Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-08-20 09:17Report Industry Investment Rating - No specific industry investment rating is provided in the report. Core View of the Report - Trade war uncertainties remain, the demand outlook for the Container Shipping Index (European Line) is weak, and the futures price fluctuates significantly. Investors are advised to be cautious, pay attention to the operation rhythm and risk control, and track geopolitical, shipping capacity, and cargo volume data in a timely manner [1]. Summary According to Relevant Catalogs Futures Market Data - EC main contract closing price is 1355.000, down 18.2; EC second main contract closing price has a +6.20 increase [1]. - The spread between EC2510 - EC2512 is -420.90, down 16.20; the spread between EC2510 - EC2602 is -177.00, down 11.90 [1]. - EC contract basis is 825.17, up 15.30 [1]. - EC main contract open interest is 51727, down 1072 [1]. Spot Market Data - SCFIS (European Line) (weekly) is 2180.17, down 55.31; SCFIS (US West Line) (weekly) is 1,106.29, down 24.15 [1]. - SCFI (composite index) (weekly) is 1460.19, down 29.49; container ship capacity is 1,227.97 (in ten - thousand TEUs), with no change [1]. - CCFI (composite index) (weekly) is 1193.34, down 7.39; CCFI (European Line) (weekly) is 1,790.47, down 8.58 [1]. - Baltic Dry Index (daily) is 1964.00, up 58.00; Panama - type freight index (daily) is 1,637.00, down 7.00 [1]. - Average charter price for Panama - type ships is 13887.00, down 113.00; average charter price for Cape - type ships is 21,986.00, down 2887.00 [1]. Industry News - Five departments including the Ministry of Human Resources and Social Security jointly issued a notice, adding three withdrawal conditions for personal pensions from September 1st [1]. - The US Department of Commerce added 407 product categories to the steel and aluminum tariff list, with a 50% tax rate [1]. - US President Trump said the US will help Ukraine defend but will not send ground troops, and Ukraine will not be allowed to join NATO. The White House is planning a tri - lateral meeting in Budapest [1]. Market Analysis - On Wednesday, most Container Shipping Index (European Line) futures prices fell, with the main contract EC2510 down 1.33%, and far - month contracts down between -1% and -1% [1]. - The latest SCFIS European Line settlement freight rate index is 2180.17, down 55.31 points from last week, a 2.5% week - on - week decline, and spot indicators continue to fall [1]. - Leading shipping companies launched a "price war" to compete for off - season cargo volume, and ONE also lowered its European Line spot cabin quotes at the end of August, leading to a cold market expectation [1]. - Trump plans to announce additional tariffs on steel, chips, and semiconductors in the next two weeks, increasing global trade uncertainties [1]. - US July CPI and non - farm data slowed, boosting the probability of a Fed rate cut in September, but PPI showed an unexpected rebound in producer inflation, and the probability of a Fed rate cut in September has marginally declined [1]. - In Q2 2025, the eurozone GDP growth slightly exceeded market expectations, and service and manufacturing activities gradually recovered. Inflation slowdown and stable economic data give the ECB interest rate policy flexibility [1]. Key Data to Watch - France's August manufacturing PMI preliminary value on August 21 at 15:15 [1]. - Germany's August manufacturing PMI preliminary value on August 21 at 15:30 [1]. - Eurozone's August manufacturing PMI preliminary value on August 21 at 16:00 [1]. - UK's August manufacturing PMI preliminary value on August 21 at 16:30 [1]. - US initial jobless claims for the week ending August 16 (in ten thousand people) on August 21 at 20:30 [1]. - US August S&P Global manufacturing PMI preliminary value on August 21 at 21:45 [1].