建信期货集运指数日报-20251230

Report Information - Report Title: "Container Shipping Index Daily Report" [1] - Report Date: December 30, 2025 [2] - Research Team: Macro Financial Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] 1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints - The SCFIS index has further rebounded by 9.7% to 1742.64 points this week, and the price increase in mid - to late December has been well implemented. The freight rate in early January remains at a median level of around $2880, with good cargo - booking status. There is still an upward space for the February contract, but the expectation of Red Sea re - navigation after the Spring Festival may heat up, and attention should be paid to the short - selling opportunity of the April contract in the off - season and the positive spread trading opportunity between the 02 and 04 contracts [8] 3. Summary by Directory 3.1 Market Review and Operation Suggestions - Spot Market: The SCFIS index has increased by 9.7% to 1742.64 points this week. The price increase in mid - to late December was well implemented, with full cabins and some voyages over - booked in the second - last week of December. The freight rate in early January is around $2880, with good cargo - booking. There is an upward space for the February contract, and attention should be paid to the short - selling opportunity of the April contract in the off - season and the 02 - 04 positive spread trading opportunity [8] 3.2 Industry News - Market Conditions: From December 22 to 26, the China export container shipping market showed a positive trend, with the overall freight rate of long - haul routes rising and the composite index increasing. On December 26, the Shanghai Export Containerized Freight Index was 1656.32 points, up 6.7% from the previous period [9] - European Routes: In 2025, the European economy was weak, with the manufacturing PMI below the boom - bust line and the service industry growth slowing. The freight rate from Shanghai Port to European basic ports on December 26 was $1690/TEU, up 10.2% from the previous period [9] - Mediterranean Routes: The market conditions were in sync with European routes, and the freight rate continued to rise. On December 26, the freight rate from Shanghai Port to Mediterranean basic ports was $3143/TEU, up 10.9% from the previous period [9] - North American Routes: The number of initial jobless claims in the US in the week ending December 20 decreased to 214,000, indicating a slight recovery in the employment market. The freight rate from Shanghai Port to the US West and East basic ports on December 26 was $2188/FEU and $3033/FEU respectively, up 9.8% and 6.6% from the previous period [9][10] - Shipping Companies' Price Adjustments: Many shipping companies such as MSC, CMA CGM, Maersk, and Hapag - Lloyd have announced price increases or surcharge adjustments for multiple international routes [10] - Regional Situations: Israeli forces have killed many Hamas members in Rafah, and 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 is inconsistent [10] 3.3 Data Overview - Container Shipping Spot Prices - SCFIS: The SCFIS for European routes (basic ports) on December 29 was 1742.64, up 9.7% from December 22. The SCFIS for US West routes (basic ports) was 1301.41, up 35.3% from December 22 [12] - Container Shipping Index (European Line) Futures Market - Contract Data: Data such as the opening price, closing price, settlement price, change, and trading volume of different contracts (EC2512, EC2602, etc.) on December 29 are provided [6] - Shipping - Related Data Charts - Charts: There are charts showing the trends of the Shanghai Export Container Settlement Freight Index, container shipping index (European line) futures contracts, and shipping - related data [13][17][19]