Ningbo Port is fully unblocked, can the polypropylene export getting better?
Public health emergencies, Ningbo Port announced in the early morning of August 11 that due to system failure, it has decided to suspend all inbound and suitcase services from 3:30 a.m. on the 11th. Ship operations, other port areas are normal and orderly production.
Ningbo Zhoushan Port ranks first in the world in terms of cargo throughput and third in container throughput, and Meishan Port is one of its six container ports. The suspension of operations at Meishan Port has caused many foreign trade operators to worry about the global supply chain. On the morning of August 25, the closure and control of Ningbo Meishan Comprehensive Bonded Zone was lifted. The comprehensive unblocking of Meishan Port may alleviate port congestion to a certain extent, but the Maritime Safety Administration of the People's Republic of China has notified that before the end of August, the Bohai Strait, northern Yellow Sea, South China Sea, Beibu Gulf and other waters will be banned due to military exercises and live ammunition. It may have a certain impact on some ports, such as late opening and late arrival of ships, delays in shipping schedules, etc.
At present, port congestion is a global problem. Global shipping is facing the biggest crisis in 65 years. The peak season surcharges and destination port congestion charges announced by major shipping companies have further contributed to the rising shipping costs. In addition, the shortage of containers has also caused problems. It is quite prominent, and the global supply chain has been seriously affected. Therefore, although the comprehensive unblocking of Ningbo Port may alleviate the current port congestion to a certain extent, it will have little impact on the global supply chain congestion, and the congestion will continue and will not be available in the short term. Significant improvement. For polypropylene, although the domestic market price is at a low level, problems such as port congestion and rising sea freight rates have seriously hindered the export pace of domestic traders, and the road of polypropylene export arbitrage is still difficult.