集运早报-20250619

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints The report presents the latest data on EC futures contracts, shipping indices, and market news. It shows the price trends of different EC futures contracts, the changes in shipping indices, and the impact of the Israel - Iran conflict on the shipping industry. The report also mentions the current situation of downstream cargo space bookings and the price increase announcements of shipping companies [2]. 3. Summary by Relevant Catalogs 3.1 EC Futures Contracts - Contract Prices: EC2506 closed at 1898.0 with a -0.20% change, EC2508 at 2092.0 with a 2.65% change, EC2510 at 1427.9 with a 0.83% change, EC2512 at 1595.6 with a -0.96% change, EC2602 at 1430.2 with a -0.09% change, and EC2604 at 1243.8 with a 0.27% change [2]. - Trading Volume and Open Interest: The trading volume and open interest of each contract vary, with EC2508 having the highest trading volume of 75737 and an open interest of 42767, showing a decrease of 1784 in open interest [2]. - Month - to - Month Spreads: The month - to - month spreads between different contracts show fluctuations. For example, the spread between EC2506 - 2508 was -194.0, and it has changed compared to previous periods [2]. 3.2 Shipping Indices - SCFIS: Updated on 2025/6/9, it was 162281, showing a 29.53% increase from the previous period, with an expected 0.46% change in the next period [2]. - SCFI (European Line): Updated on 2025/6/13, it was 1844, a 10.62% increase from the previous period, with an expected 5.04% change in the next period [2]. - CCFI (European Line): Updated on 2025/6/13, it was 1488.87, a 6.57% increase from the previous period, with an expected 1.56% change in the next period [2]. - NCFI (European Line): Updated on 2025/6/13, it was 1307.92, a 16.40% increase from the previous period, with an expected 5.25% change in the next period [2]. - TCI (European Line): Updated on 2025/6/17, it was 869.91, showing no change from the previous period, with an expected 2.08% change in the next period [2]. 3.3 Shipping Capacity and Booking Situation - Shipping Capacity: In June and July 2025, the average weekly shipping capacity is 29.7 and 29.3 million TEU respectively. The capacity is neutral from the second half of June to the first half of July and is relatively high in the second half of July [2]. - Booking Situation: Downstream customers are currently booking cargo space for the second half of June (week 24 - 25). The lowest price for this period is 2700 - 2800 US dollars from MSK, and the average price is about 2950 US dollars, equivalent to about 2000 points on the futures market. Shipping companies have announced price increases for July, with an average price of about 3800 US dollars, equivalent to about 2700 points on the futures market [2]. 3.4 Market News - Israel - Iran Conflict: On June 18, Iran launched supersonic missiles at Israel. The conflict has led to a decrease in the number of ships passing through the Strait of Hormuz. The shipping industry is concerned, and some shipping companies are avoiding passing through the Strait of Hormuz. It is expected that the shipping cost through the Strait of Hormuz will increase [2].