The Zhitong Finance App learned that container manufacturers broke out in early trading. As of press release, CIMC Group (02039) rose 9.74% to HK$7.55; Shengshi Container (00716) rose 8.22% to HK$0.79.

According to the news, on May 7 and May 14, Evergreen Shipping Company successively purchased 10,000 containers and 17,500 containers for a total amount of nearly 100 million US dollars. According to data from shipping consulting firm Linerlytica, by the end of July this year, all major container manufacturers had fully booked their boxes. The management of Oriental Containers, the world's second-largest container manufacturer, said that orders for its factory were scheduled for August.

Dongwu Securities pointed out that the risk of uncertainty in global container transportation has increased due to the prolonged Red Sea crisis, etc., and the willingness of customers to stock up containers has increased markedly. Currently, container production and average export prices have rebounded month-on-month. On the supply side, steel prices remain low, and the profit side of manufacturers is expected to recover due to scale effects. The gross margin of container manufacturing is greatly affected by scale effects and raw material prices. Among them, steel accounts for about 50% of container manufacturing costs. Currently, steel prices are fluctuating at a low level, while container prices are rising month-on-month, and the profit side of container manufacturers is expected to recover.