Ruida Futures(SZ:002961) Rui Da Qi Huo·2026-01-07 08:51Report Summary 1. Investment Rating - No investment rating information is provided in the report. 2. Core View - The shipping index (European Line) futures prices fluctuated on Wednesday, with the main contract EC2602 down 3.62%. The latest SCFIS European Line settlement rate index rose 3.1% week-on-week, driving up the futures prices. China's manufacturing PMI in December showed a slight recovery, and the new export orders index rose to 49, indicating a significant recovery in terminal transport demand. Spot freight rates continued to rise slowly in January. Geopolitical tensions, such as the resumption of the Israeli offensive in Gaza, supported freight rates. The eurozone economy continued to recover, and the German service industry showed strong repair. Trade war situation improvement and the arrival of the shipping peak season are conducive to the recovery of futures prices, while the short - term impact of geopolitical situation on freight rates has weakened. The freight rate market is mainly affected by seasonal demand, and investors are advised to be cautious [2]. 3. Summary by Directory 3.1 Futures Market - EC main contract closing price was 1779.10, down 66.9; EC next - main contract closing price was 1182, down 23.10. EC2602 - EC2604 spread was down 51.80; EC2602 - EC2606 spread was 356.20, down 99.50. EC contract basis was up 93.60 to 16.73. EC main contract open interest decreased by 3185 to 21811 [2]. 3.2 Spot Market - SCFIS (European Line) (weekly) rose 53.19 to 1795.83; SCFIS (US West Line) (weekly) was 1250.12, down 51.29; SCFI (composite index) (weekly) rose 103.40. CCFI (composite index) (weekly) rose 21.94; CCFI (European Line) (weekly) was 1519.06, up 45.16. The Baltic Dry Index (daily) rose 21.00; the Panamax Freight Index (daily) was 1304.00, down 11.00. The average charter price of Panamax ships remained unchanged, and that of Cape - size ships rose 870.00 to 22415.00 [2]. 3.3 Industry News - China banned the export of dual - use items to Japanese military users and military purposes. The US was discussing ways to acquire Greenland, including purchase, free association, and military means. A large number of US military planes flew to Europe, and Iran's armed forces were on high alert [2]. 3.4 Key Data - The new export orders index in China's manufacturing PMI in December rose to 49. The eurozone economy continued to recover, with Germany's service industry showing strong repair and the composite PMI above 50, and inflation continuing to decline [2]. 3.5 Spot Freight Rate - Spot freight rates in January maintained a slow - rising trend, with the early - January quotation up 400 US dollars compared to December, and the late - January preliminary quotation for large containers ranging from 2700 - 3100 US dollars [2]. 3.6 Geopolitical Situation - After a brief cease - fire at the end of 2025, the Israeli army restarted a large - scale ground offensive in the southern Gaza Strip in early 2026, and the Red Sea resumption expectation turned cold [2]. 3.7 Focus on Data - Focus on data such as the UK's December Halifax seasonally - adjusted house price index monthly rate, the eurozone's November PPI monthly rate, the eurozone's November unemployment rate, the US initial jobless claims for the week ending January 3, and the US October wholesale sales monthly rate [2].