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EP 480 | AIRED 03/23/2020
March 23rd, 2020 --- In this week's episode we give you a quick update on the current situation in China, and a look at prices amidst the Covid-19 situation.
---- Here is the update this week.
There are less Russian boats coming to China, due to the boats needing to be disinfected and isolated for 14 days before they dock and offload. Because of this, Russian raw material might go up later.
Due to lots of containers being stuck in China, suppliers in the EU and North America are having problems finding containers to load products.
Therefore freight to China has increased dramatically, from $2000 to $8000 per container from EU to China. We might see raw material prices increase as well from EU and North America.
--- Besides these increases, most raw materials prices have remained steady since last week.
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