to Moscow is about 17 days, while the T/T from Xi'an to St. Petersburg and Yekaterinburg is about 19 days.

According to the freight forwarder, the freight rate in the European direction from terminals like Chongqing and Zhengzhou in May were basically the same as last week, while there was a general downward trend in other regions. In May, the spaces at Yiwu were reduced by $100, Chengdu by $500, and Wuhan by $300. The spot market rate in Xi'an remains low. with general prices from major two ports unchanged but the spaces on express train has increased by $200 on the original basis. Recently, Chengdu has reduced some of its European route plans and shifted its scheduling towards direct customers, resulting in tight supply. Xi'an and Zhengzhou are relatively abundant. In the direction of the Russian line, the overall supply of spaces is sufficient, and there were still surplus ones in early May. The rate from most train platforms have dropped to the range of $5000- $6000, a decrease of about 15%.

Article source: Cargo Talk