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永安期货集运早报-20250723
Yong An Qi Huo·2025-07-23 08:55
  1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report - The shipping industry, especially the European line, shows a complex market situation. In August, the shipping capacity is relatively high, with an average weekly capacity of 320,000 TEU, a month - on - month increase of 8%. However, the bottom - loading cargo in early August still provides support, and the market may remain stable or experience a slight decline in the quotes of some shipping companies in the next half - month [2][30]. 3. Summary by Related Catalogs EC Futures Contracts - EC2508 closed at 2468.7 with a 4.28% increase, EC2510 at 1676.4 with a 1.93% increase, EC2512 at 1860.4 with a 1.90% increase, EC2602 at 1513.9 with a 0.62% increase, EC2604 at 1370.2 with a 1.51% increase, and EC2606 at 1465.7 with a 0.77% increase [2][30]. - Regarding the month - spreads, EC2508 - 2510 was 69.7 (previous day: 792.3), EC2510 - 2512 was - 3.0 (previous day: - 184.0), and EC2512 - 2602 was 25.3 (previous day: 346.5) [2][30]. Indexes - The current spot price was 2400.5 on 2025/7/21, a - 0.89% change from the previous period [2][30]. - SCFI (European line) was 2079 USD/TEU on 2025/7/18, a - 0.95% change from the previous period [2][30]. - CCFI (European line) was 1803.42 on 2025/7/18, a 4.46% increase from the previous period [2][30]. - NCFI was 1440.25 on 2025/7/18, a 0.35% increase from the previous period [2][30]. - TCI was 1054.56 on 2025/7/18, a - 0.7/5% change from the previous period [2][30]. European Line Quotations - Downstream is currently booking spaces for early August (week 30 - 31). The prices in July remained stable, around 2400 points. In the fifth week of July (week 31), the quote was 3400 USD, which was still around 2400 points on the futures market [3][31]. - In August, some shipping companies announced price adjustments: EMC increased by 100, CMA by 400, HPL by 200, MSC by 200. MSK (Shanghai - Rotterdam) decreased by 100 to 2900 USD, and MSK (Shanghai - Antwerp) remained stable at 2900 USD [3][31]. Seasonal Trends - Multiple charts show the seasonal trends of various shipping indexes, including SCFIS (European line), TCI (European line, Mediterranean East, US West, South American West, Persian Gulf, South Africa, West Africa, Mediterranean West, US East, East Africa), NCFI (European line), and XSI - C (European line) [12][19][40].