集装箱运价旺季中回落 欧美线运价现分化 Container freight season back in Europe and the United States line freight now differentiation

　　8月3日，上海航交所发布的7月份上海港出口集装箱综合运价指数报收1370点，较上月下降6.2%。其中，日本关东线343USD/TEU，下降1.4%；欧洲线1710 USD/TEU，下降9.4%；美西线2671USD/FEU，上涨3.9%；美东线3990USD/FEU，上涨6.3%。

On August 3,，Hna on hand in July issued by Shanghai export container comprehensive freight index at 1370 points，A fell 6.2% last month。the，Japan off eastern 343 usd/TEU，Fell by 1.4%；European line 1710 USD/TEU，Fell by 9.4%；Beauty the west 2671 usd/FEU，Rose 3.9%；Beauty (3990 usd/FEU，Rose 6.3%。

　　7月份，我国外贸进出口增长速度远低于预期。海关总署数据显示，7月份我国进出口同比增长2.7%，增速有所回落。其中出口增长仅为1%，进口增长4.7%，贸易顺差收窄。受此影响，集装箱运输旺季不旺，运价出现回落，我国主要集装箱港口运输也出现了滞涨，为近几年罕见。

In July，Our country foreign trade import and export growth rate is far lower than expected。The general administration of customs data display，In July China import and export year-on-year growth of 2.7%，Growth has eased。The export growth is only 1%，Imports rose 4.7%，The trade surplus narrowed。Affected by this，Container transportation is not busy season，Rate fell，Our country main container ports transport also appeared stagflation，In recent years, rare for。

　　即使在如此背景下，班轮公司凭借其集中度仍不忘进一步上调运价，但提价效果并不理想，除北美线运载率上升到90%－95%，其他航线运载率均维持在八成以下，7月底量价齐升的出口潮并未显现，揭示市场反映较为平淡。由于缺乏基本面支撑，上海港出发的15条主要航线运价仅4条航线上涨，其余均出现不同程度的降价。

Even in such a background，Liner companies with its concentration still did not forget to further increase rate，But price increase effect is not ideal，In addition to North America line carrier rate up to 90% - 95%，Other airline carrier rate are maintained under eighty percent，The end of July JiSheng volume and price of export boom did not appear，Reveal market reflect more insipid。Due to the lack of fundamental support，Shanghai set out in article 15 main route rates are rising four routes，The others all appear different degree of price cut。

　　7月份中国经济先行指数PMI为50.1%，比上月微幅回落0.1个百分点。其中新出口订单指数为46.6%，比上月下降0.9个百分点，该指数50%为荣枯标准线，预示今年我国外贸保“十”的任务十分艰巨，未来几个月集装箱运价能否保持高位仍存变数。

In July China's economic leading index PMI is 50.1%，Slightly more than a drop of 0.1% last month。The new export orders index is 46.6%，Fell 0.9% last month，The index 50% vicissitude gauge wire，Indicate this year our country foreign trade to protect“ten”Task is arduous，The next few month container freight can remain high still save variable。

   超灵便船领跌国际干散货运价再降一成 Super-flex ship brought down the international dry bulk freight rate to drop ten percent

　　7月份，国际干散货综合运价指数先扬后抑，月初在超灵便型船持续领涨下，7月9日BDI曾达到1162点，为今年5月初以来的高点，但随之一路下滑，至7月底已跌破900点，跌幅为10.6%，为近一个半月来最低水平，再度陷入衰退之中。

In July，International dry bulk comprehensive freight index after first Yang suppression，Month in super handy-size ships under continuous brought up，July 9 BDI ever reached 1162 points，5 for this year since the beginning of high，But then all the way down，To the end of July already below 900 points，Down 10.6%，For nearly one and a half months to the lowest level，Again in a recession。

　　三大主流船型运价“一平二降”，尤其是前期恢复较快的超灵便型运价指数，上旬还成功站上1300点，随后又一路下跌，跌幅扩大，成了本月最大利空者，其4条航线的平均日租金月底几乎触及1000美元，跌幅接近二成，为6月中旬以来最低水平。巴拿马型船运价低位振荡，上半月走势还相对稳定，但受大环境影响，下旬运价也开始掉头向下，最终重新回到一个月前的水平，其平均日租金为7837美元，表现依旧疲软。而海岬型船市场继续低位振荡，该指数自今年4月底达到1738点的年度峰值后，一路下滑，再也没有出现像样的反弹，其4条航线的月底日租金为4550美元，继续与其他两大船型租金严重倒挂，表现极度低迷。

Three mainstream form rate“A flat 2 drop”，Especially early recovery faster super handy-size freight index，A successful website is 1300 points，Then all the way down，Fall to expand，Became the largest bad person this month，The four routes, at the end of the average rent almost touch us $1000，Fallen nearly twenty percent，For the lowest level since the middle of June。Panama ship rate low oscillation，First half trend is relatively stable，But the influence by the environment，B rate began to turn down，Finally returned to the level of a month ago，The average daily rent for 7837 dollars，Performance is still weak。And capesize ship markets continue to low oscillation，The index since the end of April this year to 1738 points after the annual peak，Went way down，Never appear a decent rebound，The four routes at the end of the day rent for 4550 dollars，Continue with the other two big form rent serious fuchsia，Performance extreme downturn。

　　7月上旬以来，国际干散货运价指数单边下滑，矿石、煤炭、粮食等大宗货物的需求下降是主要原因，特别是全球最大的铁矿石、煤炭和粮食进口国——中国需求增长速度明显放缓，再加上受干旱所引发的减产影响，美湾地区的货盘平淡，而南美东岸海岸谷物货运减少，全球干散货海上贸易量下滑。

Since early July，International dry bulk freight index unilateral decline，ore、coal、Grain and other large sums of cargo demand decline is the main reason，Especially the world's largest iron ore、Coal and food importing countries -- China's demand slowed considerably，Plus caused by drought the reduction of influence，Beautiful bay area pallet insipid，And on the east side of the South American coast grain freight reduce，Global dry bulk maritime trade down。

　　由于全球经济放缓，特别是中国对大宗货物需求减少，直接影响到国际干散货运输市场。而7月份的经济数据表明，我国经济依然处于下滑通道，短期内对大宗货物的需求不太可能出现逆转，再加上新增运力仍在不断涌出，国际干散货运输将继续低迷。

Because of the global economic slowdown，Especially in China for bulk cargo demand decreases，Directly affect the international dry bulk shipping market。In July and the economic data shows，China's economy still in decline channel，In the short term to bulk cargo demand is unlikely to be reversed，Combined with new capacity is still in increasing Numbers，International dry bulk transport will continue to slump。

　　7月31日，与中国相关航线的运价继续低位运行。其中，巴西、澳大利亚至中国的铁矿石运价分别为17.9美元/吨，6.4美元/吨，分别较上月下降增加了1.8%和下降了4.6%；与中国煤炭相关度最大的印尼到中国航线日租金仅5125美元，下降了15%。

On July 31,，And China related course of freight rates continue to run low。the，Brazil、Australia to China's iron ore freight rates were 17.9 dollars/tons，Us $6.4 / ton，A month earlier respectively increased by 1.8% and falling down 4.6%；And the China coal related degree of Indonesia to China Daily rent route is only 5125 dollars，Dropped 15%。

   旺季需求回升沿海运价超跌反弹 Peak season demand picks up coastal freight ultra fall rebound

　　8月3日，上交所发布的沿海（散货）运价指数报收1072点，较上月上涨3.9%，同比下降19%。

On August 3,，ShangJiaoSuo release coastal（bulk）Freight index at 1072 points，A rose 3.9% last month，19% year-on-year drop。

　　尽管7月份国内经济数据低于预期，但由于南方天气进入盛夏，居民用电量快速上升，带动火力发电量有所回暖，数据显示，截至7月20日，全国重点电厂煤耗量日均为357万吨，较上月的332万吨，上升7.5%。同时，严重影响内贸市场的进口煤开始降温，6月份环比下降了15%。需求缓慢上升和进口煤有所放缓，让一度大幅萎缩的沿海煤炭市场缓了一口气。我国最大的煤炭中转港——秦皇岛港，7月份内贸煤炭发运量较上个月增加了62万吨。

Although domestic economic data in July below expectations，But because the south into the summer weather，The rapid increase of resident power consumption，Drive power generating capacity have milder，Data display，By July 20,，National key power plant coal consumption quantity daily for 3.57 million tons，A last month of 3.32 million tons，Rose by 7.5%。At the same time，The serious influence domestic trade market import coal to be cooling，June chain fell 15%。Demand slow increase and import coal eased，Let once greatly atrophy coastal coal market slow breath a sigh of relief。China's largest coal transshipment port - qinhuangdao port，July domestic trade coal shipment is increased by 620000 tons last month。

　　沿海运价结束了长达三个多月的持续下滑，开始触底回稳，7月底，上海运价公司航运金融衍生品标的的两条主流航线——秦皇岛到上海、秦皇岛到广州煤炭运价分别为29吨/元、37吨/元。尽管运价恢复性上升、燃油价格也处于相对低位，但由于需求增长依旧乏力，再加上新增运力仍在扩大，运价回升速度比较缓慢，运价尚未回到成本线之上，船公司依旧处于亏损之中。

Coastal freight over for more than three months continue to decline，Began to sole recovered，The end of July，Shanghai freight company shipping financial derivatives mark two mainstream route - qinhuangdao to Shanghai、Qinhuangdao to guangzhou coal rate are 29 tonnes/yuan、37 tons/yuan。Although freight restorative rise、Fuel price also is relatively low，But as a result of demand growth is still lack of power，Combined with new capacity is still in the expanding，Freight picks up speed slow，Freight rates has not yet returned to cost on line，Ship company is still losing money in。