建信期货集运指数日报-20251212

Report Information - Report Title: Container Shipping Index Daily Report [1] - Date: December 12, 2025 [2] - Research Team: Macro Financial Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] Core Viewpoints - The SCFIS index rebounded slightly this week, and shipping companies announced price increases, boosting the market's price - increase sentiment. The 02 contract's over - valuation is difficult to prove in the short term, and short - selling has low cost - effectiveness. Attention should be paid to the possible over - valuation of the April contract in the off - season and the positive spread trading opportunity between 02 - 04 contracts [8] Content Summary by Section 1. Market Review and Operation Suggestions - Spot market: The SCFIS index rebounded slightly this week. Shipping companies such as Maersk, HPL, and Premier Alliance announced price increases, which may boost the market's pre - Spring Festival price - increase expectations. The over - valuation of the 02 contract is hard to verify in the short term, and short - selling is not cost - effective. Attention should be paid to the possible over - valuation of the April contract and the positive spread trading opportunity between 02 - 04 contracts [8] 2. Industry News - From December 1st to 5th, the China export container shipping market was stable. The comprehensive index declined slightly. The manufacturing PMI in November showed an improvement in China's manufacturing. The eurozone's unemployment rate in October rose slightly, and the European economy's recovery was weak. The North American labor and manufacturing markets were also weak. Maersk and Hapag - Lloyd announced PSS increases. There were also some geopolitical news such as the situation in Gaza and the possible resumption of Maersk's Red Sea - Suez Canal navigation [9][10] 3. Data Overview 3.1 Container Shipping Spot Prices - SCFIS for the European route increased from 1483.65 on December 1st to 1509.1 on December 8th, a 1.7% increase. SCFIS for the US West route increased from 948.77 to 960.51, a 1.2% increase [12] 3.2 Container Shipping Index (European Line) Futures Market - The trading data of container shipping European line futures on December 11th is presented in Table 1, including contract information such as EC2512, EC2602, etc., with details on opening price, closing price, settlement price, price change, and trading volume [6] 3.3 Shipping - Related Data Charts - There are various shipping - related data charts, including the Shanghai - Europe basic port freight rate, Shanghai - Rotterdam spot freight rate, European container ship capacity, and global container ship order backlog [13][18][19][23]