Report Summary 1. Report's Industry Investment Rating - Not provided in the given content. 2. Core Viewpoints of the Report - The global shipping market shows complex trends. The INDAMEX route of CMA CGM has changed its navigation path, and the FEWB and TAWB routes have different supply - demand and price situations. The European container shipping line's December contract is in the delivery month, and the market is verifying previous expectations. The future trend depends on the final announcement of the "late - month freight rate", especially the performance of freight rates in mid - to - late December [7][8]. 3. Summary by Relevant Catalogs 3.1 Shipping Freight Index - Current and Previous Values and Fluctuations: The current values of Shanghai Export Container Freight Composite Index (SCFI), China Export Container Freight Index (CCFI), SCFI - US West, SCFIS - US West, SCFI - US East, SCFI - Northwest Europe are 1398, 1115, 1550, 960, 2315, 1400 respectively, with corresponding previous values of 1403, 1122, 1632, N/A, 2428, 1404, and the percentage changes are - 0.39%, - 0.62%, - 5.02%, 1.18%, - 4.65%, - 0.28%. The current values of SCFIS - Northwest Europe and SCFI - Mediterranean are 1509 and 2300, with previous values of 1483 and 2232, and the percentage changes are 1.75% and 3.05% respectively [6]. 3.2 Shipping Futures Contracts - Contract Price and Fluctuations: For contracts such as EC2506, EC2608, EC2610, EC2512, EC2602, EC2604, the current values are 1217.3, 1356.0, 1028.2, 1669.8, 1615.3, 1077.7 respectively, with previous values of 1252.5, 1367.1, 1040.0, 1658.6, 1609.9, 1092.9, and the percentage changes are - 2.81%, - 0.81%, - 1.13%, 0.68%, 0.34%, - 1.39% [6]. - Contract Positions: The current positions of EC2606, EC2608, EC2610, EC2512, EC2602, EC2604 are 2197, 1598, 4071, 3394, 31466, 19613 respectively, with previous values of 2108, N/A, 3976, 3500, 32215, 19350, and the changes in positions are 89, 39, 95, - 106, - 749, 263 [6]. - Monthly Spread: The current values of 12 - 02, 12 - 04, 02 - 04 monthly spreads are 54.5, 592.1, 537.6 respectively, with previous values of 48.7, 565.7, 517.0, and the changes are 5.8, 26.4, 20.6 [6]. 3.3 Market News and Analysis - Route Changes: CMA CGM's INDAMEX route between India/Pakistan and the US East Coast will now pass through the Suez Canal, indicating a significant return of container ships to the Red Sea route [7]. - FEWB Route: In December, shipping companies strictly control capacity, with a blank - sailing rate of only 0.9%. Ship maintenance further reduces capacity. Ports in Northern Europe and the Mediterranean are congested, which extends ship turnover and increases rejections. Strong e - commerce demand supports freight rates, and shipping companies' General Rate Increases (GRI) drive the market up, with high prices expected during Christmas and the New Year [7]. - TAWB Route: Ports in Northern Europe (such as Rotterdam) and the Mediterranean are severely congested due to labor disputes, with yard utilization rates exceeding 90%. Many European countries also face container shortages [7]. - European Container Shipping Spot Price: In early December, MSK quoted 2500, HPL quoted 2350, CMA quoted 3550, etc. MSK issued a price - increase notice for January. In late December, MSK quoted 2400, HPL quoted 2050, CMA still quoted 3550 [8]. 3.4 Market Strategy - The recommended strategy is to wait and see [9].
航运衍生品数据日报-20251209
Guo Mao Qi Huo·2025-12-09 05:23