Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-12-09 10:00Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The freight rate market is currently influenced by news, and the futures price is expected to fluctuate more severely. Investors are advised to be cautious, pay attention to the operation rhythm and risk control, and track geopolitical, capacity, and cargo volume data in a timely manner [1]. - The improvement of the trade - war situation, the substantial easing of the geopolitical conflict, and the arrival of the fourth - quarter shipping peak season also have certain impacts [1]. 3. Summary by Relevant Catalogs 3.1 Market Data - Futures Data: The EC2602 main contract of the container shipping index (European line) futures closed up 1.17%, and the far - month contracts closed down between 1 - 2%. The EC2602 - EC2604 spread increased by 8.60 to 546.20, and the EC2602 - EC2606 spread was 400.70. The EC contract basis was - 110.70, down 4.50. The main contract's open interest decreased by 753 to 30713 hands [1]. - Spot Price Data: The latest SCFIS European line settlement freight rate index was 1509.10, up 25.45 points from last week, a 1.7% week - on - week increase. The SCFI (composite index) decreased by 5.50 to 1397.63, and the CCFI (composite index) decreased by 6.91 to 1114.89. The CCFI (European line) decreased by 1.78 to 1447.56. The Baltic Dry Index decreased by 33.00 to 2727.00, and the Panamax Freight Index decreased by 24.00 to 1837.00. The average charter price of Panamax ships remained unchanged at 16670.00, and that of Capesize ships decreased by 400.00 to 37465.00 [1]. 3.2 Industry News - The Politburo of the CPC Central Committee held a meeting to analyze and study the economic work in 2026, emphasizing stable progress and quality improvement in next year's economic work [1]. - US President Trump plans to sign an AI regulatory executive order and launch a long - awaited agricultural aid program worth $12 billion. He also claims that the US inflation problem is basically solved [1]. - Ukrainian President Zelensky held talks with European leaders on a new peace plan for the Ukraine crisis, reaching consensus on security guarantees, post - war reconstruction, and future defense support [1]. 3.3 Market Analysis - Shipping companies' price increases in late December drove up the container shipping index (European line) futures price. The new export order index in China's manufacturing PMI data in November recovered to 47.9, indicating a pre - Christmas recovery in terminal transportation demand [1]. - In the spot freight market, Maersk's 51 - week opening quotes for large containers were between 2300 - 2400 US dollars, and MSC's online quotes were raised to 2665 US dollars [1]. - Geopolitically, the Russia - Ukraine conflict is in a stalemate, with reduced Western aid to Ukraine. Germany's economic recovery and potential fiscal expansion policies may boost market confidence in the eurozone [1]. 3.4 Key Events to Follow - China's November CPI annual rate on December 10 at 09:30 [1]. - The US third - quarter labor cost index quarterly rate on December 10 at 21:30 [1].