September 11, 2023
3 min

Container Market Sentiment Signals Rebound: A 'Shipper's Market ... - Global Trade Magazine

Container xChange's August Container Market Forecaster shows that the Container Price Sentiment Index (xCPSI) grew in July compared to June, indicating potential market improvement. Around 42% of surveyed supply chain professionals expect an increase in container prices, while 28% predict further declines. Despite price fluctuations, the sentiment index remains strong, pointing towards a turning point in the industry. Intra-Asia trade has surged, with China experiencing a 6% increase in container throughput, driven by the Regional Comprehensive Economic Partnership (RCEP) and the Belt and Road Initiative.

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Adhikansh Gupta
Content Manager

Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry