Ruida Futures(SZ:002961) Jin Tou Wang·2026-01-19 06:12Core Viewpoint - The shipping index (European line) futures experienced a sharp decline, with the main contract dropping to a low of 1104.3 points, closing at 1123.4 points, reflecting a decrease of 2.53% [1] Group 1: Market Analysis - The shipping index has shown a fluctuating trend, with market expectations for resumption of shipping exerting pressure on index valuations. Shipping companies are lowering prices to stimulate cargo bookings, with January-end to early February market quotes ranging between $2400 and $2800 per FEU [2] - The Shanghai Shipping Exchange reported the latest SCFI for the European line at $1676 per TEU, down 2.5% from the previous period, while the average loading rate at Shanghai Port is close to full capacity, indicating a slight decline in freight rates [2] - Despite the downward pressure on freight rates, there is still marginal support for prices due to expectations of increased shipments of photovoltaic and other renewable energy products following adjustments in export tax rebate policies [2] Group 2: Institutional Perspectives - Yide Futures maintains a view of a generally fluctuating market, suggesting that current strategies should focus on hedging positions and monitoring market conditions closely [2] - Ruida Futures notes that multiple shipping companies are reducing prices, leading to weakened support for shipping futures prices. The geopolitical situation may improve, potentially affecting freight rates significantly [2] - The overall freight market is heavily influenced by seasonal demand, and investors are advised to exercise caution and control risks while tracking geopolitical, capacity, and cargo volume data [2]