Report Industry Investment Rating - Not provided in the content Core Viewpoints - The futures prices of the Container Shipping Index (European Line) contracts first fluctuated downward and then returned to a volatile trend. As of the close, the prices of all EC contracts declined. The opening decline of the futures price was likely affected by the current cabin quotes on the European line. Specifically, Evergreen's opening quotes for the European line in early September were lower than the previous values. Except for ONE, the quotes of major shipping companies for the European line in early September had generally dropped below the August quotes, and the average price for large containers was below $2500. Looking ahead, it is relatively likely that EC will continue to fluctuate with a downward bias or return to a volatile trend [1]. Summary by Relevant Catalogs EC Risk Management Strategy Recommendations - For cabin management, if one has already obtained cabins but the shipping capacity is full or the booked cargo volume is poor, and there are concerns about a decline in freight rates, to prevent losses, one can short the container shipping index futures according to the company's cabin situation to lock in profits. The recommended hedging tool is EC2510, with a selling recommendation and an entry range of 1450 - 1550 [1]. - For cost management, if shipping companies increase the frequency of blank sailings or the market is about to enter the peak season, and one hopes to book cabins based on order situations, to prevent an increase in transportation costs due to rising freight rates, one can buy the container shipping index futures at present to determine the cabin - booking costs in advance. The recommended hedging tool is EC2510, with a buying recommendation and an entry range of 1200 - 1300 [1]. EC Position Changes - In the EC2510 contract, long positions increased by 1262 lots to 28530 lots, short positions increased by 318 lots to 31625 lots, and the trading volume increased by 9676 lots to 43824 lots (bilateral) [1]. EC Basis Daily Changes (on August 22, 2025) - The basis for EC2508 was 55.17 points, with a daily decline of 2.00 points and a weekly decline of 96.41 points [3]. - The basis for EC2510 was 855.17 points, with a daily increase of 30.00 points and a weekly decline of 20.81 points [3]. - The basis for EC2512 was 458.77 points, with a daily increase of 54.50 points and a weekly decline of 53.41 points [3]. - The basis for EC2602 was 667.17 points, with a daily increase of 19.00 points and a weekly decline of 46.91 points [3]. - The basis for EC2604 was 890.67 points, with a daily increase of 24.80 points and a weekly decline of 9.81 points [3]. EC Prices and Spreads (on August 22, 2025) - The closing price of EC2508 was 2125.0 points, with a daily increase of 0.09% and a weekly increase of 1.97% [5]. - The closing price of EC2510 was 1325.0 points, with a daily decline of 2.21% and a weekly decline of 2.54% [5]. - The closing price of EC2512 was 1721.4 points, with a daily decline of 3.07% and a weekly decline of 0.11% [5]. - The closing price of EC2602 was 1513.0 points, with a daily decline of 1.24% and a weekly decline of 0.55% [5]. - The closing price of EC2604 was 1289.5 points, with a daily decline of 2.27% and a weekly decline of 3.41% [5]. - The closing price of EC2606 was 1470.1 points, with a daily decline of 0.67% and a weekly decline of 1.67% [5]. Current Cabin Quotes for Container Shipping - On September 4, for Maersk's sailings from Shanghai to Rotterdam, the total quote for 20GP was $1290, an increase of $5 compared to the previous value, and the total quote for 40GP was $2160, an increase of $10 compared to the previous value [7]. - In early September, for Evergreen's sailings from Shanghai to Rotterdam, the total quote for 20GP was $1580, a decrease of $225 compared to the previous week, and the total quote for 40GP was $1983, a decrease of $778 compared to the previous week [7]. Global Freight Rate Indexes - The SCFIS for the European route was 2180.17 points, a decrease of 55.31 points (-2.47%) compared to the previous value [8]. - The SCFIS for the US - West route was 1106.29 points, an increase of 24.15 points (2.23%) compared to the previous value [8]. - The SCFI for the European route was $1820 per TEU, a decrease of $141 (-7.19%) compared to the previous value [8]. - The SCFI for the US - West route was $1759 per FEU, a decrease of $64 (-3.51%) compared to the previous value [8]. - The XSI for the European line was $2989 per FEU, a decrease of $31 (-1.03%) compared to the previous value [8]. - The XSI for the US - West line was $1826 per FEU, a decrease of $7 (-0.4%) compared to the previous value [8]. - The FBX comprehensive freight rate index was $1965 per FEU, an increase of $1 (0.05%) compared to the previous value [8]. Global Major Port Waiting Times (on August 21, 2025) - The waiting time at Hong Kong Port was 0.608 days, an increase of 0.213 days compared to the previous day and a decrease of 0.126 days compared to the same period last year [13]. - The waiting time at Shanghai Port was 1.639 days, a decrease of 0.184 days compared to the previous day and an increase of 0.201 days compared to the same period last year [13]. - The waiting time at Yantian Port was 1.161 days, an increase of 0.281 days compared to the previous day and an increase of 0.684 days compared to the same period last year [13]. - The waiting time at Singapore Port was 1.627 days, an increase of 1.064 days compared to the previous day and an increase of 1.061 days compared to the same period last year [13]. - The waiting time at Jakarta Port was 1.822 days, an increase of 0.294 days compared to the previous day and an increase of 0.842 days compared to the same period last year [13]. - The waiting time at Long Beach Port was 2.648 days, an increase of 0.119 days compared to the previous day and an increase of 0.845 days compared to the same period last year [13]. - The waiting time at Savannah Port was 1.233 days, a decrease of 0.295 days compared to the previous day and a decrease of 0.99 days compared to the same period last year [13]. Ship Speeds and the Number of Container Ships Waiting at Suez Canal Ports (on August 21, 2025) - The average speed of container ships with a capacity of over 8000 was 15.764 knots, a decrease of 0.082 knots compared to the previous day and a decrease of 0.192 knots compared to the same period last year [22]. - The average speed of container ships with a capacity of over 3000 was 14.870 knots, a decrease of 0.032 knots compared to the previous day and a decrease of 0.387 knots compared to the same period last year [22]. - The average speed of container ships with a capacity of over 1000 was 13.318 knots, a decrease of 0.026 knots compared to the previous day and a decrease of 0.164 knots compared to the same period last year [22]. - The number of ships waiting at the Suez Canal port anchorages was 12, the same as the previous day and an increase of 4 compared to the same period last year [22].
集装箱运输市场日报：长荣9月初报价继续下调-20250822
Nan Hua Qi Huo·2025-08-22 03:19