建信期货集运指数日报-20251114

Report Summary 1. Report Information - Report Title: Container Shipping Index Daily Report [1] - Date: November 14, 2025 [2] - Research Team: Macro Financial Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] 2. Investment Rating - No investment rating is provided in the report. 3. Core View - Although the actual demand may not support a large price increase, the freight rate is likely to form a bottom - up trend, and the bottom of the freight rate within the year may have appeared. It is recommended to pay attention to short - selling the off - season 04 contract on rallies [8]. 4. Summary by Directory 4.1 Market Review and Operation Suggestions - The SCFIS index rose 24.5% week - on - week to 1504.8 this week, better than expected. The price increase in the first half of November was well - implemented, but the second - half increase fell short. Shipping companies' quoted price increases in November and December were lower than before. The 12 - month contract is in a premium state, and the market is considering the price increase space and implementation. The 02 contract has strong expectations of the pre - Spring Festival shipping peak, driving up far - month contracts [8]. 4.2 Industry News - From November 3 to 7, the China export container shipping market was generally stable, with freight rates diverging by route. The comprehensive index declined slightly. China's exports in October decreased by 1.1% year - on - year in US dollars, and the growth rate slowed down compared to September. In the European route, the eurozone's composite PMI in October reached 52.5, but different countries had different economic performances. The freight rate in the European route declined after continuous increases, while the Mediterranean route's freight rate increased slightly. In the North American route, the US government shutdown has lasted for 36 days, and the freight rate dropped from a high level. The situation in northern Israel is tense, and Egypt has proposed a new plan [9][10]. 4.3 Data Overview - Container Shipping Spot Prices: The SCFIS European route index rose from 1208.71 to 1504.8, a 24.5% increase; the US - West route index rose from 1267.15 to 1329.71, a 4.9% increase [12]. - Container Shipping Index (European Line) Futures Quotes: The trading data of different contracts on November 13 are shown in Table 1, including opening price, closing price, settlement price, price change, and trading volume [6]. - Shipping - Related Data Charts: There are multiple charts showing data such as container ship capacity in Europe, global container ship orders, and shipping freight rates [13][18][19]