[{"data":1,"prerenderedAt":14},["ShallowReactive",2],{"news-57":3},{"createBy":4,"createTime":5,"updateBy":4,"updateTime":6,"remark":4,"id":7,"newsTitle":8,"newsType":9,"coverImage":10,"newsContent":11,"sortNo":12,"keywords":4,"description":4,"domain":13},null,"2025-05-14 09:06:12","2025-05-14 11:25:36",57,"中美关税下调刺激集运市场，航运板块迎抢运潮，航空货运同步受益","公司资讯","https:\u002F\u002Fhuotong.cn\u002Ffile\u002F2025\u002F05\u002F14\u002F4301be851e034989b0cd7b3b44d224bf.png","\u003Cp class=\"MsoNormal\">\u003Cstrong>\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Cspan style=\"font-family:宋体\">中美关税下调刺激集运市场\u003C\u002Fspan> \u003Cspan style=\"font-family:宋体\">航运板块迎抢运潮\u003C\u002Fspan> \u003Cspan style=\"font-family:宋体\">航空货运同步受益\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Co:p>\u003C\u002Fo:p>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp class=\"MsoNormal\">\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Cspan style=\"font-family:宋体\">  财联社\u003C\u002Fspan> 5 \u003Cspan style=\"font-family:宋体\">月 \u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">13 \u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">日讯（记者 胡皓琼）近期，中美关税大幅下调引发跨境物流市场连锁反应。集运市场方面，美线舱位紧张、运价上涨，带动 \u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">A \u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">股航运板块集体大涨；航空货运领域也因小额包裹关税调整迎来转机。业内人士分析称，当前市场表现受前期运力缩减与货量滞后性影响，未来随着旺季需求释放及运力重新调配，海运、空运市场或迎来阶段性增长。\u003C\u002Fspan>\u003C\u002Fspan>\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Co:p>\u003C\u002Fo:p>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp class=\"MsoNormal\">\u003Cstrong>\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Cspan style=\"font-family:宋体\">集运市场\u003C\u002Fspan> “爆舱” 背后：运力缩减与货量滞后\u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Co:p>\u003C\u002Fo:p>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp class=\"MsoNormal\">\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">  5 \u003Cspan style=\"font-family:宋体\">月 \u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">13 \u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">日，\u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">A \u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">股航运板块表现强势。国航远洋（\u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">833171.BJ\u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">）股价涨 \u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">23.54%\u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">，华光源海（\u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">872351.BJ\u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">）涨 \u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">17.74%\u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">，宁波海运（\u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">600798.SH\u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">）、宁波远洋（\u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">601022.SH\u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">）等多家企业涨停。集运欧线期货 \u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">EC2508 \u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">涨幅达 \u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">12.38%\u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">。市场普遍认为，这与中美关税政策调整及传统集运旺季叠加有关。\u003C\u002Fspan>\u003C\u002Fspan>\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Co:p>\u003C\u002Fo:p>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp class=\"MsoNormal\">\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Cspan style=\"font-family:宋体\">  然而，货代公司反馈显示，当前美线\u003C\u002Fspan> “爆舱” 现象更多源于班轮公司前期运力缩减。一家货代公司美线业务负责人表示：“除非货主有库存，否则货物需经历生产周期，航运市场的货量变化通常滞后一周左右。” 此外，班轮公司此前削减美线运力，导致舱位持续紧张，未来货量能否进一步增长，还需观察班轮公司运力调配情况。\u003C\u002Fspan>\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Co:p>\u003C\u002Fo:p>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp class=\"MsoNormal\">\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Cspan style=\"font-family:宋体\">  运价数据印证了市场热度。上海至洛杉矶航线，马士基\u003C\u002Fspan> 5 \u003Cspan style=\"font-family:宋体\">月 \u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">20 \u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">日、\u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">26 \u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">日开航航次报价分别为 \u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">2070 \u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">美元 \u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">\u002F FEU\u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">、\u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">2020 \u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">美元 \u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">\u002F FEU\u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">，较上周五上涨 \u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">6%-8%\u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">。欧线运价也同步回升，上海至鹿特丹航线 \u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">5 \u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">月 \u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">22 \u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">日开航航次报价从 \u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">1490 \u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">美元 \u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">\u002F FEU \u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">升至 \u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">1536 \u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">美元 \u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">\u002F FEU\u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">。\u003C\u002Fspan>\u003C\u002Fspan>\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Co:p>\u003C\u002Fo:p>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp class=\"MsoNormal\">\u003Cstrong>\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Cspan style=\"font-family:宋体\">运价走势：短期补库驱动\u003C\u002Fspan> \u003Cspan style=\"font-family:宋体\">长期关注实际需求\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Co:p>\u003C\u002Fo:p>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp class=\"MsoNormal\">\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Cspan style=\"font-family:宋体\">  对于未来走势，机构观点存在分化。中信期货研究所工业与周期组负责人武嘉璐指出，短期美线市场将围绕\u003C\u002Fspan> “补库效应” 交易，抢出口需求可能推高运价。但也有分析认为，尽管关税下调利好出口，但 \u003Cspan style=\"font-family:Calibri\">30% \u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">的基准税率仍对部分企业利润形成压制，实际抢运规模需谨慎评估。\u003C\u002Fspan>\u003C\u002Fspan>\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Co:p>\u003C\u002Fo:p>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp class=\"MsoNormal\">\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">  欧线方面，此前因美线货量萎缩，班轮公司将运力转投欧线，导致欧线供过于求、运价承压。随着美线需求回升，运力回调或缓解欧线压力，形成价格支撑。\u003C\u002Fspan>\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Co:p>\u003C\u002Fo:p>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp class=\"MsoNormal\">\u003Cstrong>\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">航空货运同步受益：关税调整激活电商货流\u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Co:p>\u003C\u002Fo:p>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp class=\"MsoNormal\">\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Cspan style=\"font-family:宋体\">  除海运外，航空货运市场也迎来政策利好。\u003C\u002Fspan>5 \u003Cspan style=\"font-family:宋体\">月 \u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">12 \u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">日，美国白宫宣布将价值低于 \u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">800 \u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">美元的小额包裹从价关税税率从 \u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">120% \u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">下调至 \u003C\u002Fspan>\u003Cspan style=\"font-family:Calibri\">54%\u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">。此举直接刺激跨境电商物流需求。\u003C\u002Fspan>\u003C\u002Fspan>\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Co:p>\u003C\u002Fo:p>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp class=\"MsoNormal\">\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Cspan style=\"font-family:宋体\">  一家空运货代公司负责人透露，当前不少电商客户急于出货，担心运价上涨，而国内航司已开始上调美线航班运价，并计划恢复部分航线。\u003C\u002Fspan>“但航班恢复和大贸订单落地仍需时间，短期内运价可能上行，但跨境电商物流仍面临 \u003Cspan style=\"font-family:Calibri\">T86 \u003C\u002Fspan>\u003Cspan style=\"font-family:宋体\">政策（美国海关对小额包裹的免税政策）取消的挑战。”\u003C\u002Fspan>\u003C\u002Fspan>\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Co:p>\u003C\u002Fo:p>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp class=\"MsoNormal\">\u003Cstrong>\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">行业展望：旺季需求与运力博弈\u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Co:p>\u003C\u002Fo:p>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp class=\"MsoNormal\">\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">  综合来看，海运与空运市场均处于政策与季节性因素驱动的关键节点：\u003C\u002Fspan>\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Co:p>\u003C\u002Fo:p>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp class=\"MsoNormal\">\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Cspan style=\"font-family:宋体\">  集运市场：\u003C\u002Fspan>6-8 \u003Cspan style=\"font-family:宋体\">月为传统旺季，叠加关税豁免窗口，美线货量有望回升，但需关注班轮公司运力投放节奏。\u003C\u002Fspan>\u003C\u002Fspan>\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Co:p>\u003C\u002Fo:p>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp class=\"MsoNormal\">\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">  航空货运：小额包裹关税下调利好跨境电商，但运力恢复速度与政策细节将决定市场反弹高度。\u003C\u002Fspan>\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">\u003Co:p>\u003C\u002Fo:p>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp class=\"MsoNormal\">\u003Cspan style=\"mso-spacerun:'yes';font-family:宋体;mso-ascii-font-family:Calibri;\nmso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;\nmso-font-kerning:1.0000pt;\">业内人士强调，当前物流市场的波动是短期供需错配的结果，长期趋势仍需观察全球贸易需求及运营商战略调整。对于货主而言，提前规划物流方案、锁定舱位或成为应对运价波动的有效策略。\u003C\u002Fspan>\u003Cspan style=\"mso-spacerun:'yes';font-family:Calibri;mso-fareast-font-family:宋体;\nmso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;\">\u003Co:p>\u003C\u002Fo:p>\u003C\u002Fspan>\u003C\u002Fp>","1","all",1787815868941]