集运欧线数据日报-20260226

Report Summary 1) Industry Investment Rating No information provided. 2) Core View The EC of the container shipping European route dropped by 4.76%. There is a short - term tariff difference gap period, which may cause a surge in export cargo volume on the Asia - America route. Coupled with the relatively optimistic expectation of the rush to export products such as photovoltaic after the Spring Festival in March, the route linkage effect may lead to an optimistic post - festival expectation. Maersk opened a new cabin in the second week of March, with a quote of $1800 for a large container to Rotterdam, a $100 decrease from the previous week. Although the decline is limited, the current expectation is difficult to reverse. Considering the traditional seasonality and the late Spring Festival this year, March is the lightest month for post - festival cargo volume. Compared with the rush to export photovoltaic products, the freight rate may enter a downward period. Attention should be paid to the cabin opening situation of the PA Alliance, which has greater pressure on spot cargo collection [1]. 3) Summary by Relevant Catalogs Latest View - The EC of the container shipping European route dropped by 4.76%. A short - term tariff difference gap period may lead to a surge in export cargo volume on the Asia - America route. The rush to export photovoltaic products after the Spring Festival in March and the route linkage effect make the post - festival expectation optimistic [1]. - Maersk's new cabin in the second week of March has a $100 decrease in the quote for large containers to Rotterdam. Due to limited decline, it is difficult to reverse the current expectation. March is likely to be the lightest month for post - festival cargo volume, and the freight rate may enter a downward period. Attention should be paid to the PA Alliance's cabin opening situation [1]. EC Contract Quantity and Price | Contract | Latest Transaction Price (Points) | Latest Increase/Decrease (%) | Trading Volume (Change) | Open Interest (Change) | Long Position (Top 20 Members) | Short Position (Top 20 Members) | Net Long Position (Top 20 Members) | | --- | --- | --- | --- | --- | --- | --- | --- | | EC2604 | 1278.6 | - 4.76 | 33480 (-17218) | 35355 (850) | 19372 | 24574 | - 5202 | | EC2606 | 1659 | - 2.43 | 6533 (-1795) | 16362 (505) | | | | | EC2608 | 1730.3 | - 1.59 | 483 (-618) | 1337 (0) | | | | | EC2610 | 1158.2 | - 0.30 | 3244 (452) | 9901 (1175) | | | | | EC2612 | 1444.5 | - 0.26 | 28 (-6) | 131 (3) | | | | | Total | - | - | 43768 | 63086 | 19372 | 24574 | - 5202 | [2] Latest Spot Freight Rates - European Route | Spot Index | Indicator | Latest Period | Increase/Decrease (%) | Previous Period | Increase/Decrease (%) | Two Periods Ago | 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 Rates | TCI(20GP) $/TEU | 1518 | - 2.1 | 1551 | 0.0 | 1551 | 0.0 | | (Daily) | TCI(40GP) $/FEU | 2553 | - 1.7 | 2597 | 0.0 | 2597 | 0.0 | [4] Basis Spread The basis of the previous trading day was 294.91 points, and that of the day before the previous trading day was 252.91 points, with a change of 42 points [6].