The global market on the plane is fixed despite a slight decrease in weekly prices
Global air rates decreased last week slightly, as they continued in the direction of relative stability in the sector, amid geopolitical and economic uncertainty. According to the latest data from the TAC, the Baltic Air (Bai00) has decreased by 0.6 percent a week until June 9, leaving it by 4.8 percent on an annual basis.
Despite this marginal weekly decline, the total market remains relatively firm when setting the numbers last year, which was amplified by increasing the demand for e -commerce and contradicted the decrease in jet fuel prices significantly.
The most crowded ways of China were slightly reduced a week for Europe and the United States. The immediate rates of Hong Kong, followed by the new Bai indicators that are now approaching the public trial, were also heading. However, the broader Bai30 index, which includes Hong Kong Shipping and Shipping Shipping, increased by 0.8 percent a week, although it is still 7.6 percent less than last year.
In Shanghai, the Bai80 index fell marginally by 0.9 percent a week, which led to a 5.0 percent decrease on an annual basis.
Elsewhere in Asia, air rates from Vietnam to Europe increased slightly, but it continued to fall on the roads to the United States, and it is now much lower than the same period last year. Indian exports witnessed a decrease in rates in both directions, which represents a decrease in another week on an annual basis. Bangkok and torrential rates also declined in the corridors associated with Europe, although they are still much higher than last year’s levels amid reports on strong demand and increased volumes.
In Europe, the image was mixed. Road prices rose to Japan and generally rose to the United States-which indicates strong gains on an annual basis-but it decreased again in the corridors to China. Abroad by Frankfurt (Bai20), rates decreased by 1.7 percent a week, but are still 0.7 percent higher than last year, supported by strong high -end road performance. London Heathrow (Bai40) has followed a similar pattern, dipping 0.7 percent, but it remained by 3.6 percent year on year, with a particularly strong demand for the Middle East.
From North America, air rates rose for a week to Europe and South America, driven by an additional increase on the roads from Miami. However, China prices decreased. The Chicago External Index (Bai50) decreased by 5.1 percent per week due to the most softening prices on Southeast Asia roads, although it still runs a simple profit on an annual basis of 0.2 percent.
The TAC index continues to expand its data coverage, with the addition of new corridors last week. These include Europe to India, the United Arab Emirates, Mexico, Brazil, Australia and South Africa; From Mexico to Europe; From China to India, Spain and Australia.
