Market news

The ban on transshipment of Ukrainian grain in the port of Odessa will not only lead to significant losses for Ukraine, but will also affect related enterprises around the port. The road transport market is facing challenges. The number of inquiries is high, but the actual fulfillment of orders is low. E-commerce road transport has seen a drastic 90% year-on-year decline, prompting many road operators to return to the pre-2019 model of transport between China, Central Asia and Russia. Around 70% of Chinese citizens' savings are invested in real estate (houses), but the current number of homes is enough for 3-4 billion people. As a result, housing prices are falling. People are cautious about spending due to various uncertainties, and China is showing signs of deflation in June.

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Currently, trains from China to Europe run smoothly, with efficient operations at all border terminals. The availability of slots is sufficient and the rates remain relatively stable. The average transit time from main stations in China to Małaszewicze in Poland is 13 days, and to Duisburg it varies from 18 to 21 days. The maximum number of containers carried by the train is currently 55, and their maximum weight is 3000 tons.

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June rail quotas from China to Europe are almost sold out. Rates from Xi'an are expected to increase in July. due to the reduced number of trains and lower subsidies. Rates from Chongqing are expected to fall by 10%. June 14 Uzbek President Mirziyoyev stated that the construction of the “Uzbekistan-Kyrgyzstan-China” railway could start before the end of 2023. Kyrgyzstan's deputy economy and finance minister stated that the China-Kyrgyzstan-Uzbekistan railway line will be completed by 2026.

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We invite you to read a very interesting article showing the current situation on the New Silk Road in the face of the conflict in Ukraine. 

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https://tiny.pl/cgs6x

This year, due to the decline in sea freight rates, many rail cargoes have been transferred to sea transport, which is a challenge for the rail market. Some industry experts point to specific problems related to rail transport. The average rail delivery time from China to Malta is currently 14 days, to Budapest 20 days and to Duisburg 21 days. Demand from China to Europe remains stable and the number of slots is sufficient. Rail freight rates fell in some regions, such as Chongqing-Mala by USD 400 and Chongqing-Duisburg/Hamburg by USD 600 per FEU.

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