建信期货集运指数日报-20251210

Report Information - Report Title: Container Shipping Index Daily Report [1] - Date: December 10, 2025 [2] - Research Team: Macro Financial Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] Industry Investment Rating - Not provided Core Viewpoints - The SCFIS index rebounded slightly this week, and shipping companies' price hikes boosted market sentiment. There may be an incentive game for the pre - Spring Festival shipping rush. It's hard to prove if the EC2602 contract is overvalued in the short term, and short - selling has low cost - effectiveness. Attention should be paid to the possibility of the off - season April contract being overvalued and the positive spread trading opportunity between EC2602 and EC2604 [8] Summary by Directory 1. Market Review and Operation Suggestions - Spot market: The SCFIS index rebounded slightly this week. Shipping companies like Maersk, HPL, and Premier Alliance announced price hikes, which may boost the pre - Spring Festival price increase expectation. It's hard to prove the overvaluation of the EC2602 contract in the short term, and short - selling has low cost - effectiveness. Attention should be paid to the overvaluation possibility of the April contract and the positive spread trading opportunity between EC2602 and EC2604 [8] 2. Industry News - From December 1 to 5, the China export container shipping market was stable. The comprehensive index declined slightly, with different trends in various routes. The eurozone's economic recovery was weak, the US economic recovery outlook was not optimistic, and shipping companies like Maersk and Hapag - Lloyd announced PSS increases. There were also political and military news related to the Middle East and shipping route news about Maersk's potential return to the Red Sea - Suez Canal [9][10] 3. Data Overview 3.1 Container Shipping Spot Prices - On December 8, 2025, compared with December 1, the SCFIS for the European route increased by 25.45 points (1.7%), and for the US West route increased by 11.74 points (1.2%) [12] 3.2 Container Shipping Index (European Route) Futures Market - Provided the trading data of container shipping European route futures on December 9, including contract information such as EC2512, EC2602, etc., with details on opening price, closing price, settlement price, etc. [6] 3.3 Shipping - Related Data Charts - Included charts of European container ship capacity, global container ship orders, Shanghai - Europe basic port freight rates, etc. [19][23]