集运早报-20260312

Report Industry Investment Rating - Not provided in the given content Core Viewpoints - Ship companies may issue price increase letters for April recently. The current 04 contract corresponds to a freight rate of $2800, with a basis of -$300, which has already priced in short-term risk premiums, mainly due to a rise in fuel costs (around +$300), and the valuation is relatively reasonable. Geopolitical sentiment is fluctuating. It is expected that the short-term market will remain strong and volatile. The fundamental contradiction of the peak-season contracts lies in geopolitics, and it may be too early for left-side trading with large upward potential [2] Summary by Relevant Catalogs Contract Information - EC2604: Yesterday's closing price was 1992.7, up 7.78%, with a basis of -447.2, a trading volume of 66207, an open interest of 28602, and an open interest change of 797 [2] - EC2605: Yesterday's closing price was 2050.0, up 7.44%, with a basis of -504.5, a trading volume of 3113, an open interest of 2223, and an open interest change of 336 [2] - EC2606: Yesterday's closing price was 2329.4, up 7.35%, with a basis of -783.9, a trading volume of 16645, an open interest of 15615, and an open interest change of 168 [2] - EC2607: Yesterday's closing price was 2434.9, up 6.90%, with a basis of -889.4, a trading volume of 490, an open interest of 802, and an open interest change of 81 [2] - EC2608: Yesterday's closing price was 2295.5, up 6.39%, with a basis of -750.0, a trading volume of 1655, an open interest of 3132, and an open interest change of 253 [2] - EC2609: Yesterday's closing price was 1684.1, up 6.11%, with a basis of -138.6, a trading volume of 268, an open interest of 582, and an open interest change of 51 [2] - EC2610: Yesterday's closing price was 1536.0, up 5.26%, a trading volume of 4582, an open interest of 9144, and an open interest change of -402 [2] - EC2612: Yesterday's closing price was 1838.5, up 3.12%, with a basis of -293.0, a trading volume of 171, an open interest of 386, and an open interest change of -36 [2] Month Spread Information - EC2604 - 2606: The previous day's spread was -336.7, with a daily change of -15.6 and a weekly change of -154.6 [2] - EC2604 - 2605: The previous day's spread was -57.3, with a daily change of 1.8 and a weekly change of -37.0 [2] - EC2606 - 2610: The previous day's spread was 793.4, with a daily change of 82.6 and a weekly change of 238.2 [2] Spot Index Information - Spot (European Line): Updated every Monday, as of March 9, 2026, the index was 1545.46 points, up 5.61% from the previous period [2] - SCFI (European Line): Updated on Friday, as of March 6, 2026, the price was $1452/TEU, up 2.25% from the previous period [2] European Line Spot Situation - Yesterday, major shipping companies issued emergency fuel surcharges for long-term contracts. There are rumors that HMM offered a special price of $1800 [3] - In the second half of March, the expected trading center is $2300, but the FAK quote (the part included in the index) is expected to be around $2500, equivalent to 1750 points on the futures market [3] Related News - ONE and MSC added emergency fuel surcharges of $320 and $300 respectively [4] - Three ships were attacked in the Strait of Hormuz, and one oil tanker and one VLGC passed through yesterday [4]