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Transpacific ocean shipping faces an atypical peak season in 2019 after carriers cut capacity and front-loaded imports in 2018 left high inventories. The U.S.-China tariff dispute has reduced volumes from China and added uncertainty to demand.
Weak transpacific container demand and carrier capacity discipline point to softer container freight rates, which has limited direct effect on bulk feed commodity prices. The main relevance is the trade-war drag on US-China trade flows.
supplychainbrain.comAli Ashraf, SCB ContributorAug 20, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
