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China-Europe freight train operation updates (Week 32)

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China-Europe freight train operation updates (Week 32)

Date of release:2023-08-14 Author: Click:

The average reloading time at Alashankou is about 3 days, that at Khorgos is about 7 days, that at Manzhouli is about 8 days, and that at Erenhot is about 10 days. The overall T/T in the European direction is stable. Taking Chengdu- Lodz as an example, the average T/T in recent days is 17 days, and Chengdu to Budapest is 23 days, which is basically the same as the previous two weeks. In the Russian direction, the average T/T for trains to Vorsino is 19-22 days, while that from Hefei to Vorsino exceeds 30 days. Now, it usually takes about 15-20 days for the service from domestic stations to Elektrougli.

 

The supply of spaces and freight rates for each route are as follows:

 

European route:

Outbound route - The supply of spaces is sufficient, and according to the plans distributed by platforms, there are still a large surplus of spaces available s in mid to late August.

Inbound route - Although the overall cargo volume has not changed much, the demand climbed a little due to factors such as a longer T/T for ocean transport and reduced schedules for rail. The spaces at stations such as Wuhan, Chengdu, Chongqing, Xi'an, Yiwu, Changsha, and Hefei have been planned for mid to late August. 

 

Russian route: The supply and demand of the Russian market is stable, and the supply of spaces is sufficient. Compared to the same period in 2022, the platform's booking prices have decreased by as much as 50%.

 

Central Asia route: The market volume has not changed much from July. Due to the reduction in schedules, spaces that can be offered have been tightened. Those at Xi'an are basically sold out, and only a few can be  found in the market. It is reported that the platform will soon raise its booking price which may drive up spot freight rates in the near future.

Article source: Cargo Talk


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