https://container-news.com/china-usec-rates-break-through-us4000-barrier/
China/USEC rates will be approaching US$5000 FEU and the incremental freight rates will be reflected in the inflation rate in the future because transportation costs will affect many goods.
Moreover, the average freight rate index has been rising steadily despite the economic contraction caused by the COVID outbreak in 2020.
This index is a harbinger of future trend and it means that there is an impending inventory growth which I've indicated earlier in my previous post below.
"However, the production had improved to 63.3 which might indicate that the inventory reduction phase would end soon. Overall, the PMI had risen to 56 which was a good indication of positive economic growth in the US."
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