集运早报-20251105

Group 1: Report Overview - The report is a container shipping morning report released on November 5, 2025, by the energy and chemical team of the research center [2] Group 2: Futures Market Analysis Futures Contracts - EC2512 closed at 1909.9 with a 3.14% increase, EC2602 at 1593.7 with a 0.09% increase, EC2604 at 1190.0 with a 0.47% increase, EC2606 at 1411.0 with a 0.75% increase, EC2608 at 1485.0 with a 0.10% increase, and EC2610 at 1135.0 with a 0.38% decrease [2] Month - to - Month Spreads - EC2512 - 2504 spread was 719.9, up 52.6 from the previous day and 123.7 week - on - week; EC2512 - 2602 spread was 316.2, up 56.7 from the previous day and 112.8 week - on - week; EC2502 - 2604 spread was 403.7, down 4.1 from the previous day and up 10.9 week - on - week [2] Group 3: Spot Market Analysis Spot Indices - SCFI (European Line) on November 3, 2025, was 1208.71 points, down 7.92% from the previous period; CCFI on October 31, 2025, was 1323.81, up 2.37% from the previous period; NCFI on October 31, 2025, was 965.62, up 17.43% from the previous period [2] European Line Spot Quotes - In early November, PA's price dropped to $1700 - 1900, GEMIN to $2100 - 2200, and OA to $2250, with an average of about $2050 (equivalent to 1430 points on the disk) [4] Group 4: Market Outlook and Strategies - The 12 - contract has multiple positive drivers but high valuation, and it is recommended to buy on dips [3] - The 02 - contract's valuation is hard to anchor, and it is expected to follow the 12 - contract in the next month [3] - The 04 - contract is a off - season contract, and it is recommended to sell on rallies considering future supply pressure, off - season factors, and potential resumption of shipping [3] Group 5: News and Events - On October 31, Israel attacked Gaza for the third consecutive night, impacting the cease - fire agreement; on November 2, the Houthi armed forces said they would respond strongly to any Israeli aggression [5] - On November 4, the MSK price increase news and the price increase letters from HPL and MSC drove the main contract to strengthen significantly, and the far - month contracts were slightly driven up by the near - month contracts [2][3] - On November 5, MSC and HPL issued price increase letters for the second half of November, announcing price increases to $3000 and $3100 per FEU respectively [4]