Shipping market earthquake: the truth behind the drop in shipping prices and the backdrop of stock prices!
July 10, 2024
Recently, the container shipping market price hike plan, scheduled to be implemented on July 1, triggered a market price hike due to the Mediterranean Shipping (MSC)ining the original price on the U.S. West Line, and most companies have reduced shipping prices. The U.S. East Line price hike is basically implemented, but there is a possibility of a future reduction. MSC announced shipping prices will beined until the end of July, bringing a breath for shippers. At the same time, the European line has slowed down, and the port congestion in Singapore has changed.
The surge in China's home appliance exports: Opportunities and challenges under the global market recovery!
July 9, 2024
今年以來，在國際市場需求回暖的帶動下，中國家電出口實現(xiàn)穩(wěn)步增長。 出口持續(xù)向好的同時也要看到，家電出口仍面臨著復(fù)雜嚴(yán)峻的外部形勢。一方面，國際市場需求不振，世界經(jīng)濟低迷；另一方面，貿(mào)易保護主義抬頭，地緣沖突加劇，歐洲市場通脹外溢...
South Korea's chip exports hit a record, and AI demand detonated the global market!
July 4, 2024
According to the Korean Associated Press, local time on July 1, data released by the Ministry of Industry and Commerce Resources of South Korea showed that with the global demand for artificial intelligence (AI) boom, the export of Korean chips recorded a record high. data showed that South Korea's exports increased by 5.1% in June, reaching $ 57 billion, achieving growth for the ninth consecutive month. while imports dropped by 7.5% in June, to $ 49 billion.
China's photovoltaic exports face new challenges in carbon footprint. How can companies break through?
July 3, 2024
In recent years, China's photovoltaic products have not only played an important role in promoting domestic and foreign trade quality increase and stability, optimizing foreign trade structure, but also contributed positively to leading global green development and energy innovation.H, with several countries in succession put forward carbon footprint accounting standards and requirements for photovoltaic component products, China's photovoltaic industry development and product export is facing new challenges.
The negotiation on the upgrade of the China-Secret free trade agreement has been completed, and new opportunities for economic cooperation have ushered in!
July 2, 2024
On June 28, China's Commerce Ministry Minister Wang Ventao and Peru's Foreign Trade and Tourism Ministry Minister Gardo jointly signed the Memorandum of Understanding between the Ministry of Commerce of the People's Republic of China and the Ministry of Foreign Trade and Tourism of the Republic of Peru on the substantial completion of the China- Peru Free Trade Agreement upgrading negotiations.
ExxonMobil and SK On sign a 100,000-ton lithium supply agreement!
27 June 2024
On June 25, 2024, U.S. energy giant ExxonMobil announced a non-binding agreement with Korean SK Group’s battery manufacturing subsidiary SK On. Under the agreement, ExxonMobil will supply SK On with lithium from its proposed Arkansas state project. This partnership marks the two companies’ important strategic layout in the electric vehicle battery supply chain and is expected to...
Shipping prices have tripled, so where will global trade go?
June 26, 2024
In the field of international trade, fluctuations in shipping prices often affect the nerve of the global economy. In June 2024, the flat shipping market saw a surge in shipping costs. According to Freightos’s main shipping platform, the container cash price index FBX shows that international shipping charges rose from about $1,200 per flight in 2023 to $4,500 today, compared to January by Red Bull.
14th round of EU sanctions on Russia: 19 Chinese companies seriously hurt!
June 25, 2024
On June 25, 2024, the Council of the European Union officially announced the 14th round of sanctions against Russia, putting 61 entities, including Russia, China, Kazakhstan, Kyrgyzstan, Turkey and the United Arab Emirates, on the blacklist of those directly supporting the Russian military and industrial complexes to launch war.
U.S. economic recovery signal: The rebound in cardboard box prices heralds growth!
24 June 2024
For many, it may be difficult to imagine that seemingly unobtrusive cardboard boxes are actually an important indicator of the macroeconomic health of the United States. Cardboard boxes are a key component of the supply chain and are widely used in e-commerce transactions and store shipments. Therefore, cardboard demand and price data have been used by economists to judge the health of the overall macroeconomy.
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