Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-05-13 11:24Report Industry Investment Rating - Not provided Core Viewpoints - The freight futures prices of the container shipping index (European line) mostly rose on Tuesday, with the main contract EC2506 up 5.79% and EC2508 up 12.38%. The improvement in the trade - war situation drove the futures prices up rapidly. The latest SCFIS European line settlement freight rate index dropped 76.45 points from last week, a 5.5% decline [1]. - The joint statement of the Sino - US high - level economic and trade talks led to a significant reduction in bilateral tariff levels. The US cancelled 91% of the additional tariffs, and China cancelled 91% of the counter - tariffs. The US suspended the 24% "reciprocal tariff", and China also suspended the 24% counter - tariff. China also suspended or cancelled non - tariff counter - measures against the US [1]. - The Ministry of Commerce will help foreign trade enterprises, and the improvement in the trade - war situation, the warming expectation of the Red Sea re - navigation, and the recovery of the European manufacturing PMI support the European line freight rates. The demand expectation of the container shipping index (European line) is expected to improve [1]. - The European Central Bank should be cautious about the next interest - rate action due to the high uncertainty of Trump's economic policies. The trade tension usually has a negative impact on economic growth. Investors are advised to be cautious, pay attention to the operation rhythm and risk control, and closely monitor the US policies towards Europe and Sino - European foreign trade data [1]. Summary by Relevant Content Futures Market Data - EC2506 closing price: 1465.200, up 80.2; EC2508 closing price: 1896, up 208.8. The EC2506 - EC2508 spread was - 103.00 (down), and the EC2506 - EC2510 spread was - 430.80, with a change of + 70.30 [1]. - EC contract basis: + 1.00 (up). The main contract EC2506 open interest was 36838, unchanged [1]. Spot Market Data - SCFIS (European line) (weekly): 1302.62, down 76.45; SCFIS (US West Coast line) (weekly): 1455.31, up 134.62. SCFI (composite index) (weekly) dropped 4.24 [1]. - CCFI (composite index) (weekly) rose 14.70; CCFI (European line) (weekly): 1497.15, up 51.91 [1]. - Baltic Dry Index (daily): 1299.00, up 5.00; Panama Freight Index (daily): 1353.00, down 11.00 [1]. - Average charter price (Panamax ship): 9963.00, up 32.00; average charter price (Cape - size ship): 13668.00, down 228.00 [1]. Industry News - The Sino - US high - level economic and trade talks issued a joint statement on tariff reduction, and both sides will continue to negotiate on economic and trade relations [1]. - Xinhua News Agency commented on the Sino - US economic and trade talks, emphasizing the need for rational expectations and awareness of the long - term, complex and arduous process of eliminating differences [1]. - A Fed governor said Trump's tariff policy may push up inflation and drag down economic growth, and it's difficult for the Fed to predict future economic growth and inflation trends [1]. - Two members of the European Central Bank's Governing Council said the ECB should be cautious about the next interest - rate action due to the high uncertainty of Trump's economic policies [1]. Key Points to Follow - The German April CPI monthly rate final value at 14:00 on May 14 [1]