集装箱产业风险管理日报-20250924

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The price of the Container Shipping Index (European Line) futures (EC) first declined and then slightly increased in a volatile manner. As of the close, the prices of all EC contracts declined to varying degrees. Near the National Day holiday, some investors gradually closed their positions, and the trading sentiment was relatively calm. The spot cabin quotes of major shipping companies on the European line continued to decline, and the futures price valuation decreased slightly. In the short term, the futures price is likely to continue the volatile trend, and low - long opportunities for the 12 - contract can be continuously monitored, with an overall approach of waiting and watching or quick in - and - out trading [3]. 3. Summary by Relevant Catalogs EC Risk Management Strategy Recommendations - For those with positions but full capacity or poor booking volume and worried about freight rate decline, they can short the container shipping index futures (EC2510) to lock in profits at the entry range of 1100 - 1200 [2]. - For those with empty positions and hoping to prevent freight rate increase and fix booking costs, they can buy the container shipping index futures (EC2510) at the entry range of 900 - 1000 [2]. Core Contradiction - The EC2510 contract saw a reduction of 2531 long positions to 23345 and a reduction of 2882 short positions to 24440. The trading volume decreased by 16714 to 34452 (bilateral). The spot cabin quotes of major shipping companies on the European line continued to decline, and the futures price valuation decreased slightly. The futures price is likely to continue to fluctuate in the short term, and low - long opportunities for the 12 - contract can be monitored [3]. 利多解读 - Israel will prevent the "Global Resilience Fleet" from reaching the Gaza Strip, which may have an impact on shipping in the region [4]. 利空解读 - MSC and CMA CGM continued to lower the recent spot cabin quotes on the European line, and the market cargo volume was relatively insufficient. The daily changes in the EC basis showed different trends for different contracts [5]. EC Price and Spread - The closing prices, daily and weekly changes, and spreads of different EC contracts (EC2510, EC2512, etc.) are presented, showing different price trends and spread changes [7]. Container Shipping Spot Cabin Quotes - On October 2, Maersk's 20GP total quote for the Shanghai - Rotterdam route was $875, up $10 from the previous period, and the 40GP total quote was $1470, up $20. MSC's 20GP total quote decreased by $60 to $890, and the 40GP total quote decreased by $100 to $1490. Hapag - Lloyd's 20GP total quote was adjusted down by $50 to $935, and the 40GP total quote was adjusted down by $100 to $1435 [9]. Global Freight Rate Index - The SCFIS, SCFI, XSI, and FBX comprehensive freight rate indices for European and US - West routes all showed declines, with the SCFIS European route down 12.87%, the SCFIS US - West route down 11.57%, etc. [10]. Global Major Port Waiting Times - The waiting times of ports such as Hong Kong, Shanghai, and Yantian decreased on September 23 compared with September 22, while the waiting times of Long Beach and Savannah increased [16]. Ship Speed and Number of Container Ships Waiting at Suez Canal Ports - The speeds of 8000 +, 3000 +, and 1000 + container ships all decreased on September 23 compared with September 22, and the number of ships waiting at the Suez Canal port anchorages decreased from 25 to 15 [24].