US demand stabilises container prices

Container price Aug 2024

Source: Container xChange

The steady demand for US-bound shipments is keeping container prices from crashing, says market analyst, Container xChange

Since May 2024, average container prices have shown a small yet consistent upward trend, rising from US$1468 in June to US$1534 in July, and reaching US$1582 in August.

However, the picture is far from certain as a potential increase in capacity and economic turbulence may cause rates to soften.

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