Report Summary 1. Industry Investment Rating No industry investment rating information is provided in the report. 2. Core Viewpoints - The overall pattern in September is loose, and the driving force is weak for at least the next two weeks. The decline in October depends on shipping companies' suspension of voyages, but the valuation is close to the annual low (1250 - 1300), with limited downside space. - The December contract follows the downward trend in the short - term, but considering the peak season and long - term contract negotiation season, investors can look for low - buying opportunities [1]. 3. Summary by Related Content EC Futures Contract Information | Contract | Yesterday's Closing Price | Change (%) | Basis | Yesterday's Trading Volume | Yesterday's Open Interest | Open Interest Change | | --- | --- | --- | --- | --- | --- | --- | | EC2510 | 1300.7 | - | 472.9 | 25760 | 49963 | -1983 | | EC2512 | 1676.0 | -1.48 | 97.6 | 9231 | 16447 | 61 | | EC2602 | 1518.7 | -1.00 | 254.9 | 1479 | 5653 | -122 | | EC2604 | 1247.8 | -0.53 | 525.8 | 645 | 7306 | - | | EC2606 | 1443.0 | - | 330.6 | 87 | - | -15 | [1] Month - to - Month Spread Information | Month Spread | Previous Day | Two Days Ago | Three Days Ago | Day - on - Day Change | Week - on - Week Change | | --- | --- | --- | --- | --- | --- | | EC2510 - 2512 | -375.3 | -378.2 | -392.8 | - | -7.6 | | EC2512 - 2602 | 157.3 | 167.2 | 183.4 | - | 2.7 | [1] Index Information | Index | Update Frequency | Announcement Date | Unit | Current Period | Previous Period | Current Period Change | Previous Period Change | | --- | --- | --- | --- | --- | --- | --- | --- | | - | Weekly | 2025/9/1 | Points | 1773.6 | 1990.20 | -10.88% | -8.71% | | SCFI (European Line) | Weekly | 2025/8/29 | USD/TEU | 1481 | 1668 | -11.21% | -8.5% | | CCFI (European Line) | Weekly | 2025/8/29 | Points | 1685.8 | 1757.74 | -4.09% | -1.83% | | NCFI (European Line) | Weekly | 2025/8/29 | Points | 929.56 | 1083.74 | -14.23% | -8.83% | [1] Shipping Capacity Information - As of 9/4 update, during the National Day holiday (week40 - 41), the shipping capacity will be reduced to 310,000 and 237,000 TEU respectively. The weekly average in October is 289,000 TEU. After considering all TBN as suspended voyages, the shipping capacity in September and October is 296,000 and 260,000 TEU respectively [2]. Recent European Line Quotation Information - Week37: The average quotation is 2100 US dollars (equivalent to 1450 points). MSK quoted 1900 US dollars (later rose to 1950), PA 2100 - 2150, OA 2100 - 2300. - Week38: The average quotation is 1870 US dollars (equivalent to 1300 points). MSK quoted 1700 US dollars (later rose to 1740), PA&MSC 1800 - 2000, OA 1850 - 2020. - On Wednesday, YML quoted 1800 US dollars for the second half of September and the first half of October offline. - On Thursday, CMA reduced the price by 200 to 2220 US dollars, HPL by 200 to 1735, OOCL by 100 to 1850. EMC quoted 1900 US dollars offline, and HMM quoted 1900 (1700 for one route) [3].
集运早报-20250905
Yong An Qi Huo·2025-09-05 05:21