建信期货集运指数日报-20250917

Report Information - Report Title: Container Shipping Index Daily Report [1] - Date: September 17, 2025 [2] - Research Team: Macro Financial Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] Report Industry Investment Rating - Not provided in the content Core Viewpoints - The SCFIS has fallen below 1500 points for nine consecutive weeks, and online quotes in the second half of September have been further reduced. The price shows a smooth downward trend in the off - season with an enlarged decline. There may be low - buying opportunities in December, and the October contract is recommended to be short - allocated on rallies [8] Summary by Directory 1. Market Review and Operation Suggestions - The SCFIS has dropped below 1500 points for nine consecutive weeks, and online quotes in the second half of September have been further cut. For example, Maersk's quotes for the Shanghai - Rotterdam route in the third and fourth weeks of September decreased by about $400 compared to the first half of the month, and OOCL's quotes dropped by about $200. The overall shipping capacity has increased while the scale of blank sailings is not significantly higher than last year. There may be low - buying opportunities in December, and the October contract is advised to be short - allocated on rallies [8] 2. Industry News - From September 8th to 12th, the China Export Container Shipping Market was basically stable, but most route freight rates declined, dragging down the comprehensive index. In August, China's exports increased by 4.4% year - on - year. The Shanghai Export Container Comprehensive Freight Index on September 12th was 1398.11 points, down 3.2% from the previous period. For the European route, China's exports to Europe increased by 10.4% year - on - year in August, and the freight rate on September 12th was $1154/TEU, down 12.2% from the previous period. The Mediterranean route showed a similar downward trend. For the North American route, the US employment market slowed down significantly in August, and China's exports to the US decreased by more than 30% year - on - year in August, but the freight rates from Shanghai Port to the US West and East increased by 8.3% and 7.6% respectively. The Middle East situation has become tense again, with intensified conflicts between Israel and relevant parties [9][10] 3. Data Overview 3.1 Container Shipping Spot Prices - From September 8th to 15th, the SCFIS for the European route decreased from 1566.46 to 1440.24, a decrease of 8.1%, while the SCFIS for the US West route increased from 980.48 to 1349.84, an increase of 37.7% [12] 3.2 Container Shipping Index (European Line) Futures Market - Transaction data for September 16th shows that for the EC2510 contract, the closing price was 1169.7, down 0.10% from the previous settlement price; for the EC2512 contract, the closing price was 1673.8, up 2.04%; for the EC2602 contract, the closing price was 1572.1, up 3.36%; for the EC2604 contract, the closing price was 1283.7, up 2.69%; for the EC2606 contract, the closing price was 1471.6, up 3.25%; for the EC2608 contract, the closing price was 1625.9, up 1.84% [6] 3.3 Shipping - Related Data Charts - The content provides charts on container ship capacity in Europe, global container ship orders, Shanghai - Europe basic port freight rates, and Shanghai - Rotterdam spot freight rates, but specific data is not further described in the text [17][19]