Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-08-13 08:53Report Industry Investment Rating - Not provided Core Viewpoints - On Wednesday, the freight index (European line) futures prices dropped significantly. The main contract EC2510 fell 5.57%, and the far - month contracts fell between 1 - 2%. The latest SCFIS European line settlement freight rate index was 2297.86, down 62.38 points from last week, a 2.7% decline. Spot indicators continued to fall. The "price war" among leading shipping companies and the early release of cargo volume in the second quarter led to a supply - demand mismatch, pushing down futures prices. Tariff measures increased global trade uncertainty, and although the US consumer end showed resilience, inflation may rise. China's counter - measures against the EU added to trade tensions. The demand for the freight index (European line) was expected to be weak, with large price fluctuations, but the rapid recovery of spot prices might drive futures prices up in the short term. Investors were advised to be cautious and track relevant data [1] Summary by Related Catalogs Futures Market - EC main contract closed at 1333.100, down 78.6; EC secondary main contract closed at 1700.1, down 20.4. The spread between EC2510 - EC2512 was - 367.00, down 42.60; the spread between EC2510 - EC2602 was - 154.90, down 44.50. The EC contract basis was 902.38, up 22.12 [1] Spot Market - SCFIS (European line) (weekly) was 2235.48, down 62.38; SCFIS (US West line) (weekly) was 1082.14, down 47.98. SCFI (composite index) (weekly) was 1489.68, down 61.06. CCFI (composite index) (weekly) was 1200.73, down 31.56; CCFI (European line) (weekly) was 1799.05, up 9.55. The Baltic Dry Index (daily) was 2017.00, up 21.00; the Panamax freight index (daily) was 1595.00, up 19.00. The average charter price of Panamax ships was 13075.00, down 218.00; the average charter price of Capesize ships was 25236.00, down 2232.00 [1] Industry News - China and the US continued to suspend 24% reciprocal tariffs for 90 days starting from August 12, and China continued to suspend relevant measures on the unreliable entity list. Three departments jointly issued a personal consumption loan fiscal subsidy policy from September 1, 2025, to August 31, 2026. Eligible loans could receive subsidies up to 3000 yuan per person. The US July CPI was flat year - on - year at 2.7%, lower than expected, but the core CPI rose 3.1% year - on - year, higher than expected. The market expected a Fed rate cut in September with a probability over 90% [1] Key Data to Watch - On August 14, key data to watch included the UK's second - quarter GDP annual rate preliminary value, June three - month GDP monthly rate, June manufacturing output monthly rate, France's July CPI monthly rate final value, the eurozone's second - quarter GDP annual rate revised value, the US initial jobless claims for the week ending August 9, and the US July PPI annual rate [1]