Container prices in Asia take a hit in March 2023 on low demand, higher inventory – report

Container prices fell in March 2023 due to sluggish consumer demand and excess inventory in Asia, online container logistics company Container xChange said in a market forecaster report. Singapore and China saw container prices plunge by 55 percent and 47 percent year-on-year (YoY) to $1,951 and $2,284, respectively, in March 2023. Ports in Vietnam, India, …

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