Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-07-17 13:03Report Industry Investment Rating - Not provided Core View of the Report - On Thursday, most futures prices of the Container Shipping Index (European Line) declined. The spot price index has been rising continuously, indicating that the previous price increase announcements by leading shipping companies are likely to be implemented. However, due to trade - war uncertainties, the demand for the Container Shipping Index (European Line) is expected to be weak, and the futures prices fluctuate greatly. The rapid recovery of spot - end price indicators may drive the futures prices to rise in the short term. Investors are advised to be cautious and pay attention to operation rhythm and risk control, and track geopolitical, shipping capacity, and cargo volume data [1] Summary by Relevant Contents Futures Market Data - EC2510, the main contract, closed down 4.28%, and the far - month contracts closed down between 1 - 3%. The latest SCFIS European Line settlement freight rate index is 2421.94, up 163.9 points from last week, a 7.3% week - on - week increase. The EC main contract closed at 2164.500, up 16.0; the EC secondary main contract closed at 1581.3, down 70.70. The EC2508 - EC2510 spread increased by 28.30, and the EC2508 - EC2512 spread was 583.20, up 14.20. The EC contract basis was 257.44, down 11.50. The EC main contract open interest was 16587, down 2160 [1] Spot Market Data - SCFIS (European Line) (weekly) increased by 163.90, SCFIS (US West Line) (weekly) was 1266.59, down 291.18. SCFI (Comprehensive Index) (weekly) decreased by 30.20, and container ship capacity (in ten thousand TEUs) was 1733.29, down 0.25. CCFI (Comprehensive Index) (weekly) decreased by 29.29, CCFI (European Line) (weekly) was 1726.41, up 32.11. The Baltic Dry Index (daily) decreased by 40.00, the Panamax Freight Index (daily) was 1967.00, up 23.00. The average charter price of Panamax ships was 14788.00, down 95.00, and that of Capesize ships was 18645.00, up 1736.00 [1] Industry News - Trump said that drug tariffs may be introduced by the end of the month, and the timeline for chip tariffs is similar but less complex. He is studying 5 - 6 trade agreements, and 2 - 3 agreements may be reached before August 1. He may impose a unified tariff of about 10% on all small countries and send tariff payment notices to 150 countries. He is negotiating with India and the two sides are close to an agreement. The Fed's "Beige Book" shows that economic activity increased slightly from late May to early July, with high uncertainty and a neutral to slightly pessimistic economic outlook. The US Trade Representative's Office launched a 301 investigation into Brazil's unfair trade practices. Mexican President Cinbaum said Mexico does not accept the so - called "anti - dumping duty" on Mexican tomatoes imposed by the US unilaterally and will take corresponding actions if an agreement on tariffs cannot be reached by August 1 [1] Economic Data - In June, the US S&P Global Composite PMI index dropped slightly from 53 in May to 52.8. Price pressure increased significantly. In May, core PCE increased by 2.7% year - on - year, slightly exceeding the market expectation of 2.6%. Real personal consumption expenditure decreased by 0.3% month - on - month, the largest decline since the beginning of the year, and personal income decreased by 0.4% month - on - month, the largest decline since 2021 [1] Future Outlook - Trump threatens to impose a maximum 30% tariff on EU products starting August 1. China has implemented counter - measures against EU products such as brandy and medical devices. The 7 - 8 month period is a window for countries like Europe, Japan, and Vietnam to renegotiate with the US, with uncertainties remaining [1] Key Data to Focus On - On July 18 at 07:30, Japan's June core CPI annual rate; at 14:00, Germany's June PPI monthly rate; at 22:00, the US July one - year inflation rate expectation preliminary value and the US July University of Michigan consumer confidence index preliminary value [1]