The Southeast Asian freight market began to perform

02-12-2021

For grinding steel ball buyers, they all understand the loss caused by the increase in ocean freight.


When everyone thinks that the U.S. line's freight cost has exploded


The Southeast Asian freight market began to perform, and the grinding ball industry is also unavoidable.


Since October, the shipping market in Southeast Asia has taken over the freight rates of the U.S. line and has begun to rush all the way. The freight rates of almost all major ports in Southeast Asia have generally increased by nearly one or two times in just one month! Correspondingly, the price of our grinding balls exported to Southeast Asia has also risen a lot.

The Southeast Asian freight market began to perform

Among them, the rate of increase in shipping costs in Vietnam is huge, and the speed is particularly jaw-dropping. Take South China to Ho Chi Minh Port as an example. From the end of October to the beginning of December, the shipping fee for a 40-foot container will be from US$500 for one month. Around $2,000 to $2,500, the highest increase is up to 5 times!


This means that the shipping cost of our grinding steel balls has doubled by five times. For customers who frequently purchase, we have given advice on booking space in advance, which appropriately reduces the loss of customers.


Thirdly, we also suggest that other Southeast Asian buyers, if there is a demand for forged steel balls, cast steel balls or cast sections, please purchase them as soon as possible to avoid price increases or less space.

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