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港股異動 | 航運股集體下跌 高運價影響出口貨物結構 歐美消費者信心下降
格隆匯10月4日丨航運及港口今早集體大跌,東方海外國際及中遠海控跌8%,太平洋航運跌6%,中遠海發跌5%,海豐國際和招商局港口跌2%。國泰君安交運團隊分析師嶽鑫認為需警惕歐美需求拐點風險的到來,考慮市場預期與風險收益比,繼續維持集運行業“中性”評級。國君交運團隊預計2021年9月,上海分別到歐、美航線運價均值同比分別上漲3.8倍和1.2倍。然而此次創歷史記錄的高運價已影響到了出口貨物結構。此外,旺季歐美航線集運貨量增速明顯回落,市場預期7-8月傳統旺季貨量將繼續保持高增速,然而7月表現低於市場預期。中信建投觀點認為,由於疫情影響疊加世界各地一系列運營方面的事件所致,出現了港口擁堵、惡劣天氣導致的船期延誤、勞資糾紛、卡車運力短缺、蘇伊士運河事件、鐵路運力不足、關鍵地點空箱短缺、碼頭、倉庫、堆場和船員的隔離以及保持社交距離等防疫要求等等一系列困難,供需失衡一直在加劇,或將持續至2022年,中期運力增長有限。

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