Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-07-03 09:09Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - On Thursday, the freight index (Europe line) futures prices showed mixed trends. The main contract EC2508 closed up 0.11%, while the far - month contracts had declines ranging from -1% to -1%. The current price index continued to improve, supporting the futures price of the main contract. The latest SCFIS Europe line settlement freight rate index was 2123.24, up 186.1 points from last week, a 9.6% week - on - week increase. - The US economic data indicated challenges. The 6 - month ADP employment unexpectedly decreased by 33,000, and the service industry employment had the largest decline since the pandemic. The US interest rate futures fully priced in the Fed's September rate - cut expectation. - The euro - zone economy showed signs of bottoming out under the support of tariff expectation easing and Germany's fiscal expansion policy. However, the manufacturing industry was still under pressure, with a 2.4% month - on - month drop in industrial output. - There was still uncertainty in the trade war, and the demand expectation for the freight index (Europe line) was weak, with large fluctuations in futures prices. But the rapid recovery of spot - end price indicators might drive the futures prices to rise in the short term. Investors were advised to be cautious, pay attention to the operation rhythm and risk control, and track geopolitical, shipping capacity, and cargo volume data [1]. 3. Summary by Relevant Catalogs Futures Disk - EC main contract closing price: 1896.900, up 2.0; EC second - main contract closing price: 1363.9, down 10.6. - EC2508 - EC2510 spread: +17.40 up; EC2508 - EC2512 spread: 358.20, up 2.70. - EC contract basis: -13.40 down, at 226.34. - EC main contract open interest: down 388, at 35947 [1]. Spot Price - SCFIS (Europe line) (weekly): 2123.24, up 186.10; SCFIS (US West line) (weekly): 1619.19, down 464.27. - SCFI (composite index) (weekly): 1861.51, down 8.08; container ship capacity (10,000 TEUs): 1227.97, unchanged. - CCFI (composite index) (weekly): 1369.34, up 26.88; CCFI (Europe line) (weekly): 1640.72, up 62.12. - Baltic Dry Index (daily): 1443.00, up 15.00; Panama Freight Index (daily): 1492.00, up 8.00. - Average charter price (Panamax): 12089.00, down 247.00; average charter price (Capesize): 10261.00, up 338.00 [1]. Industry News - The US military assessment was that Iran's nuclear facilities were destroyed, and its nuclear program was postponed by 1 - 2 years. - China's National Development and Reform Commission arranged over 300 billion yuan to support the third - batch "two major" construction projects in 2025, and the 800 - billion - yuan project list for this year was fully issued. - The US 6 - month ADP employment unexpectedly decreased by 33,000, and the service industry employment had the largest decline since the pandemic. The US interest rate futures fully priced in the Fed's September rate - cut expectation. - The US President announced a trade agreement with Vietnam, with Vietnam's exports to the US subject to a 20% tariff and trans - shipped goods subject to a 40% tariff. Vietnam agreed to cancel all taxes on imported US goods [1]. Key Points to Watch - July 4, 14:45, France's May industrial output monthly rate. - July 4, 17:00, Euro - zone May PPI monthly rate [1].