永安期货集运早报-20260319

1. Report Industry Investment Rating - No information provided in the given content 2. Core View of the Report - It is recommended to mainly adopt a wait - and - see approach. Contract 04 is gradually entering the delivery logic, and it is necessary to observe whether there are opportunities for basis repair. Although historically, the reverse spreads of 6 - 7 and 6 - 8 are reasonably valued, it still depends on the duration of the geopolitical situation. If the issue is resolved in May, the current structure is also reasonable [2] 3. Summary by Relevant Catalogs Futures Contract Information - Contract Prices and Changes: EC2604 closed at 1905.3 yesterday, down 4.95%; EC2605 at 2137.0, down 4.64%; EC2606 at 2342.0, down 4.53%; EC2607 at 2475.0, down 2.93%; EC2608 at 2316.0, down 3.54%; EC2609 at 1693.3, down 3.34%; EC2610 at 1525.4, down 3.46%; EC2612 at 1718.8, down 4.56% [2] - Trading Volume and Open Interest: The trading volume and open interest of each contract vary, with some contracts showing a decrease in open interest, such as EC2604 with an open - interest change of - 2265, and EC2605 with a change of - 81 [2] - Monthly Spread: The monthly spreads of different contract combinations have changed. For example, the spread of EC2604 - 2606 was - 436.7, with a day - on - day increase of 11.8 and a week - on - week decrease of 19.9 [2] Spot Market Information - Spot Price and Index: The spot price (in points) was 1545.46 on March 9, 2026, up 5.61% from the previous period. The SCFI (European Line) was 1618 US dollars/TEU on March 13, 2026, up 11.43% from the previous period [2] - European Line Spot Price Increase: In March, OA and PA alliances, and MSC announced price increases to around 4000 US dollars. In Week 12, the average price was 2450 US dollars, equivalent to about 1715 points on the futures market. In Week 13, MSK kept the price flat at 2250 US dollars, and other shipping companies quoted around 2700 - 3000 US dollars. On Tuesday, Maersk opened the cabin for the first week of April (Week 14) at 2650 US dollars (up 400 US dollars from the previous period) [3] News - Fuel Surcharge Increase: On March 18, CMA CGM raised the emergency fuel surcharge from 150 to 265 US dollars/TEU [4] - Geopolitical Events: On March 18, Iran's National Television reported that parts of the South Pars Gas Field and the Asaluyeh Petroleum Industry Facilities were attacked. On March 19, the US Senate rejected the resolution to limit the use of force against Iran again. Trump is considering sending thousands of troops to the Middle East and evaluating ground - action options. Iran warned that if the attacks continue, it will expand the scope of strikes to all energy infrastructure of US and Israeli allies [4][5]