Core Insights - The traditional peak season for shipping has arrived in Q3, but shipping prices between China and the U.S. have significantly dropped, leading to low export willingness among traders [1] Shipping Industry Overview - The peak season for exports on the U.S. routes typically runs from June to October, but current cargo volumes and inquiries are notably low [1] - Recent shipping prices for the East U.S. route have fallen to $3,300-$3,800 per FEU (40-foot standard container), while the West U.S. route is at $1,700-$1,800 per FEU [1] - In comparison, prices peaked in early June, reaching $7,000 per FEU for the East U.S. route and $6,000 per FEU for the West U.S. route [1] - The West U.S. route has seen a price drop of approximately 70%, while the East U.S. route has decreased by around 50% [1] Company Actions - Industry insiders indicate that the current pricing for the West U.S. route is nearing the cost price for shipping companies [1] - Two shipping companies have already reduced their capacity on the West U.S. route, with the possibility of other companies following suit [1]