China-US rates:China-US West Coast prices (FBX01 Daily) fell 5% to $4,292/FEU . China-US East Coast prices (FBX03 Daily) increased 6% to $5,716/FEU, and are 125% higher than rates for this week last year. Some of this easing may be due to importers shifting orders from LA/LB to other ports, just as carriers are adding new Asia-US East Coast services too. Asia-US West Coast prices have now fallen 13% from their February high, and are just 11% higher than their May-December plateau rate. Meanwhile, Asia-US East Coast rates increased this week.

Source: The North Africa Journal March 17, 2021 14:26 UTC