建信期货集运指数日报-20251118

1. Report Information - Report Title: Container Shipping Index Daily Report [1] - Date: November 18, 2025 [2] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] 2. Core View - The expectation of the pre - Spring Festival shipping rush further fermented in the February contract, while the December contract was weak due to the under - expected price increase. The spot SCFIS index fell 9.8% week - on - week to 1357.67. Shipping companies have not formed a unified price - support force, but the far - month price increase expectation exists and has fermented in advance, which may lead to over - valuation of the 04 contract. Attention should be paid to the positive spread trading opportunity between 02 - 04 contracts [8]. 3. Content Summary by Sections 3.1 Market Review and Operation Suggestions - The last trading day of the February contract was set as February 9 by the Shanghai Futures Exchange after the market closed on Friday. The December contract was weak due to under - expected price increase, while the February contract was affected by the pre - Spring Festival shipping rush expectation. The SCFIS index fell 9.8% week - on - week. Shipping companies' online quotes changed little, and the price increase of shipping companies was difficult to implement. There is a positive spread trading opportunity between 02 - 04 contracts [8]. 3.2 Industry News - From November 10 to 14, the China export container shipping market was generally stable, with the comprehensive index slightly falling. The industrial production grew in October, and the equipment and high - tech manufacturing sectors performed well. The Shanghai Export Containerized Freight Index fell 2.9% on November 14. The European route's spot price rose 7.1%, the Mediterranean route's price was stable, and the North American route's price fell. There were also geopolitical issues related to Israel and Palestine, and the Turkish - Israeli conflict [9][10]. 3.3 Data Overview - Container Shipping Spot Prices: The SCFIS for the European route fell 9.8% week - on - week to 1357.67, and for the US West route fell 6.9% week - on - week to 1238.42 [12]. - Container Shipping Index (European Line) Futures Market: The trading data of EC2512, EC2602, EC2604, EC2606, EC2608, and EC2610 contracts on November 17 were provided, including opening price, closing price, settlement price, price change, and trading volume [6]. - Shipping - Related Data Charts: There were charts showing the container ship capacity in Europe, global container ship orders, Shanghai - Europe basic port freight rates, and Shanghai - Rotterdam spot freight rates [18][23].