航运衍生品数据日报-20260226

Report Summary 1. Report Industry Investment Rating - The report does not provide an investment rating for the industry [1][2] 2. Core View of the Report - The market is experiencing a weak and volatile trend. The core pricing factors are the supply - side cabin control strategy and geopolitical risks. The spot market maintains a tight - balance state before the holiday. Leading shipping companies' pre - holiday cargo bookings cover until mid - March, and with increased suspension of sailings, available cabins remain tight. After the holiday, downstream factories are in the process of resuming work, and there is no significant increase in the core export volume until mid - August. The shipping companies' price - holding strategies are diverging, and it is difficult to implement price increases in early March. Spot freight rates remain high and volatile without significant downward pressure. The futures market strengthened on Tuesday due to geopolitical sentiment and the resonance of the shipping sector. The market focus is on whether freight rates will continue to decline and the possibility of price increases in mid - to late March [2] 3. Summary by Key Points Shipping Freight Index - SCFI - East America: Present value is 1251, previous value is 1267, with a decline of - 0.78% [1] - SCFI - West America: Present value is 1088, previous value is 1101, with an increase of 4.90% [1] - SCFIS - West America: Present value is 1155, previous value is 1403, with a decline of - 3.03% [1] - SCFI - Northwest Europe: Present value is 1361, previous value is 1403, with a decline of - 0.24% [1] - CCFI Composite Index: Present value is 2524, previous value is 2530, with a decline of - 2.99% [1] - SCFI - Mediterranean: Present value is 1657, previous value is 1792, with a decline of - 7.53% [2] - SCFIS - Northwest Europe: Present value is 2177, previous value is 2291, with a decline of - 4.98% [2] Market News - Trump announced raising global tariffs from 10% to 15% on countries "exploiting" the US, and the new tariffs will be determined in the next few months [2] - The US military is discussing the schedule to strike Iran in two phases, "minor strike" and "major strike", and the earliest time is within the next few days [2] Strategy - The recommended strategy is to wait and see [5]