瑞达期货集运指数（欧线）期货日报-20250521

Group 1: Report Industry Investment Rating - There is no information about the report industry investment rating in the provided content. Group 2: Core Viewpoints of the Report - On Wednesday, the futures prices of the container shipping index (European Line) declined collectively. The main contract EC2508 rose 1.32%, while the other contracts fell between -3% and -1%. The Russia-Ukraine conflict led to an escalation of geopolitical risks, and trade expectations turned cold [1]. - The latest SCFIS European Line settlement freight rate index was 1265.30, down 37.32 points from last week, a 2.9% week-on-week decline [1]. - The US adjusted its additional tariffs on China, revoking 91% of the additional tariffs on Chinese goods and implementing a 34% reciprocal tariff measure at 5 am on May 14 (US Eastern Time). Among them, 24% of the tariffs were suspended for 90 days, and the remaining 10% was retained. However, the uncertainty of subsequent tariffs remains, and there is a possibility of the trade war escalating again after August [1]. - Against the backdrop of the uncertainty of the trade war and the escalation of the Russia-Ukraine conflict, the demand expectation for the container shipping index (European Line) has turned cold, and the futures price has a large fluctuation range. It is recommended that investors be cautious, pay attention to the operation rhythm and risk control, and track geopolitical, shipping capacity, and cargo volume data in a timely manner [1]. Group 3: Summary by Relevant Catalogs Futures Disk - The closing price of the EC main contract was 1677.20, and the closing price of the EC secondary main contract was 2121.1, down 164.00 [1]. - The spread between EC2506 and EC2508 was +93.30, and the spread between EC2506 and EC2510 was -443.90, down 32.30 [1]. - The position of the EC main contract was 25907 hands, unchanged from the previous day. The basis of the EC contract was -411.90, up 48.70 [1]. Spot Price - The SCFIS (European Line) (weekly) was 1265.30, down 37.32; the SCFIS (US West Line) (weekly) was 1455.31, up 134.62 [1]. - The SCFI (composite index) (weekly) was 1227.97, unchanged; the CCFI (composite index) (weekly) was 1104.88, down 1.50; the CCFI (European Line) (weekly) was 1430.35, down 14.89 [1]. - The Baltic Dry Index (daily) was 1340.00, up 7.00; the Panamax Freight Index (daily) was 1294.00, down 1.00 [1]. - The average charter price of Panamax ships was 10815.00, up 210.00; the average charter price of Capesize ships was 14395.00, up 522.00 [1]. Industry News - On May 19 local time, the Houthi armed forces announced a maritime blockade of the Israeli port of Haifa in response to the Israeli military's recent military operations in the Gaza Strip. Geopolitical risks have escalated [1]. - The central bank governor called for the implementation of a moderately loose monetary policy to meet the effective financing needs of the real economy and support key areas such as technological innovation, consumption, and private small and micro enterprises [1]. - European Central Bank Governing Council member Klaas Knot said that a rate cut in June "cannot be ruled out," but it is "too early" to make a decision without seeing the latest quarterly forecasts. Another member, Pierre Wunsch, said the eurozone economy may need "moderately supportive" interest rates [1]. - The third round of US-Japan tariff negotiations is scheduled for May 23. Japan is considering accepting a US proposal to lower tariff rates as a compromise, rather than a full repeal, to break the current negotiation deadlock [1]. Key Areas of Concern - The preliminary manufacturing PMI values for France, Germany, the eurozone, and the UK in May, as well as the initial jobless claims in the US for the week ending May 17, and the preliminary manufacturing PMI value for the US in May are the key areas of concern [1].