| 8月18日 | 8月15日 | | --- | --- | | 上海出口集装箱结算运价指数SCFIS（欧洲航线）2180.17点，较上期下跌2.5% | 宁波出口集装箱运价指数NCFI（综合指数）1052.5点，较上期下跌0.1% | | 上海出口集装箱结算运价指数SCFIS（美西航线）1106.29点，较上期上涨2.2% | 宁波出口集装箱运价指数NCFI（欧洲航线）1188.7点，较上期下跌5.5% | | 8月15日 | 宁波出口集装箱运价指数NCFI（美西航线）1042.91点，较上期下跌5.9% | | 上海出口集装箱运价指数SCFI公布价格1460.19 点，较上期下跌29.49点 | 8月15日 | | 上海出口集装箱运价指数SCFI欧线价格1820USD/TEU, 较上期下跌7.2% | 中国出口集装箱运价指数CCFI（综合指数）1193.34点，较上期下跌0.6% | | 上海出口集装箱运价指数SCFI美西航线1759USD/FEU，较上期下跌3.5% | 中国出口集装箱运价指数CCFI（欧洲航线）1790.47点，较上期下跌0.5% | | | 中国出口集装箱运价指数CCFI（美西航线 ...

2025年8月21日 集运日报 (航运研究小组) 以方不回应停火，现货运价维持下行趋势，盘面偏弱震荡，近期波动较大，不建议继续加仓，设置好止损。 SCFIS、NCFI运价指数 | 8月18日 | 8月15日 | | --- | --- | | 上海出口集装箱结算运价指数SCFIS（欧洲航线）2180.17点，较上期下跌2.5% | 宁波出口集装箱运价指数NCFI（综合指数）1052.5点，较上期下跌0.1% | | 上海出口集装箱结算运价指数SCFIS（美西航线）1106.29点，较上期上涨2.2% | 宁波出口集装箱运价指数NCFI（欧洲航线）1188.7点，较上期下跌5.5% | | 8月15日 | 宁波出口集装箱运价指数NCFI（美西航线）1042.91点，较上期下跌5.9% | | 上海出口集装箱运价指数SCFI公布价格1460.19 点，较上期下跌29.49点 | 8月15日 | | 上海出口集装箱运价指数SCFI欧线价格1820USD/TEU, 较上期下跌7.2% | 中国出口集装箱运价指数CCFI（综合指数）1193.34点，较上期下跌0.6% | | 上海出口集装箱运价指数SCFI美西航线17 ...

1 交易提示 交易咨询：0571-85165192，85058093 2025 年 8 月 21 日星期四 16519 新世纪期货交易提示（2025-8-21） | | | | 铁矿：短期制造业复苏被打断，ZZJ 会议不及预期，国内供给政策预期被 | | --- | --- | --- | --- | | | | | 阶段性证伪，资金层面博弈加剧，预期偏差带来行情修复。产业层面，铁 | | | | | 矿全球发运环比大幅回升，港口库存小幅回升，但目前在高疏港的情况下 | | | 铁矿石 | 震荡偏弱 | 亦无明显累库压力。终端需求偏弱，高炉铁水小幅攀升，钢厂盈利比例处 | | | | | 于高位，现阶段钢厂主动减产动力不足。8 月下旬北方地区也有减产预期， | | | | | 但限产力度不及预期，短期铁矿石基本面矛盾有限，预计震荡偏弱运行。 | | | | | 煤焦：大商所调整焦煤期货主力合约交易限额，房地产和基建需求弱，焦 | | | | | 煤高位调整。产地煤矿整体恢复依然缓慢，上周煤矿精煤库存创 2024 年 | | | | | 3 月以来最低。与此同时，下游焦钢企业开工维持高位，线下部分煤矿受 | | ...

停火消息对盘面影响有限，近期波动较大，不建议继续加仓，设置好止损。 2025年8月20日 (航运研究小组) | 8月18日 | 8月15日 | | --- | --- | | 上海出口集装箱结算运价指数SCFIS（欧洲航线）2180.17点，较上期下跌2.5% | 宁波出口集装箱运价指数NCFI（综合指数）1052.5点，较上期下跌0.1% | | 上海出口集装箱结算运价指数SCFIS（美西航线）1106.29点，较上期上涨2.2% | 宁波出口集装箱运价指数NCFI（欧洲航线）1188.7点，较上期下跌5.5% | | 8月15日 | 宁波出口集装箱运价指数NCFI（美西航线）1042.91点，较上期下跌5.9% | | 上海出口集装箱运价指数SCFI公布价格1460.19 点，较上期下跌29.49点 | 8月15日 | | 上海出口集装箱运价指数SCFI欧线价格1820USD/TEU, 较上期下跌7.2% | 中国出口集装箱运价指数CCFI（综合指数）1193.34点，较上期下跌0.6% | | 上海出口集装箱运价指数SCFI美西航线1759USD/FEU，较上期下跌3.5% | 中国出口集装箱运价指数C ...

2025年8月20日 (航运研究小组) 停火消息对盘面影响有限，近期波动较大，不建议继续加仓，设置好止损。 SCFIS、NCFI运价指数 | 8月18日 | 8月15日 | | --- | --- | | 上海出口集装箱结算运价指数SCFIS（欧洲航线）2180.17点，较上期下跌2.5% | 宁波出口集装箱运价指数NCFI（综合指数）1052.5点，较上期下跌0.1% | | 上海出口集装箱结算运价指数SCFIS（美西航线）1106.29点，较上期上涨2.2% | 宁波出口集装箱运价指数NCFI（欧洲航线）1188.7点，较上期下跌5.5% | | 8月15日 | 宁波出口集装箱运价指数NCFI（美西航线）1042.91点，较上期下跌5.9% | | 上海出口集装箱运价指数SCFI公布价格1460.19 点，较上期下跌29.49点 | 8月15日 | | 上海出口集装箱运价指数SCFI欧线价格1820USD/TEU, 较上期下跌7.2% | 中国出口集装箱运价指数CCFI（综合指数）1193.34点，较上期下跌0.6% | | 上海出口集装箱运价指数SCFI美西航线1759USD/FEU，较上期下跌3.5% ...

交易提示 交易咨询：0571-85165192，85058093 2025 年 8 月 20 日星期三 敬请参阅文后的免责声明 期市有风险投资须谨慎 2 16519 新世纪期货交易提示（2025-8-20） | | | | 铁矿：短期制造业复苏被打断，ZZJ 会议不及预期，国内供给政策预期被 | | --- | --- | --- | --- | | | | | 阶段性证伪，资金层面博弈加剧，预期偏差带来行情修复。产业层面，铁 | | | | | 矿全球发运环比大幅回升，港口库存小幅回升，但目前在高疏港的情况下 | | | 铁矿石 | 震荡偏弱 | 亦无明显累库压力。终端需求偏弱，高炉铁水小幅攀升，钢厂盈利比例处 | | | | | 于高位，现阶段钢厂主动减产动力不足。8 月下旬北方地区也有减产预期， | | | | | 但限产力度不及预期，短期铁矿石基本面矛盾有限，预计震荡偏弱运行。 | | | | | 煤焦：大商所调整焦煤期货主力合约交易限额，房地产和基建需求弱，焦 | | | | | 煤高位调整。产地煤矿整体恢复依然缓慢，上周煤矿精煤库存创 2024 年 | | | | | 3 月以来最低。与此同时，下 ...

Report Industry Investment Rating - No clear industry investment rating is provided in the reports. Core Viewpoints - Due to geopolitical conflicts and tariff uncertainties, it is recommended to participate with a light position or wait and see [3] - Given the short - term market fluctuations, it is not advisable to increase positions, and stop - loss should be set [1] - The market may experience wide - range fluctuations when the basis converges, and attention should be paid to tariff policies, the Middle East situation, and spot freight rates [3] Summary by Related Content Shipping Freight Index - On August 18, the NCFI (composite index) was 1052.5 points, down 0.1% from the previous period; the SCFIS (European route) was 2180.17 points, down 2.5%; the NCFI (European route) was 1188.7 points, down 5.5%; the SCFIS (US West route) was 1106.29 points, up 2.2%; the NCFI (US West route) was 1042.91 points, down 5.9% [1] - On August 15, the SCFI was 1460.19 points, down 29.49 points from the previous period; the CCFI (composite index) was 1193.34 points, down 0.6%; the SCFI European route price was 1820 USD/TEU, down 7.2%; the CCFI (European route) was 1790.47 points, down 0.5%; the SCFI US West route was 1759 USD/FEU, down 3.5%; the CCFI (US West route) was 981.1 points, down 5.9% [1] Economic Data of Different Regions - In the Eurozone in July, the manufacturing PMI was 49.8, higher than the expected 49.7; the services PMI was 51.2, higher than the expected 50.7; the composite PMI was 51, higher than the expected 50.8; the SENTIX investor confidence index rose to 4.5, the highest since April 2022 [2] - In the US in July, the S&P Global manufacturing PMI was 49.5 (expected 52.7); the services PMI was 55.2 (expected 53); the Markit composite PMI was 54.6, the highest since December 2024 [2] - China's manufacturing PMI in July was 49.3%, down 0.4 percentage points from the previous month [2] Futures Market - On August 18, the closing price of the main contract 2510 was 1373.1, with a gain of 0.01%, the trading volume was 28,100 lots, and the open interest was 53,200 lots, a decrease of 1677 lots from the previous day [3] - The SCFIS European route index declined again, and some liner companies continued to lower spot freight rates. The market is in a wait - and - see mood, and the futures market may fluctuate widely when the basis converges [3] Trading Strategies - Short - term strategy: Risk - takers can try to go long lightly around 1300 of the 2510 contract, pay attention to the subsequent market trend, and set stop - loss [4] - Arbitrage strategy: Due to the volatile international situation, it is recommended to wait and see or participate lightly [4] - Long - term strategy: It is advisable to take profits when the contracts rise, and then judge the subsequent direction after the price stabilizes [4] Policy Adjustments - The daily price limit for contracts 2508 - 2606 is adjusted to 18% [4] - The margin for contracts 2508 - 2606 is adjusted to 28% [4] - The daily opening position limit for all contracts 2508 - 2606 is 100 lots [4]

Report Industry Investment Rating - Due to geopolitical conflicts and tariff uncertainties, it is recommended to participate with a light position or wait and see [3] Core Viewpoints - Amid geopolitical conflicts and tariff fluctuations, the game is challenging, and it is advisable to participate with a light position or stay on the sidelines [3] - With the SCFIS European route index declining again and some shipping companies reducing spot freight rates, the market is cautious, and the futures market may fluctuate widely when the basis converges. Attention should be paid to tariff policies, the Middle - East situation, and spot freight rates [3] Summary by Related Content Shipping Market - On August 15 - 18, the Ningbo Export Container Freight Index (NCFI) composite index was 1052.5 points, down 0.1% from the previous period; the Shanghai Export Container Settlement Freight Index (SCFIS) for the European route was 2180.17 points, down 2.5%; the NCFI for the European route was 1188.7 points, down 5.5%; the SCFIS for the US - West route was 1106.29 points, up 2.2%; the NCFI for the US - West route was 1042.91 points, down 5.9% [1] - On August 15, the Shanghai Export Container Freight Index (SCFI) was 1460.19 points, down 29.49 points from the previous period; the China Export Container Freight Index (CCFI) composite index was 1193.34 points, down 0.6%; the SCFI for the European route was 1820 USD/TEU, down 7.2%; the CCFI for the European route was 1790.47 points, down 0.5%; the SCFI for the US - West route was 1759 USD/FEU, down 3.5%; the CCFI for the US - West route was 981.1 points, down 5.9% [1] Economic Data - In July, the Eurozone's manufacturing PMI was 49.8, higher than the expected 49.7 and the previous value of 49.5; the service PMI was 51.2, exceeding the expected 50.7 and the previous value of 50.5; the composite PMI was 51, higher than the expected 50.8 and the previous value of 50.6. The SENTIX investor confidence index jumped to 4.5, the highest since April 2022 [2] - In July, the US manufacturing PMI was 49.5, lower than the expected 52.7 and the previous value of 52.9; the service PMI was 55.2, higher than the expected 53 and the previous value of 52.9; the composite PMI was 54.6, the highest since December 2024, better than the expected 52.8 and the previous value of 52.9 [2] - In July, China's manufacturing PMI was 49.3%, down 0.4 percentage points from the previous month, indicating a decline in manufacturing prosperity [2] Futures Market - On August 18, the main contract 2510 closed at 1373.1, with a gain of 0.01%, a trading volume of 28,100 lots, and an open interest of 53,200 lots, a decrease of 1677 lots from the previous day [3] Investment Strategies - Short - term strategy: For risk - takers, they can try to go long lightly around 1300 for the 2510 contract. Follow - up market trends should be monitored, and holding losing positions is not recommended. Stop - loss should be set [4] - Arbitrage strategy: Given the volatile international situation, it is advisable to wait and see or participate with a light position [4] - Long - term strategy: Profits should be taken when the contracts rise, and after waiting for the price to stabilize after a pull - back, the subsequent direction can be judged [4] Policy Adjustments - The daily price limit for contracts 2508 - 2606 is adjusted to 18% [4] - The margin for contracts 2508 - 2606 is adjusted to 28% [4] - The daily opening limit for all contracts 2508 - 2606 is 100 lots [4]

16519 新世纪期货交易提示（2025-8-19） | | | | | 铁矿：短期制造业复苏被打断，ZZJ 会议不及预期，国内供给政策预期被 阶段性证伪，资金层面博弈加剧，预期偏差带来行情修复。产业层面，铁 | | --- | --- | --- | --- | --- | | | | | | 矿全球发运环比大幅回升，港口库存小幅回升，但目前在高疏港的情况下 | | | 铁矿石 | | 震荡 | 亦无明显累库压力。终端需求偏弱，高炉铁水小幅攀升，钢厂盈利比例处 | | | | | | 于高位，现阶段钢厂主动减产动力不足。8 月下旬北方地区也有减产预期， | | | | | | 未来关注限产政策的推进情况，短期铁矿石基本面矛盾有限，预计盘面高 | | | | | | 位震荡为主。 | | | | | | 煤焦：大商所调整焦煤期货主力合约交易限额，房地产和基建需求弱，焦 | | | | | | 煤小幅调整。产地煤矿整体恢复依然缓慢，上周煤矿精煤库存创 2024 年 | | | | 煤焦 | 高位震荡 | 3 月以来最低。与此同时，下游焦钢企业开工维持高位，线下部分煤矿受 | | | | | | 益于前期出货迅速 ...

欧元区7月制造业PMW和值为49.8、高于预期的49.7，前值为49.5。 欧元区7月服务业PWM值达51.2，超出预期的50.7，前直是50.5。 欧元区7月综合 PMW加值为51．高于预期的50.8，前值为50.6。欧元区7月SENTIX投资者信心指数跃升至4.5，显著高于6月的0.2和市场预期的1.1，创2022年4月以来最 高水平。 7月制造业采购经理指数（PMI）为49.3%，比上月下降0.4个百分点，制造业景气水平有所回落。 2025年8月18日 集运日报 (航运研究小组) 现货指数跌势开始,盘面提前兑现现货降价,近期波动较大,不建议继续加仓,设置好止损, SCFIS、NCFI运价指数 8月15日 8月11日 宁波出口集装箱运价指数NCFI（综合指数）1052.5点，较上期下跌0.1% 上海出口集装箱结算运价指数SCFIS（欧洲航线）2235.48点，较上期下跌2.7% 宁波出口集装箱运价指数NCFI（欧洲航线）1188.7点，较上期下跌5.5% 上海出口集装箱结算运价指数SCFIS（美西航线）1082.14点，较上期下跌4.2% 宁波出口集装箱运价指数NCFI（美西航线）1042.91点，较上期 ...