集运早报-20260320

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoint - It is recommended to mainly adopt a wait - and - see approach. The EC2604 contract is gradually entering the delivery logic, and it is necessary to observe whether there are opportunities for basis repair. Although historically, the 6 - 7 and 6 - 8 reverse spreads have appropriate valuations, it still depends on the duration of the geopolitical situation [2] 3. Detailed Summaries by Relevant Catalogs Futures Information - Contract Prices and Changes: EC2604 closed at 1915.0 with a 0.51% increase, EC2605 at 2168.0 with a 1.45% increase, EC2606 at 2386.2 with a 1.89% increase, EC2607 at 2530.0 with a 2.22% increase, EC2608 at 2366.0 with a 2.16% increase, EC2609 at 1712.0 with a 1.10% increase, EC2610 at 1561.6 with a 2.37% increase, and EC2612 at 1742.8 with a 1.40% increase [2] - Open Interest Changes: The open interest of EC2604 decreased by 1272, EC2605 decreased by 3, EC2606 decreased by 95, EC2607 increased by 36, EC2608 decreased by 30, EC2609 decreased by 14, EC2610 decreased by 175, and EC2612 increased by 3 [2] - Month - to - Month Spreads: The spread of EC2604 - 2606 was - 471.2, with a daily decrease of 34.5 and a weekly decrease of 1.3; the spread of EC2604 - 2605 was - 253, with a daily decrease of 21.3 and a weekly decrease of 245.4; the spread of EC2606 - 2610 was 824.6, with a daily increase of 8.0 and a weekly decrease of 34.4 [2] Spot Information - SCFIS and SCFI: The SCFIS (European line) index on March 9, 2026, was 1545.46 points, with a 5.61% increase from the previous period; the SCFI (European line) on March 13, 2026, was 1618 dollars/TEU, with an 11.43% increase from the previous period [2] - European Line Spot Quotes: In Week 12, the average spot price was 2450 dollars, equivalent to about 1715 points on the futures market. In Week 13, the average spot price was equivalent to about 1700 - 1800 points on the futures market. COSCO announced a price increase for the European line in April to 5100 dollars, and CMA announced a price increase to 3500 dollars [2][3] News - Israel's Prime Minister Netanyahu stated that Israel would suspend attacks on Iran's main gas fields, but still sought "regime change" in Iran and hinted at a possible ground operation. He also said that the war would end faster than expected [4]