建信期货集运指数日报-20260122

Report Information - Report Title: Container Shipping Index Daily Report [1] - Date: January 22, 2026 [2] - Research Team: Macro Financial Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] Industry Investment Rating - Not provided in the report Core Viewpoints - The spot market shows signs of peaking, with the Shanghai Port's export freight rate to European base ports falling after rising, and multiple shipping companies lowering their quotes for late January. The inflection point of the spot high has likely appeared. However, the sudden change in the Red Sea re - navigation situation may boost the sentiment of far - month contracts [8]. Summary by Directory 1. Market Review and Operation Suggestions - Spot Market: The Shanghai Port's export freight rate to European base ports stopped rising and started to fall, with the SCFIS index also dropping slightly. Many shipping companies, including Maersk, OOCL, HMM, and ONE, have lowered their quotes for late January, indicating a signal of shipping companies reducing prices to attract cargo and suggesting that the spot high - point inflection has emerged. - Red Sea Situation: Maersk changed its decision on the route, diverting ships on certain routes via the Cape of Good Hope instead of the Suez Canal due to the complex international situation, which may boost the sentiment of far - month contracts [8]. 2. Industry News - Market Overview (January 12 - 16): To cope with the "Spring Festival" holiday, the cargo volume increased slightly, while the freight rates on ocean routes and the comprehensive index decreased. The Shanghai Export Container Comprehensive Freight Index dropped by 4.4% to 1574.12 points on January 16 [9]. - European Route: The Sentix euro - zone investor confidence index in January was better than expected, showing improved investor confidence. The shipping demand was stable with a slight increase, the average container utilization rate in Shanghai Port was nearly full, but the route freight rate dropped slightly, with the Shanghai Port's export freight rate to European base ports falling 2.5% to $1676/TEU on January 16 [9]. - Mediterranean Route: Similar to the European route, the spot market booking price dropped more than that of the European route, with the Shanghai Port's export freight rate to Mediterranean base ports falling 7.7% to $2983/TEU on January 16 [9]. - North American Route: The US labor market was stabilizing, the shipping market supply - demand situation was generally stable, the average container utilization rate in Shanghai Port was over 90%, and the spot market booking price fluctuated slightly. The Shanghai Port's export freight rates to the US West and East base ports were $2194/FEU and $3165/FEU respectively on January 16, with a 1.1% decrease and a 1.2% increase compared to the previous period [10]. - Contract Adjustment: The Shanghai International Energy Exchange will adjust the container shipping index (European line) futures contract months from February 10, 2026, adding EC2605, EC2607, EC2609, and adding EC2703 on March 31, 2026 [10]. - Gaza Cease - fire Plan: The second - stage plan of the Gaza cease - fire has differences between Netanyahu and Trump, and although there are many problems in the first - stage plan, Trump hopes to enter the second stage [10]. - Yemen Situation: The Houthi armed forces warned Saudi Arabia not to take military action, while the Yemeni President's Leadership Council announced the establishment of a supreme military committee to prepare for the next - stage action if the Houthi armed forces continue to reject the peace solution [10]. 3. Data Overview - Container Shipping Spot Prices: The SCFIS for the European route decreased by 0.1% from January 12 to January 19, and the SCFIS for the US West route decreased by 1.4% during the same period [12]. - Container Shipping Index (European Line) Futures Market: The trading data of multiple contracts on January 21 are presented, including EC2602, EC2604, EC2606, etc., with details such as opening price, closing price, settlement price, change, and trading volume [6]. - Shipping - Related Data Charts: There are charts showing the container ship capacity in Europe, the global container ship order backlog, the Shanghai - Europe base port freight rate, and the Shanghai - Rotterdam spot freight rate [18][22]