建信期货集运指数日报-20250903

Report Overview - Report Title: Container Shipping Index Daily Report [1] - Date: September 3, 2025 [2] - Research Team: Macro Financial Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] 1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The SCFIS has fallen below 1800 points for seven consecutive weeks, and the online quotes in the first half of September have been further reduced. The price shows a characteristic of smooth decline in the off - season, putting pressure on the October contract. However, the current main October contract has a deep discount, and today's oversold rebound may be boosted by the expectation of adding empty sailings during the National Day. Attention should be paid to whether the marginal benefits will continue and materialize to help stabilize. The December contract may have low - buying opportunities, while the October contract is recommended to be short - allocated on rallies [8] 3. Summary by Directory 3.1 Market Review and Operation Suggestions - The SCFIS has dropped below 1800 points for seven consecutive weeks, and the online quotes in early September have been further reduced. The price of the Shanghai - Rotterdam route shows a smooth decline in the off - season, exceeding market expectations and pressuring the October contract. The main October contract has a deep discount, and today's rebound may be due to the expectation of adding National Day empty sailings. The 10 - contract is recommended to be short - allocated on rallies, while the 12 - contract may have low - buying opportunities [8] 3.2 Industry News - From August 25th to 29th, the overall Chinese export container shipping market was stable, with different routes showing differentiated trends. The comprehensive index rose slightly. The European and Mediterranean routes saw a decline in freight rates due to weak economic indicators and lack of demand growth momentum. The North American route had a rebound in freight rates as the US economy showed strong performance. There were also geopolitical events in the Middle East, including Israeli attacks on Houthi officials in Yemen, leading to threats of retaliation and an escalation of the conflict between Yemen and Iran. The US State Department made a statement regarding the Palestinian Authority [9][10] 3.3 Data Overview 3.3.1 Container Shipping Spot Prices - The SCFIS for the European route (basic ports) on September 1, 2025, was 1773.6, down 216.6 (-10.9%) from August 25th. The SCFIS for the US - West route (basic ports) was 1013.9, down 27.48 (-2.6%) from August 25th [12] 3.3.2 Container Shipping Index (European Line) Futures Market - Multiple figures related to the container shipping index (European line) futures market are provided, including the trends of the main and secondary main contracts, shipping - related data such as European container ship capacity, global container ship orders, and Shanghai - Europe basic port freight rates [17][21] 3.3.3 Trading Data of Container Shipping European Line Futures on September 2 | Contract | Previous Settlement Price | Opening Price | Closing Price | Settlement Price | Change | Change (%) | Volume | Open Interest | Open Interest Change | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | EC2510 | 1,293.8 | 1,290.2 | 1,340.7 | 1,364.5 | 46.9 | 3.62 | 77948 | 54157 | 1886 | | EC2512 | 1,621.9 | 1,640.9 | 1,733.5 | 1,755.1 | 111.6 | 6.88 | 28247 | 16673 | 178 | | EC2602 | 1,439.5 | 1,478.0 | 1,550.1 | 1,571.7 | 110.6 | 7.68 | 7124 | 5599 | 753 | | EC2604 | 1,230.5 | 1,220.0 | 1,246.9 | 1,273.6 | 16.4 | 1.33 | 3304 | 7199 | 130 | | EC2606 | 1,407.4 | 1,421.8 | 1,438.9 | 1,472.3 | 31.5 | 2.24 | 715 | 969 | 79 | | EC2608 | 1,599.5 | 1,635.0 | 1,603.1 | 1,648.1 | 3.6 | 0.23 | 153 | 298 | 24 | [6]