集运欧线数据日报-20260224

1. Industry Investment Rating - No information provided 2. Core Viewpoints - During the Spring Festival holiday, Maersk did not open new bookings for the second week of March. As of now, the online rate for 40 - foot containers in the first week of March is $1950. MSC maintains the pre - holiday quote of $2340 for 40 - foot containers in the first half of March, while other shipping companies mainly announce price increases. The online quotes for 40 - foot containers in the first half of March range from $3030 to $3393. It is expected that after the holiday, as Maersk opens bookings for the second week of March and the cargo - collection progresses, the price gap will gradually narrow [1]. - The US Supreme Court ruled that the large - scale tariff measures implemented by the Trump administration under IEEPA lacked clear legal authorization. Subsequently, Trump imposed an additional 10% tariff on global goods on top of the existing regular tariffs, which was later raised to 15%. This event will boost the market sentiment of the European routes due to the short - term weakening of the US dollar and the rebound of metals, and may strengthen the short - term rush - to - export expectation and the market expectation for shipping companies to support prices in March. However, from a traditional seasonal perspective, especially with this year's late Spring Festival, March is the month with the lightest cargo volume after the holiday. Overall, the cargo volume is insufficient, and it is likely that the freight rate will decline after the holiday [1]. 3. Summary by Relevant Catalogs 3.1 EC Contract Volume and Price | Contract | Latest Transaction Price (Points) | Latest Increase/Decrease (%) | Trading Volume (Change) | Open Interest Unilateral (Change) | Long Position (Top 20 Members) | Short Position (Top 20 Members) | Net Long Position (Top 20 Members) | | --- | --- | --- | --- | --- | --- | --- | --- | | EC2604 | 1269.8 | 3.38 | 25064 (-11330) | 25845 (-5176) | 14723 | 17475 | -2752 | | EC2606 | 1636 | 6.25 | 5648 (1416) | 13960 (573) | - | - | - | | EC2608 | 1694 | 5.45 | 957 (505) | 1402 (0) | - | - | - | | EC2610 | 1137.2 | 0.99 | 1729 (499) | 7931 (-159) | - | - | - | | EC2612 | 1380.5 | -1.44 | 10 (-5) | 123 (1) | - | - | - | | Total | - | - | 33408 | 49261 | 14723 | 17475 | -2752 | [2] 3.2 Latest Spot Freight Rates - European Routes | Spot Index | Indicator | Latest Period | MoM Increase/Decrease | Previous Period | MoM Increase/Decrease | Two Periods Ago | MoM Increase/Decrease | | --- | --- | --- | --- | --- | --- | --- | --- | | (Weekly) | SCFIS - Points | 1573.51 | -2.1% | 1607.27 | -3.1% | 1657.94 | -7.5% | | | SCFI - $/TEU | 1361 | -3.0% | 1403 | -1.1% | 1418 | -11.1% | | Spot Freight Rate | TCI(20GP) $/TEU | 1568 | 0.0% | 1568 | 0.0% | 1568 | 0.0% | | (Daily) | TCI(40GP) $/FEU | 2630 | 0.0% | 2630 | 0.0% | 2630 | 0.0% | [4] 3.3 Basis Spread (Points) - The basis of the previous trading day was 388.14, and the basis of the day before the previous trading day was 399.04, with a MoM change of - 10.9 [6]