Avg price of 40-ft high cube Chennai container drops 5%: Container xChange

Price on October 25 was $5,400, compared with $5,700 in September, despite Covid-driven container shortage across the globe

Despite the ongoing pandemic, which has led to container shortage across the globe due to restrictions, the average price of a 40-ft high cube container at Chennai has dropped to $5,400 on October 25, from $5,700 in September.

“Though there is a drop on a month-on-month basis, the general trend observed from the beginning of the year till date in the ports of Chennai and Nhava Sheva is a gradual increase in the overall trading prices of containers in India,” Container xChange report said today.

Alongside, at Nhava Sheva prices of a 40-ft high cube container averaged at $4,880 and