集运早报-20250805

Group 1: Investment Rating - No information provided on the industry investment rating Group 2: Core Viewpoints - The EC futures contracts show price fluctuations, with most contracts experiencing declines in price and changes in trading volume and open interest [2] - The month - to - month spreads of EC futures also show certain changes, such as the EC2508 - 2510 spread decreasing by 2.0 and the EC2510 - 2512 spread increasing by 13.0 [2] - Some shipping freight indices, like SCFI, (European Line) CCFI, and NCFI, have changed in value, with SCFI down 1.87%, (European Line) CCFI up 0.13%, and NCFI down 3.53% [2] - In the European line shipping market, the supply pressure will be very high from late August, with week 34/35 capacity at 340,000 TEU and the average weekly capacity in September 2025 (tentative) at 343,000 TEU (323,000 TEU without considering TBN). Shipping companies are gradually reducing prices [2] Group 3: Summary by Directory EC Futures Contracts - EC2508: Price is 2122.3, down 0.20% compared to the previous day, with an open interest of 4367 and a decrease of 93 [2] - EC2510: Price is 1421.8, down 0.15%, trading volume is 30268, open interest is 51053, and a decrease of 1323 [2] - EC2512: Price is 1677.2, down 0.90%, open interest is 8387 [2] - EC2602: Price is 1470.2, open interest is 4139, and a decrease of 3 [2] - EC2604: Price is 1315.1, open interest is 5146, and an increase of 34 [2] - EC2606: Price is 1453.2, down 0.81%, open interest is 795, with no change [2] Month - to - Month Spreads - EC2508 - 2510: The spread is 700.5, a decrease of 2.0 compared to the previous day [2] - EC2510 - 2512: The spread is - 255.4, an increase of 13.0 compared to the previous day [2] - EC2512 - 2602: The spread is 207.0 [2] Shipping Freight Indices - Terdar: On August 4, 2025, the index was 2297.86, down 3.50% compared to the previous period [2] - SCFI: On August 1, 2025, it was 2051 dollars/TEU, down 1.87% compared to the previous period [2] - (European Line) CCFI: On August 1, 2025, it was 1789.5 points, up 0.13% compared to the previous period [2] - NCFI: On August 1, 2025, it was 1372.7 points, down 3.53% compared to the previous period [2] European Line Shipping Market - In week 32 of August, the cargo collection was good but there were basically no available containers. In week 33, the cargo collection situation of each alliance varied, with MSK performing well, OA average, and PA poor, and MSK's price dropped by 100 dollars [2] - Shipping companies such as OA and PA have gradually reduced prices by about 200 dollars [2] - Currently, downstream customers are booking spaces for the first half of August (week 32 - 33). Week 32 actual prices are around 3200 dollars (equivalent to 2250 points). Week 33 current quotes have dropped to 2800 - 3200 dollars, with an average of 3000 dollars (equivalent to about 2100 points) [2]