集运期货：EC盘面震荡

Pricing Information - As of June 25, the spot rates for Maersk range from $1,754 to $2,183 per TEU and $2,930 to $3,546 per TEU; CMA rates are $1,835 to $2,035 per TEU and $3,245 to $3,645 per TEU; MSC rates are $1,940 to $2,180 per TEU and $3,240 to $3,640 per TEU; ONE rates are $2,571 to $2,914 per TEU and $2,937 to $3,343 per TEU; EMC rates are $2,100 to $2,655 per TEU and $3,100 to $4,060 per TEU [1] Shipping Index - As of June 23, the SCFIS European line index reported 1,937.14 points, an increase of 14% week-on-week; the US West Coast index decreased by 28% to 2,083.46 points. The SCFI composite index as of June 20 was 1,968.59 points, down 10% from the previous period; Shanghai-Europe freight rates fell by 1% to $1,835 per TEU; Shanghai-US West Coast rates were $2,772 per FEU, down 33% from the previous week; Shanghai-US East Coast rates were $5,352 per FEU, down 21% from the previous week [2] Market Fundamentals - As of June 24, the global container shipping capacity was 32.57 million TEU, an increase of 8.2% year-on-year. In terms of demand, the Eurozone's May composite PMI was 50.2, with manufacturing PMI at 49.4 and services PMI at 49.7; the US May manufacturing PMI was 48.5, with new orders index at 47.6. The OECD leading index for the G7 group recorded 100.32 in May [3] Market Logic - The futures market saw a decline yesterday, with the main contract for August closing at 1,759.9 points, an increase of 1.13%. It is expected that more airlines will announce their pricing for the second half of July soon, with a high probability of opening flat. If there is no significant drop, the August price may remain in the 1,700-1,800 fluctuation range [4] Operational Suggestions - The industry is advised to maintain a cautious observation stance, with expectations for the August contract to fluctuate between 1,700 and 1,800 [5]