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Transpacific spot rates plateau as China's Golden Week gets under way
The start of China's Golden Week holiday coincided with a plateau in the strong pricing peak that had held on transpacific trades through September, with Xeneta's Peter Sand saying the market has reached its post-Hormuz crisis peak for 2026.
The beginning of China's Golden Week national holiday coincided with a levelling off of the strong pricing peak that had persisted on the transpacific trades throughout September.
Xeneta chief analyst Peter Sand said spot rates from the Far East to the US ticked up again on 1 October, but added that it can be said with a level of confidence that the market has reached its post-Hormuz crisis peak in 2026.
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