关税波动影响预期，中国出口集装箱运输市场继续反弹

Core Insights - The shipping rates for routes from Shanghai to the U.S. West Coast and East Coast have increased significantly, with a rise of 31.9% and 16.4% respectively [1][2] - The overall shipping demand remains stable, contributing to a rebound in the container shipping market in China, as indicated by a 12.9% increase in the Shanghai Export Container Freight Index [2] - The ongoing U.S.-China trade tensions and tariff fluctuations are disrupting trade expectations and affecting the rhythm of export shipments [2][3] Shipping Rates and Market Trends - As of October 17, the Shanghai Export Container Freight Index reached 1310.32 points, reflecting a 12.9% increase from the previous period [2] - The market rates for shipping from Shanghai to the U.S. are now $1936 per FEU for the West Coast and $2853 per FEU for the East Coast [2] - The shipping rates to Europe have also seen an increase, with the rate to European ports at $1145 per TEU, up 7.2% [4] Trade Dynamics - China's exports to the U.S. have decreased by 27% in September, marking six consecutive months of negative growth, while exports to the EU have increased by 14.2% [4] - The trade environment is characterized by a cautious sentiment among businesses, with many opting to observe policy developments closely [3][4] - The introduction of new port service fees by the U.S. and China's retaliatory measures are expected to further complicate the trade landscape [2][3] Company Performance - DSV Group reported a 2% year-on-year increase in container transport volume in the first half of the year, driven by a focus on high-growth sectors such as perishables and semiconductors [5] - The company is facing profit pressures due to currency fluctuations and trade uncertainties, despite the increase in business volume [5]