Intra-Asia airfreight rate data could indicate a surge in cargo from China over the coming weeks.
Airfreight rates on services between China and Singapore, and from China to Korea have dramatically spiked over the last few weeks.
Prices on these routes began to take off in week six and week seven of the year.
Meanwhile, prices from China to Europe and China to the US have only recently started to show signs of improvement.
This has led to speculation that the intro-Asian spike in prices was down to semi-conductor companies ramping up production ahead of the re-opening of factories in China following the extended New Year holiday break due to the Coronavirus.
The prices on services from China to Europe and the US are beginning to increase as per expectations, as per a report.
Source : Various Agencies