航运衍生品数据日报-20260116

1. Report Industry Investment Rating - Not provided 2. Core View of the Report - The shipping industry shows a mixed trend. The freight index has different changes, and the spot price of shipping has price differentiation. The adjustment of the export tax - rebate policy for photovoltaic products will lead to a short - term rush of shipments on the European line and a subsequent decline in export volume, which will affect shipping demand and freight rates. The recommended strategy is to wait and see [4][6][7] 3. Summary by Related Content Freight Index Section - The present values of Shanghai Export Containerized Freight Index (SCFI), China Containerized Freight Index (CCFI), SCFI - US West, SCFIS - US West, SCFI - US East, SCFI - Northwest Europe are 1647, 1195, 2218, 1323, 3128, 1719 respectively, with changes of - 0.54%, 4.21%, 1.37%, 5.84%, 3.13%, 1.72% compared to the previous values. The present values of SCFIS - Northwest Europe and SCFI - Mediterranean are 1956 and 3232, with changes of 8.97% and 2.83% compared to the previous values [4] Market News Section - The US Supreme Court has set Friday as the "judgment day" to rule on President Donald Trump's global tariff policy. Maersk will gradually resume east - west shipping through the Suez Canal and the Red Sea, and the Maersk Denver successfully passed the Bab el - Mandeb Strait and entered the Red Sea on January 11 - 12 [5] Spot Price Section - For the GEMINI, Maersk's quotes in the fourth week of January are differentiated. The Shanghai - Rotterdam quote is $2700/FEU (up $100 month - on - month), while quotes from Ningbo - Rotterdam and Shanghai - Gdansk dropped to $2400/FEU. Hapag - Lloyd's quote center fell to $2300 - 2700/FEU. For the OA, the quotes in the first half of January loosened, and EMC's quote from January 16 - 22 was $2800 - 2950/FEU. For the PA, YML's quote from January 16 - 22 was $2600/FEU. MSC's quote in the second half of January was $2840/FEU, the same as in the first half [6] Photovoltaic Export Tax - Rebate Policy Section - China has made major adjustments to the export tax - rebate policy for photovoltaic products. Currently, China exports 35,000 - 40,000 TEUs of photovoltaic modules to Europe per month, accounting for about 5% of the total European - bound exports. It is estimated that before April 1, the additional cargo volume on the European line due to the rush of shipments is about 30,000 TBU, consuming the capacity of 2 ships of 15,000 TEU. After April, the monthly European - bound shipping volume is expected to decrease by 3000 - 4000 TEU, accounting for about 0.4%. The rush of shipments may temporarily ease the decline in post - holiday freight rates, but it is difficult to benefit most shipping companies. The recommended strategy is to wait and see [7]