Rates Collapse

We are closing the summer quickly, and the global supply chain cost structure is crashing! Great news, the news everyone has been eagerly awaiting for nearly two years!

Overall we are seeing a massive reduction in pricing on TP Trade to USWC. Costs have dropped well below $5,000/FEU. For USEC we are seeing very intentional reductions from the lines to sustain support. We anticipate rates per FEU to drop below $9,000 by September 1. East coast pricing is not moving as quickly as west, but moving aggressive nonetheless.

With a high probability of upwards of $4,000 reductions possible by December 15th, we just want to celebrate the prediction that rates would return within historic parameters by the year’s end!