Report Overview - Report Title: "Daily Report on Container Shipping Index" [1] - Report Date: July 4, 2025 [2] - Research Team: Macro Financial Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] 1. Report Industry Investment Rating - Not provided in the report 2. Core Viewpoints - The price increase at the end of June was better than expected, and the SCFIS settlement index rebounded above 2000 points. The 08 contract has some upside potential, while attention should be paid to short - selling opportunities in October and positive spread arbitrage opportunities between 08 - 10 contracts [8] 3. Summary by Sections 3.1 Market Review and Operation Suggestions - Spot Market: The price increase at the end of June was better than expected, with the SCFIS settlement index rising above 2000 points. Maersk's mid - July quote was $2958, and the next week's quote was $2900. Other shipping companies' quotes were mostly in the range of $3300 - $3600, with a median of about $3400. CMA CGM and HPL reported August freight rates of $4745 and $3535 respectively [8] - Futures Market: The 08 contract had broken below 1800 points, showing extremely pessimistic market expectations, which are now being repaired. With good cargo volume and port congestion in Europe, the peak - season price increase is expected to materialize, and the 08 contract has some upside potential. October is a traditional off - season, so attention should be paid to short - selling opportunities and 08 - 10 positive spread arbitrage opportunities [8] 3.2 Industry News - Geopolitical News: Iran launched a missile strike on the US military's Al - Udeid Air Base in Qatar. International oil prices dropped by about 9%, and the US stock market rose [9] - Shipping Market News: From June 23 - 27, the overall Chinese export container shipping market was stable, with the comprehensive index slightly declining. European routes' spot freight rates rose, while Mediterranean routes' rates fell slightly, and North American routes' rates continued to decline [9][10] 3.3 Data Overview - Container Shipping Spot Prices: The SCFIS European route index increased by 9.6% to 2123.24 points, while the SCFIS US West route index decreased by 22.3% to 1619.19 points [15] - Container Shipping Index (European Route) Futures Quotes: Details of trading data for contracts such as EC2508, EC2510, etc., including opening price, closing price, settlement price, change, and trading volume, are provided [6] - Shipping - Related Data Charts: Charts include Shanghai Export Container Settlement Freight Index, container shipping index (European route) futures trends, global container shipping capacity, and global container ship order backlog [15][18][22]
建信期货集运指数日报-20250704
Jian Xin Qi Huo·2025-07-04 06:27