The Container Container Blog is all about Shipping Containers, their uses and container sales in the UK.
Our Blog is written from the perspective of a 'Professional Shipping Container Sales' company owner.
Shipping containers have been slowly increasing in price over the last few months, thanks to a number of factors resulting in this increase. We have seen the box price of a shipping container increase by 25% since this time last year (2016).
For all container traders, we are all in the same boat, we are all experiencing the same at this time. However, we will always try and stay competitive in the market and give a competitive price to customers.
One reason for the price increase in the UK is down to a drop in the (GBP-USD) exchange rate, resulting in a higher purchasing price for UK based suppliers purchasing in dollars.
We all know how the recent events saw the exchange rate drop and this has a direct result in not getting fewer dollars for every pound you exchange. With China working in dollars when we bulk purchase containers even a small change in the exchange rate can have a noticeable impact on the prices we can achieve.
Another factor is the new paint spec that came into effect on the 1st April 2017, the change from solvent-based to water bourne paint throughout China aiming to reduce VOC emissions across the country.
With China producing 95% of the world's shipping containers, this change will impact container traders everywhere.
In the long term prices will stabilise, but in the short term, there has been a noticeable price increase whilst producers adapt to the new requirement and re-tool. The new waterborne coatings have been extensively tested to ensure that they deliver the same levels of durability as the solvent-based paints so quality levels should remain consistent.
There is also a noticeable supply shortage from factories in China. Many factories have a black-log of orders which is leading to later than expected arrivals reaching the UK market.
As always we will continue to monitor developments and work to minimise any potential impact on supply or price.
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