瑞达期货集运指数（欧线）期货日报-20251203

Report Summary 1. Report Industry Investment Rating - No information provided regarding the industry investment rating. 2. Core Viewpoints - On Wednesday, the freight index (European line) futures prices rose slightly, with the main contract EC2602 closing up 0.92% and far - month contracts rising between 1 - 2%. Shipping companies' planned price hikes in late December drove up the futures prices. The latest SCFIS European line settlement freight index was 1483.65, down 155.72 points from last week but up 9.5% month - on - month. China's manufacturing PMI in November showed a slight recovery, and the new export orders index rose to 47.9, indicating a pre - Christmas recovery in terminal transport demand. Spot freight rates from Maersk and MSC increased slightly. Geopolitical conflicts remained deadlocked, while Germany's economic performance boosted market confidence in the eurozone. The current freight market is highly influenced by news, and futures prices are expected to fluctuate more. Investors are advised to be cautious and control risks [2]. 3. Summary by Directory 3.1 Futures Market - Futures Prices: EC main contract closed at 1083.100, up 9.1; EC secondary main contract closed at 1254.5, up 21.30. The price difference between EC2602 - EC2604 was - 5.10 lower at 457.00, and the price difference between EC2602 - EC2606 was - 15.40 lower at 285.60. The EC contract basis was - 161.62 lower at - 56.45 [2]. - Futures Positions: The main EC contract's open interest decreased by 156 to 18997 hands [2]. 3.2 Spot Market - Spot Freight Index: SCFIS (European line) weekly was 1483.65, down 155.72; SCFIS (US West line) weekly was 948.77, down 159.08; SCFI (composite index) weekly was 1403.13, up 9.57; CCFI (composite index) weekly was 1121.80, down 0.99; CCFI (European line) weekly was 1449.34, up 16.38 [2]. - Other Spot Indicators: The Baltic Dry Index daily was 2600.00, down 17.00; the Panamax Freight Index daily was 1915.00, up 19.00. The average charter price for Panamax ships was 17695.00, unchanged; the average charter price for Capesize ships was 36180.00, down 860.00 [2]. 3.3 Industry News - Geopolitical News: China and Russia held strategic security consultations, reaching new consensus on major strategic security issues. The US and Ukraine held high - level talks to improve the peace plan. The OECD predicted that the global economic growth rates for this year and next would be 3.2% and 2.9% respectively, with the US economy expected to grow 2% and 1.7%, and the eurozone economy 1.3% and 1.2% [2]. 3.4 Key Points to Watch - On December 4th, key data includes the eurozone's October retail sales month - on - month rate at 18:00, the US November Challenger job - cuts in thousands at 20:30, and the US initial jobless claims for the week ending November 29th in thousands at 21:30 [2].