HTSC released research reports stating that in May, the year-on-year growth rate of e-commerce GMV increased due to the early promotion of the 618 event, driving an acceleration in the year-on-year parcel volume growth rate. However, price competition in the express delivery industry still exists, and the year-on-year price decline has widened. Looking forward to June, because the volume of orders in 2023 is concentrated in June, while the 2024 promotion is advanced, the year-on-year growth rate of orders may slow down. The price competition may continue the trend of May, transitioning from slowdown to fluctuation.
华泰证券：快递5月件量大增，价格下降或延续
htsc: In May, the express delivery volume increased significantly, and prices may continue to decline.
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