6th Aug
|
Change
|
MTD
| |
China - EU (USD/KG)
|
2.78
|
-0.06
|
2.83
|
| Forward Curve - indicative update | ||||
| CHINA - EUROPE ROUTE BASKET - USD/KG | ||||
BID
|
ASK
|
VALUE
|
CHANGE
| |
Aug
|
2.90
|
3.10
|
3.00
|
0.05
|
Sep
|
3.15
|
3.25
|
3.20
|
0.00
|
Oct
|
3.50
|
3.70
|
3.60
|
0.00
|
Q4 18
|
3.60
|
3.80
|
3.70
|
0.00
|
Q1 19
|
3.20
|
3.40
|
3.30
|
0.00
|
Cal - 19
|
3.40
|
3.60
|
3.50
|
0.00
|
Cal - 20
|
3.85
|
4.05
|
3.95
|
0.00
|
For the first time in four weeks Air Cargo rates have begun to slow up. This is as expected due to the lull that we usually see over the summer months. The current spot rate has pushed the front end of the forward curve down slightly but the latter end remains unmoved as we still expect rates to rise to the end of the year.
Airlines are confident that they will see similar growth to last year, with Atlas Air increasing its full-year forecasts and IAG Cargo has reported strong Q2 revenue growth despite a decline in traffic. This is likely due to strong performance in lanes from Asia Pacific – EU and these lanes are likely to grow in demand in the run up to Christmas. Through Index Linked Agreements and Airfreight FFAs FIS is able to help airlines, forwarders and shippers to agree prices in the future market, especially during the busy Q4 period
