瑞达期货集运指数（欧线）期货日报-20260210

1. Report Industry Investment Rating - No information provided in the report 2. Core Viewpoints of the Report - On Tuesday, most futures prices of the Container Shipping Index (European Line) declined, with the main contract EC2604 closing down 4.57%. The latest SCFIS European Line settlement freight rate index was 1657.94, down 134.2 points from last week, a 7.5% week - on - week decrease [1] - The cancellation of full VAT export tax refunds for photovoltaic products is expected to lead to a rush of shipments, boosting long - term contract cargo volume. However, after the trading sentiment stabilizes, the price increase may be reversed [1] - China's foreign trade in December 2025 rebounded unexpectedly, with both imports and exports improving significantly, possibly related to the cancellation of VAT export tax refunds for some commodities and pre - holiday rush exports [1] - Spot freight rates: From February 4th, shipping companies such as MSC, CMA, COSCO, and HPL announced price increases for routes from Asia to Northwest Europe and the Mediterranean, but the implementation may fall short of expectations due to the unchanged supply - demand pattern [1] - Geopolitical aspect: Maersk and Hapag - Lloyd announced the resumption of the IMX/ME11 route through the Red Sea Canal from mid - February, but there are risks in actual implementation [1] - The market is moderately optimistic about the economic recovery in the Eurozone, with inflation approaching the target level, supporting the expectation that the European Central Bank will keep interest rates unchanged in the foreseeable future [1] - Currently, the freight rate market is greatly affected by seasonal demand. Investors are advised to be cautious, pay attention to the operation rhythm and risk control, and track geopolitical, shipping capacity, and cargo volume data in a timely manner [1] 3. Summary by Relevant Catalogs 3.1 Futures Market Data - EC main contract closing price: 1179.000, down 56.4; EC sub - main contract closing price: 1499.8, down 37.5 [1] - EC2604 - EC2606 spread: - 320.80, down 5.80; EC2604 - EC2608 spread: - 397.30, down 20.50 [1] - EC contract basis: 478.94, up 59.00 [1] - EC main contract open interest: 33899, up 2767 [1] 3.2 Spot Market Data - SCFIS (European Line) (weekly): 1657.94, down 134.20; SCFIS (US West Coast Line) (weekly): 1155.66, up 54.26 [1] - SCFI (composite index) (weekly): 1266.56, down 50.19; container ship capacity (10,000 TEUs): 1227.97, up 0.71 [1] - CCFI (composite index) (weekly): 1122.15, down 53.44; CCFI (European Line) (weekly): 1535.03, down 39.66 [1] - Baltic Dry Index (daily): 1923.00, down 28.00; Panama Freight Index (daily): 1652.00, down 4.00 [1] - Average charter price (Panamax ship): 0.00, up 0.00; average charter price (Capesize ship): 21150.00, up 1445.00 [1] 3.3 Industry News - The United States is planning to lower the so - called reciprocal tariffs on Bangladeshi goods and provide new exemptions for textiles. President Trump will reduce the overall reciprocal tariff on Bangladesh to 19%, after lowering it from 37% to 20% last year [1] - A "black swan" event occurred in British politics. Due to the Epstein case involving the former British Ambassador to the United States, Mandelson, the Chief of Staff of the British Prime Minister, Morgan Maxwell, and the Public Relations Director, Tim Allen, resigned respectively. The leader of the Scottish Labour Party publicly called on Prime Minister Starmer to resign, but the Prime Minister's office spokesperson said Starmer would not resign [1] - The Shanghai, Shenzhen, and Beijing Stock Exchanges announced a package of measures to optimize refinancing, focusing on high - quality listed companies and the science and technology innovation field [1]