The new round of increase in ocean freight rates has brought about changes in the entire shipping pattern

Global trade is highly variable. 

Exports in the first quarter were generally good and grew steadily. Our company mostly exports Gi wire, black twist wire Also welded wire mesh .

These metal products are widely demand by different countries customers.Global inflation is still severe .

• Inflation has moderated in many countries but remains above central bank targets (e.g., 2% for the U.S. Federal Reserve), prompting prolonged high interest rates.

• Energy and food prices remain volatile due to geopolitical tensions (e.g., Russia-Ukraine war, Middle East conflicts).Our company always would like to provide Products of good quality and low price . So our company Constantly improve the production environment and purchase advanced production equipment improve efficiency.

• With further negotiations between China and the United States, the tariffs of both sides have returned to the previous level. Now the exporting to America recover to previous level. Different shipping companies return back to ship to America. So Other routes are all raising prices due to factors such as the reduction of ships, and it is expected that the increase will be significant in June.
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• Unemployment rates are historically low in advanced economies (e.g., U.S. at ~3.9%), but wage growth struggles to outpace inflation.

• Many governments face rising debt levels, while households and businesses grapple with higher borrowing costs.

• However, whether for national construction or household needs, wire mesh nails are still in great demand. Our company have started cross-border e-commerce and have also begun to produce and transport small-batch orders.