Shanghai Lonyer(SH:603003) Nan Hua Qi Huo·2025-10-09 12:02Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints - Today, the futures price of the Container Shipping Index (European Line) (EC) opened lower, declined, and then fluctuated upwards. By the close, all EC contracts' prices had declined to varying degrees, with the 02 and 06 contracts dropping by over 10%. [3] - The initial low - opening and decline of today's futures price were mainly due to the preliminary agreement on the Gaza cease - fire negotiation, which negatively affected market sentiment and caused the futures price, especially that of the far - month contracts, to fall. Additionally, Maersk's announcement of the European Line booking quotes for late October, which were the same as the previous week's, led to a recovery in the futures price. [3] - In the short term, the futures price is likely to continue fluctuating. However, given past precedents, the Gaza cease - fire process may be volatile, so relevant situations need close attention. Strategically, it is advisable to mainly adopt a wait - and - see approach or conduct intraday short - term operations. [3] 3. Summary by Relevant Catalogs EC Risk Management Strategy Suggestions - Position Management: For those who have already obtained positions but have full capacity or poor booking volumes and are worried about falling freight rates (long position), they can short the container shipping index futures (EC2512) to lock in profits at an entry range of 1750 - 1800. [2] - Cost Management: When shipping companies increase the frequency of blank sailings or when the peak season is approaching, and they hope to book cabins according to order situations (short position), they can buy the container shipping index futures (EC2512) at an entry range of 1550 - 1600 to prevent rising freight rates from increasing transportation costs. [2] Market Data - EC Contracts' Price and Position Data: The EC2510 contract's long - position holders reduced their positions by 2031 lots to 12580 lots, and short - position holders reduced by 1651 lots to 13367 lots. The trading volume increased by 3842 lots to 20660 lots (bilateral). [3] - EC Contracts' Closing Prices and Changes: On October 9, 2025, EC2510 closed at 1119.9 points, up 0.84% daily and 0.49% weekly; EC2512 closed at 1688.0 points, down 2.53% daily and 0.50% weekly; EC2602 closed at 1406.0 points, down 14.41% daily and 11.47% weekly; EC2604 closed at 1119.9 points, down 9.95% daily and 11.19% weekly; EC2606 closed at 1277.5 points, down 13.05% daily and 11.61% weekly; EC2608 closed at 1438.6 points, down 9.85% daily and 9.73% weekly. [7] - Global Freight Rate Index: SCFIS for the European route was 1046.5 points, down 73.99 points or 6.60% from the previous value; for the US - West route, it was 876.82 points, down 44.43 points or 4.82%. SCFI for the European route was $971/TEU, down $81 or 7.70%; for the US - West route, it was $1460/FEU, down $176 or 10.76%. XSI for the European route was $1783/FEU, down $53 or 2.89%; for the US - West route, it was $1768/FEU, down $4 or 0.2%. The FBX comprehensive freight rate index was $1613/FEU, down $25 or 1.53%. [10] - Container Shipping Quotes: On October 24, Maersk's total quotes for 20GP and 40GP from Shanghai to Rotterdam were $1080 and $1800 respectively, the same as the previous week's opening quotes. [9] - Global Major Ports' Waiting Times: On October 8, 2025, the waiting time at Hong Kong Port was 1.543 days, up 0.097 days from the previous day; Shanghai Port was 0.821 days, down 0.322 days; Yantian Port was 1.516 days, down 0.315 days; Singapore Port was 0.620 days, up 0.109 days; Jakarta Port was 1.112 days, down 0.031 days; Long Beach Port was 2.209 days, up 0.002 days; Savannah Port was 1.583 days, up 0.565 days. [17] - Container Ship Speeds and Waiting Ships in Suez Canal: On October 8, 2025, the average speed of 8000 + container ships was 15.55 knots, up 0.067 knots from the previous day; 3000 + container ships was 14.941 knots, up 0.066 knots; 1000 + container ships was 13.276 knots, up 0.064 knots. The number of ships waiting at the Suez Canal port anchorages was 8, down 6 from the previous day. [25]