马士基WEEK44周报价开出，期货合约交易限额调整今日生-20251015

1. Report Industry Investment Rating No information provided in the given content. 2. Core Viewpoints of the Report - For the October contract, the valuation is becoming clearer. Attention should be paid to the actual freight - booking prices in the second half of the month after the holiday. The uncertainty lies in the actual implementation of price increases in the second half of October. The final delivery and settlement price is expected to be around 1130 - 1140 [5][6]. - For the December contract, since it is far from delivery, trading focuses on the rhythm. The shipping companies will adjust the supply to keep freight rates high for the next - year long - term contract negotiation. The trading rhythm involves trading price - increase expectations and actual implementation of price - increase letters [6]. - The February 2026 contract may have a large expected difference, but it is currently suppressed by the expectation of resumed voyages [7]. - The strategy suggests going short on the October contract and expecting the December contract to be oscillating upward. There is no arbitrage strategy at present [9]. 3. Summary According to Relevant Catalogs 3.1 Futures Prices - As of October 14, 2025, the total open interest of all container shipping index European line futures contracts is 66,064.00 lots, and the daily trading volume is 69,843.00 lots. The closing prices of EC2602, EC2604, EC2606, EC2608, EC2510, and EC2512 contracts are 1464.40, 1150.00, 1318.80, 1450.00, 1136.20, and 1674.10 respectively [7]. 3.2 Spot Prices - Different shipping companies have different price quotes and price - increase letters. For example, Maersk's Shanghai - Rotterdam WEEK43 quote is 1095/1830, and WEEK44 is 1080/1800. HPL plans to increase the price to 1200/2000 after October 15 and has different price quotes for different periods in November [1]. - Some shipping companies have adjusted their prices in the second half of October. For example, OOCL in the OA alliance lowered its price to 1850 US dollars/FEU, YML in the PA alliance to 1700 US dollars/FEU, and HPL in the Gemini alliance to 1935 US dollars/FEU [5]. 3.3 Container Ship Capacity Supply - From the remaining three weeks of October to December, the average weekly capacity of China - European base ports shows different trends. In October, the average weekly capacity is 276,100 TEU, in November it is 302,800 TEU, and in December it is 287,700 TEU. There are 4 blank sailings and 3 TBNs in November, and 7 TBNs in December [3]. - As of October 12, 2025, 210 container ships have been delivered in 2025, with a total capacity of 1.704 million TEU. Among them, 64 ships with a capacity of 12,000 - 16,999 TEU have been delivered, with a total capacity of 963,800 TEU, and 10 ships with a capacity of over 17,000 TEU have been delivered, with a total capacity of 218,840 TEU [8]. 3.4 Supply Chain - The Chinese Ministry of Commerce has imposed sanctions on Hanwha Ocean Co., Ltd. and its 5 US - related subsidiaries. Since HMM and Hanwha Ocean have the same top - level controlling party, whether HMM's operations will be affected is unknown [4]. 3.5 Demand and European Economy No specific analysis content provided in the given text about this part, only some related figure references are given.