Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-08-29 11:15Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - The freight rates are still suppressed by the fundamentals in the short term. With the demand not significantly improved, over - capacity remains a huge pressure on the supply side in the future, limiting the recovery space of shipping prosperity. The freight and industry profitability are expected to be under pressure, and the traditional peak season this year may show the characteristic of "not prosperous in the peak season", with freight rates expected to fluctuate weakly [6][7][41] Group 3: Summary by Directory 1. Market Review - This week, most of the futures prices of the Container Shipping Index (European Line) declined. The main contract EC2510 closed down 4.76%, and the far - month contracts fell between 4% and 7%. The latest SCFIS European Line settlement freight rate index was 2180.17, down 55.31 points from last week, a month - on - month decrease of 2.5%. The current SCFI European Line recorded 1668 last Friday, further dropping 152, with a weekly decline of 8.35%. The continuous decline of spot indicators drove down the futures prices. The trading volume and open interest of the EC2510 contract declined this week [6][10][14] 2. News Review and Analysis - The EU Commission proposed two legislative proposals to implement the EU - US joint statement on tariffs. The EU will cancel some tariffs on US industrial products, give preferential market access to some seafood and non - sensitive agricultural products, and extend the duty - free treatment for lobsters. The US will reduce the tariffs on EU automobiles and parts from 27.5% to 15% and implement zero or near - zero tariffs on some products from September 1st, which is bullish for the market [17] - US President Trump said that trade agreements with the EU, Japan, and South Korea were completed and that he would impose high tariffs on imported furniture, which is neutral to bearish [17] - New York Fed President Williams said it was appropriate to cut interest rates at the right time, which is bullish [17] - The Trump administration outlined a plan to impose 50% tariffs on Indian products, which is bearish [17] 3. Weekly Market Data - This week, the basis and spread of the Container Shipping Index (European Line) futures contracts converged. The export container freight rate index declined. The container shipping capacity decreased in the short term. The BDI and BPI rebounded due to geopolitical factors. The charter price of Panamax ships rebounded rapidly, and the spread between the offshore and on - shore RMB against the US dollar fluctuated mainly [24][26][30] 4. Market Outlook and Strategy - This week, the futures prices of the Container Shipping Index (European Line) mostly declined. The continuous decline of spot indicators drove down the futures prices. The "price war" made the fundamentals under continuous pressure. The US employment data was far below expectations, and the interest - rate cut expectation soared. The internal demand in the eurozone was weak. Overall, freight rates are expected to fluctuate weakly. It is necessary to continuously monitor factors such as the actual follow - up increase of the shipping companies' opening prices in December, the frequency of Houthi attacks, and trade war - related information [40][41]