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FICC日报：MSC宣涨6月下半月，短期涨价预期较强-20250604
Hua Tai Qi Huo·2025-06-04 02:48
  1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The market has strong short - term price increase expectations as MSC announced a price increase for the second half of June [1][2][3] - The supply - demand mismatch has led to a significant increase in freight rates on the US routes in June. As carriers withdrew capacity from the trans - Pacific eastbound routes earlier and demand has now rapidly increased, prices have soared [2] - The capacity on European routes decreased in June, and many shipping companies announced price increases for the second half of June. The 06 contract will gradually return to "real - world" trading as the delivery deadline approaches [3] - There is still an expectation of price increases in August as it is a traditional peak season and the currently - counted capacity in July is relatively low. It is advisable to conduct arbitrage operations for the August contract [4] - In 2025, it is still a big year for container ship deliveries [7] 3. Summary by Directory 3.1 Futures Prices - As of June 4, 2025, the total open interest of all contracts of the container shipping index for European routes was 90,839.00 lots, and the single - day trading volume was 109,688.00 lots. The closing prices of EC2602, EC2604, EC2506, EC2508, EC2510, and EC2512 contracts were 1358.80, 1181.90, 1894.10, 2100.20, 1339.00, and 1539.30 respectively [5][6] 3.2 Spot Prices - On May 30, the SCFI (Shanghai - Europe route) price was 1587.00 US dollars/TEU, the SCFI (Shanghai - US West route) price was 5172.00 US dollars/FEU, and the SCFI (Shanghai - US East) price was 6243.00 US dollars/FEU. On June 2, the SCFIS (Shanghai - Europe) was 1252.82 points, and the SCFIS (Shanghai - US West) was 1718.11 points [6] 3.3 Container Ship Capacity Supply - As of May 30, 2025, 34 ships of 12,000 - 16,999 TEU were delivered, with a total of 513,200 TEU, and 4 ships of over 17,000 TEU were delivered, with a total of 94,864 TEU. From January to May, a total of 115 container ships were delivered, with a total of 903,900 TEU [7] 3.4 Supply Chain No specific analysis content provided in the text, only figure descriptions. 3.5 Demand and European Economy No specific analysis content provided in the text, only figure descriptions.