Oil tanker 1.4$million a day.Battery price will go up?

8:20 am

I just saw some big news. Supertankers sailing from the Persian Gulf to China now cost $1.4 million a day in freight. That’s more than 5 times higher!What does that mean? One single ship burns through over 10 million RMB every single day.Who pays for this? Ultimately, the buyers do.Higher shipping rates mean more expensive oil. And that will push up prices for all the raw materials and goods we use for batteries.So will our energy storage batteries for export get more expensive? Most likely yes.

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