集运欧线数据日报-20260210

Report Summary 1. Industry Investment Rating - No industry investment rating is provided in the report. 2. Core View - The EC of container shipping to Europe decreased by 0.39%. The average price of 40 - foot containers in the spot market at the end of February is around $2060, and the premium/discount rate has flattened. There is relatively limited driving force for the spot market in February. After MSC announced a price - increase notice for March on February 4th, HPL and CMA followed suit over the weekend. Compared with the market performance after the release of the March price - increase notice in the same period of 2025, the current market is more rational. The market is expected to be in a volatile pattern before the Spring Festival. After the festival, it will enter a verification period for the rush - export of photovoltaic products and the implementation of the March price - increase notice. Pay attention to the possible falsification of expectations brought by the spot market after the festival under strong expectations [1]. 3. Summary by Relevant Catalogs 3.1 EC Contract Volume and Price - EC2602: The latest increase/decrease is 0.79%. The trading volume is 124 (a decrease of 99 compared to the previous period), and the open interest on one side is 1437 (an increase of 8). The long - position and short - position holdings of the top 20 members are 1128 and 1278 respectively, with a net long - position of - 150 [2]. - EC2604: The latest trading price is 1238 points, with a decrease of 0.39%. The trading volume is 14384 (a decrease of 15067), and the open interest on one side is 31132 (a decrease of 295). The long - position and short - position holdings of the top 20 members are 17381 and 21507 respectively, with a net long - position of - 4126 [2]. - EC2606: The latest trading price is 1553 points, with a decrease of 0.03%. The trading volume is 2206 (a decrease of 2694), and the open interest on one side is 14726 (a decrease of 86). The long - position and short - position holdings of the top 20 members are both 0 [2]. - EC2608: The latest trading price is 1614.8 points, with an increase of 0.29%. The trading volume is 269 (a decrease of 213), and the open interest on one side is 1414 (an increase of 27) [2]. - EC2610: The latest trading price is 1126.1 points, with an increase of 0.25%. The trading volume is 615 (a decrease of 499), and the open interest on one side is 7893 (an increase of 15) [2]. - EC2612: The latest trading price is 1425.5 points, with an increase of 0.66%. The trading volume is 7 (a decrease of 5), and the open interest on one side is 138 (a decrease of 1) [2]. - Total: The total trading volume is 17605, the total open interest on one side is 56740. The total long - position and short - position holdings of the top 20 members are 18509 and 22785 respectively, with a net long - position of - 4276 [2]. 3.2 Latest Spot Freight Rates - European Routes - Weekly Spot Index: The SCFIS is 1657.94 points, a decrease of 7.5% compared to the previous period; the SCFI is $1403/TEU, a decrease of 1.1% [4]. - Daily Spot Freight Rates: The TCI (20GP) is $1551/TEU, with no change; the TCI (40GP) is $2636/FEU, with no change [4]. 3.3 Basis Spread - The basis of the previous trading day was 419.94 points, and the basis of the day before the previous trading day was 560.94 points, with a decrease of 141 points [6].