EC Futures Shift to Downside Rate Betting as Shipping Carriers Cut July Rates to $5,500

According to a Haitong Futures research report cited by Jin10 on July 2, the EC futures market shifted its core trading logic from "inflection point expectation" to "inflection point confirmation plus downside rate negotiation." MSC and the PA alliance announced rate cuts for early July, with YML adjusting its standard container rate to $5,500, ONE following with FE4 special rates at $5,108 per container on July 11 Shanghai arrivals. Maersk maintained July rates at $5,500 for week 29, while MSC announced a July late-month increase to $7,700 per container, up $200 from prior guidance. With July overall cargo volumes weakening and PA alliance carriers facing booking pressure, East China market rates converged toward $5,100–$5,500 per standard container.
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