Dear Valued Customer
Good day.
Share some news with you.
A: Oxford Economics estimates the global construction market was valued at US$10.7 trillion in 2020; US$5.7 trillion of this output was in emerging markets.
The global construction market is expected to grow by US$4.5 trillion between 2020 and 2030 to reach US$15.2 trillion with US$8.9 trillion in emerging markets in 2030.
B: 2021 is coming to an end. The Chinese New Year holiday will begin in late January 2022. The factory will close ahead of schedule and will have a one-month holiday almost before mid-January.
The Spring Festival is the peak period of population movement. In order to avoid the spread of the COVID-2019, there will be early holidays.
In order to achieve carbon neutrality for environmental protection, some casting factories will also be closed early.
C: Share news about shipping rates. The United Nations Conference on Trade and Development (UNCTAD) stated in its 2021 shipping review that if the current surge in container freight continues, it may increase the global import price level by 11%, and the consumer price level by 1.5% and 2023.
The world’s major ports have experienced varying degrees of congestion. The original schedule was disrupted, coupled with the suspension of sailing and port hopping, and severe cuts in capacity.
Some freight forwarders say: The highest price this week is the lowest price next week!
We can’t say that the freight rate will continue to rise, but it will maintain the high rate.
If you want to get more news about the Chinese market or the world situation, please be sure to contact us and share with us.
If you have a purchasing plan, it is recommended to arrange it early. Otherwise, the holiday will seriously affect the production plan and delivery.