集装箱运输市场日报：期货标的降幅扩大，08合约交割-20250826

Report Industry Investment Rating - Not provided Core Viewpoints - Today, the prices of each monthly contract of the Container Shipping Index (European Line) futures first oscillated upwards and then returned to oscillation. As of the close, except for EC2606, the prices of each monthly contract of EC have rebounded. Affected by commodity sentiment, the futures price rebounded from a short - term low. Considering the current spot cabin quotes on the European line and the situation of the futures underlying, it is more likely that EC will continue to oscillate with a downward bias or maintain an oscillating trend [1] - The rise of the main commodity contracts is positive for the short - term sentiment of container shipping [2] - ONE has lowered its September European line quotes [3] Summary by Relevant Catalogs EC Risk Management Strategy - 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. For the EC2510 contract, the recommended selling entry range is 1450 - 1550 [1] - For cost management, if the shipping companies increase the frequency of blank sailings or the market is about to enter the peak season, and one hopes to book cabins according to the order situation, 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 cost in advance. For the EC2510 contract, the recommended buying entry range is 1200 - 1300 [1] EC Contract Data - As of the close, from the changes in the positions of the top 20 institutional holders on the exchange, for the EC2510 contract, the long positions increased by 614 lots to 28,928 lots, the short positions increased by 1393 lots to 32,916 lots, and the trading volume increased by 16,486 lots to 47,955 lots (bilateral). Today, the EC2508 contract was delivered, and the delivery settlement price was 2135.3 points, basically consistent with the final closing price of 2136.0 points [1] - On August 26, 2025, the closing price of EC2508 was 2136.0 points, with a daily increase of 0.39% and a weekly increase of 2.29%; the closing price of EC2510 was 1358.0 points, with a daily increase of 3.74% and a weekly decrease of 1.10%; and so on for other contracts. There are also detailed data on price differences between different contracts [4] - On August 26, 2025, the basis of EC2508 was - 145.80 points, with a daily decrease of 8.30 points and a weekly decrease of 237.77 points; the basis of EC2510 was 632.20 points, with a daily decrease of 49.00 points and a weekly decrease of 174.87 points; and so on for other contracts [3] Spot Cabin Quotes - According to Geek Rate, on September 4, for Maersk's Shanghai - Rotterdam sailings, the total quote for 20GP was $1310, an increase of $5 compared to the previous period, and the total quote for 40GP was $2200, an increase of $10 compared to the previous period. In early September, for ONE's Shanghai - Rotterdam sailings, the total quote for 20GP was $1654, a decrease of $460 compared to the previous period, and the total quote for 40GP was $2343, a decrease of $700 compared to the previous period [6] Global Freight Rate Index - The latest value of SCFIS for the European route was 1990.2 points, a decrease of 189.97 points or 8.71% compared to the previous value; the latest value of SCFIS for the US - West route was 1041.38 points, a decrease of 64.91 points or 5.87% compared to the previous value; and so on for other freight rate indices [7] Global Major Port Waiting Time - On August 25, 2025, the waiting time at Hong Kong Port was 0.452 days, a decrease of 0.112 days compared to the previous day; the waiting time at Shanghai Port was 1.800 days, a decrease of 0.120 days compared to the previous day; and so on for other ports [13] Ship Speed and Waiting Ship Quantity at Suez Canal - On August 25, 2025, the average speed of 8000 + container ships was 15.872 knots, an increase of 0.094 knots compared to the previous day; the average speed of 3000 + container ships was 14.742 knots, a decrease of 0.09 knots compared to the previous day; the average speed of 1000 + container ships was 13.385 knots, an increase of 0.143 knots compared to the previous day. The number of container ships waiting at the Suez Canal port anchorage was 18, a decrease of 3 compared to the previous day [23]