瑞达期货集运指数（欧线）期货日报-20260112

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints - On January 12, 2026, the freight index (European line) futures prices rose significantly. The main contract EC2604 closed up 11.30%, and the far - month contracts closed up 3 - 5%. The latest SCFIS European line settlement freight index was 1956.39, up 160.56 points from last week, a month - on - month increase of 8.9% [3]. - The cancellation of full tax - refund for photovoltaic products from April 1, 2026 may lead to a rush of shipments, boosting long - term contract cargo volume and supporting freight rates. The manufacturing PMI data in China in December showed a slight recovery, and the new export order index rose to 49, indicating a significant recovery in terminal transportation demand [3]. - Spot freight rates for the fourth - week quotes for large containers ranged from $2600 - $3200, and Maersk's fourth - week opening price for large containers was $2700, up $100 from the third week. Geopolitically, there are expectations of improved Red Sea shipping, and the inflation pressure in the eurozone has eased, weakening the market's expectation of an ECB interest - rate hike by the end of the year [3]. - Freight rate increases have not been implemented, many shipping companies have successively lowered prices, weakening the support for futures prices. The current freight market is greatly affected by seasonal demand. Investors are advised to be cautious, pay attention to operation rhythm and risk control, and track geopolitical, capacity, and cargo volume data in a timely manner [3]. 3. Summary by Relevant Catalogs Futures盘面 - EC main contract closing price was 1280.8, up 65; EC secondary main contract closing price was 1485.1; EC2604 - EC2606 spread was +77, EC2604 - EC2608 spread was - 204.3, up 96.8 from - 284.4; EC contract basis was +24.26; EC main contract open interest was 37092, up 8071 [3]. Spot Price - SCFIS (European line) (weekly) was 1956.39, up 160.56; SCFIS (US West line) (weekly) was 1323.98, up 73.86; SCFI (composite index) (weekly) was 1656.32, up 8.93; container ship capacity (in 10,000 TEUs) remained unchanged; CCFI (composite index) (weekly) was 1146.67, down 48.22; CCFI (European line) (weekly) was 1519.06, down 48.69; Baltic Dry Index (daily) was 1688, up 30; Panamax freight index (daily) was 1345, down 9; average charter price for Panamax ships remained unchanged, and for Capesize ships was $19336, down $646 [3]. Industry News - From April 1, 2026, all listed photovoltaic - related products will no longer enjoy VAT export tax - refund incentives [3]. - US President Trump signed an executive order to prevent the seizure of Venezuela's oil revenues in US Treasury accounts [3]. - EU member states voted to pass the free - trade agreement between the EU and Mercosur, with 21 member states supporting it and 5 opposing it [3]. Key Focus - January 13, 21:30, US December unadjusted CPI annual rate; January 13, 21:30, US December unadjusted core CPI annual rate [3]