Not Contained

China continues to show large rises in exports - up 19% in October. India showed a 15% drop.

Container rates from China, which used to be USD 2,000 have fallen to between 200 and 400. Rates from India, also 2,000 some months ago, have fallen to 1,000. Container repositioning driven or not the lower rate from China suggests a severe fall in exports is on its way.

My own company's anecdotal evidence is: more Europeans who used to buy in China are looking at India for supply. Why? No one will say.