永安期货集运早报-20250806

Report Industry Investment Rating - No information provided in the given content. 2. Core Viewpoints of the Report - The EC futures contracts show different price trends, with some experiencing declines and others increases. For example, EC2508 decreased by 1.58% to 2088.8, while EC2602 increased by 1.51% to 1492.4 [2][30]. - The month - to - month spreads of EC futures also have fluctuations. For instance, the day - on - day change of EC2508 - 2510 was - 24.7, and the week - on - week change was 5.5 [2][30]. - Shipping freight indices have various trends. SCFIS decreased by 0.81% to 2297.86, SCFI decreased by 1.87% to 2051 dollars/TEU, CCFI increased by 0.13% to 1789.5 points, and NCFI decreased by 3.53% to 1372.7 points [2][30]. - In the European line, there are supply and demand issues. In August, the first - week (week32) had good cargo collection but few container usages. Week33 had different cargo collection situations among alliances, and starting from late August, the supply pressure is very high [2][30]. - The recent European line quotes show price drops among many shipping companies. For example, CMA dropped 200 dollars to 3245 dollars, and HPL dropped 300 dollars to 2835 dollars [2][30]. 3. Summaries According to Relevant Catalogs 3.1 EC Futures Contracts - EC2508 closed at 2088.8 with a - 1.58% change, trading volume of 209.1, and an open interest of 3946 [2][30]. - EC2510 closed at 1413.0 with a - 0.62% change, trading volume of 884.9, and an open interest of 52108 with a change of - 421 [2][30]. - EC2512 closed at 1690.5 with a 0.79% change, trading volume of 607.4, and an open interest of 8208 with a change of - 179 [2][30]. - EC2602 closed at 1492.4 with a 1.51% change, trading volume of 805.5, and an open interest of 4116 with a change of - 23 [2][30]. - EC2604 closed at 1331.0 with a 1.21% change, trading volume of 966.9, and an open interest of 4195 with a change of 49 [2][30]. - EC2606 closed at 1471.6 with a 1.27% change, trading volume of 826.3, and an open interest of 789 with a change of - 6 [2][30]. 3.2 Month - to - Month Spreads of EC Futures - EC2508 - 2510: The previous day's spread was 675.8, with a day - on - day change of - 24.7 and a week - on - week change of 5.5 [2][30]. - EC2510 - 2512: The previous day's spread was - 277.5, with a day - on - day change of - 22.1 and a week - on - week change of - 8.2 [2][30]. - EC2512 - 2602: The previous day's spread was 198.1, with a day - on - day change of - 8.9 and a week - on - week change of - 7.9 [2][30]. 3.3 Shipping Freight Indices - SCFIS: Updated weekly on Mondays, the latest value on August 4, 2025, was 2297.86 points, with a 0.81% decline from the previous period and a 3.50% decline from two periods ago [2][30]. - SCFI: Updated weekly on Fridays, the value on August 1, 2025, was 2051 dollars/TEU, with a 1.87% decline from the previous period and a 0.53% increase from two periods ago [2][30]. - CCFI: Updated weekly on Fridays, the value on August 1, 2025, was 1789.5 points, with a 0.13% increase from the previous period and a 0.90% decline from two periods ago [2][30]. - NCFI: Updated weekly on Fridays, the value on August 1, 2025, was 1372.7 points, with a 3.53% decline from the previous period and a 1.20% decline from two periods ago [2][30]. 3.4 European Line Supply and Demand - In August, week32 had good cargo collection but few container usages. Week33 had different cargo collection situations among alliances, with MSK performing better, OA average, and PA worse. Starting from late August, the supply pressure is very high, with week34/35 having a capacity of 340,000 TEU and the average weekly capacity in September 2025 (tentative) being 343,000 TEU (323,000 TEU excluding TBN) [2][30]. 3.5 European Line Quotes - CMA dropped 200 dollars to 3245 dollars, HPL dropped 300 dollars to 2835 dollars, MSC dropped 300 dollars to 3040 dollars, and OOCL dropped 100 dollars to 3100 dollars. MSK opened the week34 booking at 2600 dollars, a 200 - dollar decline from the previous week, and then the price rose to 2640 dollars. The current average quote for week34 is equivalent to about 2050 points on the futures. Week33 quotes dropped to 2800 - 3200 dollars, with an average of 3000 dollars (equivalent to about 2100 points on the futures) [2][30]. 3.6 Related News - On August 4, the EU Commission spokesman said that the EU would suspend two sets of counter - measures against US tariffs for six months, targeting US tariffs on steel and aluminum products and the Trump administration's benchmark and auto tariffs [3][31]. - On August 6, Israeli Prime Minister Netanyahu decided to fully occupy Gaza, and the plan will be submitted for a vote on August 7. As of August 5, the Israeli army had controlled about 75% of the Gaza Strip, and the new plan aims to occupy the remaining area [3][31]. 3.7 Index Delay - The XSI - C index will be delayed by three working days for publication [4][32].