Covid lockdowns in China will continue indefinitely, but even when they end we will see the same port backlogs as we did last year. This will keep upward pressure on import prices and PPI.

​

[ https://www.freightwaves.com/false-hope-for-shanghais-reopening-after-covid-lockdown](https://www.freightwaves.com/false-hope-for-shanghais-reopening-after-covid-lockdown)