银河期货航运日报-20251210

Group 1: Report Overview - The report is a shipping daily report dated December 10, 2025, released by the Commodity Research Institute of Galaxy Futures [1][2] Group 2: Futures Market Futures Contracts - On December 10, 2025, the closing price of EC2602 was 1665.2 points, up 2.8% from the previous day's closing price. Other contracts also showed different price changes and volume - position changes [3] Month - spread Structure - The price differences between different contracts (such as EC12 - EC02, EC02 - EC04) had different changes, with some narrowing and some widening [3] Container Freight Rates - The SCFIS European line index was 1509.10 points on December 10, 2025, with a week - on - week increase of 1.72% and a year - on - year decrease of 50.24%. Other container freight rates also showed different changes [3] Fuel Costs - The price of WTI crude oil near - month was $58.30 per barrel, with a week - on - week decrease of 0.51% and a year - on - year decrease of 14.48%. The price of Brent crude oil near - month was $61.82 per barrel, with a week - on - week decrease of 0.63% and a year - on - year decrease of 13.9% [3] Group 3: Market Analysis and Strategy Recommendation Market Analysis - In the second half of December, the freight rate center increased compared with the first half, and the expectation of a price increase in January was still fermenting. The EC2602 contract valuation was gradually higher than the EC2512 contract, and the EC market continued to strengthen in a volatile manner [5] - The latest SCFIS European line index was slightly lower than market expectations, mainly due to some shipping companies' container dumping and shipping schedule delays at the end of November [5] - The spot freight rate situation improved recently. Different shipping companies had different price quotes for the second half of December and January. The demand in December - January was expected to improve, and the supply pressure of ship capacity was slightly relieved [6] Strategy Recommendation - For the single - side strategy, partially take profit and partially hold the long positions of the EC2602 contract, and pay attention to the rhythm of shipping companies' price increase announcements and cargo volume improvement [7] - For the arbitrage strategy, adopt a wait - and - see approach [7] Group 4: Industry News - According to Politico, US President Trump may adjust tariffs to reduce the prices of some commodities [7] - In the coming week, multiple ports in Europe will face strikes. Italy will have a national general strike on December 12, and Portugal will have its first national general strike in 12 years on December 11 [9] Group 5: Related Attachments - The report provides multiple figures, including the SCFIS European line index, SCFIS US - West line index, SCFI comprehensive index, and container freight rates for different routes [11][12][15]