建信期货集运指数日报-20251223

1. Report Information - Report Name: "集运指数日报" [1] - Date: December 23, 2025 [2] - Researcher Team: Macro Financial Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] 2. Industry Investment Rating No information provided. 3. Core Viewpoints - The SCFIS index rebounded slightly by 5.2% to 1589.2 points this week, and the price increase in mid - to late December was well - implemented. There is still an upward expectation for the price increase in late January, and the February contract may have some upward space. Attention should be paid to short - selling opportunities in the April contract during the off - season and positive spread trading opportunities between 02 and 04 contracts [8]. - The overall situation of China's export container shipping market was stable from December 15th to 19th, with the comprehensive index rising. China's export shows strong resilience, but the economic prospects of Europe and the US face challenges [9]. 4. Summary by Directory 4.1行情回顾与操作建议 - Spot market: The SCFIS index rose 5.2% to 1589.2 points this week. The price increase in mid - to late December was well - implemented, with full cabins in the second - last week of December and some voyages over - booked. CMA CGM announced a price increase for January on the Asia - Europe route, but the actual price increase implementation was less than the announced level. There may be an incentive game for the pre - Spring Festival shipping season, and there is still an expectation for a price increase in late January [8]. - Operation suggestions: Pay attention to short - selling opportunities in the April contract during the off - season and positive spread trading opportunities between 02 and 04 contracts [8]. 4.2行业要闻 - Market situation from December 15th to 19th: China's export container shipping market was stable overall, with the comprehensive index rising. China's export showed strong resilience, but the economic prospects of Europe and the US were not optimistic. The European route's freight rate declined slightly, the Mediterranean route's freight rate rose, and the North American route's freight rate continued to rise [9][10]. - Shipping company announcements: Multiple shipping companies such as MSC, CMA CGM, Maersk, and Hapag - Lloyd announced price increases or PSS adjustments for various routes [10]. - Geopolitical news: The Israeli military killed several Hamas members. The armed militants in Rafah tunnels are still in direct contact with the Hamas military leadership. Maersk's statement on resuming Red Sea - Suez Canal navigation was "clarified" [10]. 4.3数据概览 4.3.1集运现货价格 - SCFIS: The European route index rose 5.2% to 1589.2 points, and the US West route index rose 4.1% to 962.1 points from December 15th to 22nd [12]. 4.3.2集运指数（欧线）期货行情 - Transaction data of container shipping futures on the European line on December 18th: Contracts such as EC2512, EC2602, etc. showed different price changes, trading volumes, and open interest changes. For example, EC2602 had a significant price increase of 8.77% [6]. 4.3.3航运相关数据走势图 - Various shipping - related data charts are provided, including container ship capacity in Europe, global container ship orders, Shanghai - Europe basic port freight rates, etc. [17][18][20]