建信期货集运指数日报-2025-04-03

Report Information - Report Title: "Daily Report on Container Shipping Index" [1] - Date: April 3, 2025 [2] - Research Team: Macro Financial Research Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] Core Viewpoints - The price increase in April has basically failed, but the price has stabilized in the first ten days, with the middle price of large containers around $2,100 - $2,300. The higher quotes in the last ten days may indicate good loading demand and support the improvement of sentiment. The risk of a significant price drop is low. With the resurgence of conflicts in the Middle East, the approaching peak - season price increase, and increased European fiscal stimulus, the market's expectation of peak - season price increases may further rise, and the upward momentum for the stabilization of contracts 06 and 08 may be gradually accumulating [8] Summary by Directory 1. Market Review and Operation Suggestions - Market on the Day: The price increase in April has basically failed, but the price has stabilized in the first ten days. The middle price of large containers is around $2,100 - $2,300. Higher quotes in the last ten days may indicate good loading demand and support sentiment improvement. The risk of a significant price drop is low. With the resurgence of conflicts in the Middle East, the approaching peak - season price increase, and increased European fiscal stimulus, the market's expectation of peak - season price increases may further rise, and the upward momentum for the stabilization of contracts 06 and 08 may be gradually accumulating [8] 2. Industry News - From March 24th to March 28th, the China Export Container Shipping Market showed signs of stabilization after continuous adjustments. Transport demand remained stable, and most route market freight rates rebounded, with the comprehensive index rising. On March 28th, the Shanghai Export Container Comprehensive Freight Index was 1356.88 points, a 5.0% increase from the previous period. - In the European route, the eurozone's March composite PMI preliminary value rose to 50.4, a new high in 8 months, indicating continued economic recovery. The manufacturing downturn has eased, but the service PMI continued to slow. Transport demand was generally stable, and the market freight rate showed signs of stabilization after continuous decline. On March 28th, the market freight rate from Shanghai Port to European basic ports was $1318/TEU, a 0.9% increase from the previous period. - In the Mediterranean route, the market situation was basically the same as that of the European route, but the supply - demand fundamentals were weaker. The spot booking price in the current week continued to fall. On March 28th, the market freight rate from Shanghai Port to Mediterranean basic ports was $2076/TEU, a 5.4% decrease from the previous period. - The Houthi armed delegation met with Egyptian intelligence officials in Cairo. The US urged the Houthi to ease the military situation in the Red Sea through Egypt. The US has significantly increased its military presence in the Middle East and launched multiple air strikes on Houthi targets in Yemen. The Houthi armed has launched ballistic missiles and drones in response and threatened to attack US aircraft carriers and warships [9][10] 3. Data Overview - Container Shipping Spot Prices: From March 24th to March 31st, the SCFIS for the European route (basic ports) decreased from 1506.17 to 1473.56, a 2.2% decrease; the SCFIS for the US - West route (basic ports) decreased from 1152.74 to 1089.16, a 5.5% decrease [12] - Container Shipping Index (European Route) Futures Market: The report provides trading data for multiple contracts on April 2nd, including EC2504, EC2506, etc., showing information such as opening price, closing price, settlement price, price change, and trading volume [6] - Shipping - Related Data Charts: The report includes multiple charts such as the trend of the main contract of container shipping European route futures, the trend of the second - main contract, global container shipping capacity, and global container ship orders [18][19][20]