Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-05-09 08:51Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoint - Trade wars and geopolitical situations keep fluctuating, and the market's expectation of the demand recovery for the Container Shipping Index (European Line) is in doubt again. If the tariff rate imposed by the US on Europe is better than expected, the performance of far - month futures prices may be better than that of near - month contracts. Investors are advised to be cautious, pay attention to operation rhythm and risk control, and continuously track tariff and geopolitical information [7][41]. 3. Summary by Directory 3.1. Market Review - This week, the futures prices of the Container Shipping Index (European Line) showed mixed trends. The main contract closed down 3.73%, and the other contracts had a decline ranging from - 2% to 3%. The latest SCFIS European Line settlement freight rate index was 1379.07, down 50.32 points from last week, a 3.5% week - on - week decrease. The main contract price of the Container Shipping Index (European Line) futures declined this week, and the trading volume and open interest of the EC2506 contract both decreased [6][9][12]. 3.2. News Review and Analysis | News | Impact | | --- | --- | | US President Trump announced to impose a 100% tariff on all foreign - made movies entering the US, which is bearish | [20] | | He said he was meeting with many countries on trade agreements and might reach some this week, with no clear impact | [20] | | China's Ministry of Commerce responded to China - US economic and trade talks, neutral | [20] | | The UK and the US reached a tariff trade agreement, which is bullish | [20] | | The EU announced a retaliatory list for 95 billion euros of US goods, bearish | [20] | | The central bank governors of ASEAN, China, Japan, and South Korea reached an agreement, neutral | [20] | 3.3. Weekly Market Data - The basis of the Container Shipping Index (European Line) futures contracts declined, and the price spread converged rapidly this week. The export container freight rate index continued to decline. Container shipping capacity is still rising. BDI and BPI rebounded slightly due to geopolitical factors. The charter price of Panamax ships mostly declined, and the spread between the offshore and on - shore RMB against the US dollar widened [24][29][31]. 3.4. Market Outlook and Strategy - The futures prices of the Container Shipping Index (European Line) showed mixed trends this week. Amidst Sino - US trade frictions and potential US trade strikes against Europe, the long - term weakness of the euro may continue. The geopolitical risk has increased again, and the expectation of the Red Sea's resumption of navigation has cooled. Overall, due to the instability of trade wars and geopolitical situations, the market's expectation of demand recovery for the Container Shipping Index (European Line) is in doubt again [40].