集运指数日报-20250919

Report Information - Report Title: Container Shipping Index Daily Report [1] - Date: September 19, 2025 [2] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] Investment Rating - Not provided 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 decline in freight rates shows characteristics of a smooth downward trend in the off - season, and the decline has further expanded. There is a low - long opportunity in the December contract, and the October contract is recommended to be short - allocated on rallies [8]. Summary by Section 1. Market Review and Operation Suggestions - This week, the SCFIS dropped below 1500 points for nine consecutive weeks. Online quotes in the second half of September were further reduced, with the lowest price breaking through $1600 per 40 - foot container. The price of major shipping companies showed a smooth downward trend in the off - season, and the decline expanded. The current empty - sailing scale is not significantly higher than last year, while the overall shipping capacity has increased. There may be an opportunity to go long in the December contract, and the October contract is recommended to be short - allocated on rallies [8]. 2. Industry News - From September 8th to 12th, the China Export Container Shipping Market was basically stable, with freight rates falling on most routes, dragging down the comprehensive index. In August, China's exports increased by 4.4% year - on - year. The Shanghai Export Containerized Freight Index on September 12th was 1398.11 points, down 3.2% from the previous period. In the European route, China's exports to Europe increased by 10.4% year - on - year in August, and the trade volume with the EU in the first eight months increased by 4.3% year - on - year. In the Mediterranean route, the spot booking price continued to decline. In the North American route, the US employment market slowed down significantly, and China's exports to the US decreased by more than 30% year - on - year in August, but the market freight rates continued to rise. The Middle East situation has become tense again [9][10]. 3. Data Overview 3.1 Container Shipping Spot Prices | Route | 2025/9/15 | 2025/9/8 | Change | MoM (%) | |--|--|--|--|--| | SCFIS: European Route (Base Ports) | 1440.24 | 1566.46 | - 126.22 | - 8.1% | | SCFIS: US West Route (Base Ports) | 1349.84 | 980.48 | 369.36 | 37.7% | [12] 3.2 Container Shipping Index (European Line) Futures Market - Trading data of container shipping European line futures on September 18th are provided, including contract details such as EC2510, EC2512, etc., with information on previous settlement price, opening price, closing price, settlement price, change, change rate, trading volume, open interest, and open interest change [6]. 3.3 Shipping - Related Data Charts - Charts include the container ship capacity in Europe, global container ship orders on hand, Shanghai - European base port freight rates, and Shanghai - Rotterdam spot freight rates [17][19]