For nearly a month, the Chines steel market has suffered "a cliff-like drop", There are some main influencing factors, the first one is social stock staying at a high price, the second one is weak market demand, and the last one is the impact of a capital market slump, Chinese steel price accumulative fell to 1300RMB/Ton. Due to large losses in steel mills at present, leading enterprises take the lead in equipment maintenance for 20-30 days, decrease the steel production in order to reduce the loss, and support the price of steel, this week, the price stopped falling and rose again, with small amplitude fluctuation.

It should be noted that some steel mills face the risks such as resale and stock right transfer, Remind customers to pay attention to suppliers' overall operation and capital situation when ordering goods.

The "difficult booking" situation is no more, Container shipping prices have fallen.

Demand reduces, freight rates continue to drop. The shipping company adopts a suspension strategy. The three major alliances cancel 61 voyages. More and more shipping companies are shifting ships to "more lucrative" routes, making some line deals a "ghost" service without a designated vessel.

The global economic recession is expected to strengthen, and the demand for imported goods in Europe and the United States has declined. In the medium and long term, the container shipping industry is gradually changing from a shortage of supply to a surplus of supply.