| 集运欧线数据日报 | | | | | | | 2025/4/25 | | --- | --- | --- | --- | --- | --- | --- | --- | | 最新观点 | | | | | | 策略方向 | | | 集运欧线：EC弱势运行，06合约收于1358.4点，下跌9.40%。现货运价延续弱势， | | | | | | | | | HPL调降05.01-05.15期间报价，大柜降至2100美元，MSK午后调降第19周报价，大 | | | | | | | | | 柜由1750美元降至1600美元，加剧市场对于5月、6月运价悲观预期，06合约基本 | | | | | | | | | 跟随现货运价下行，目前已贴水04合约。在货量常规性回升、美线运力外溢、船 | | | | | | | | | 司控班力度有限再加上关税政策等的扰动下，目前5月上旬大柜运价中枢降至2000 | | | | | | 震荡 | | | 美元之下，市场对于5月和6月运价偏悲观。在旺季节点后移后，7月和8月的旺季 | | | | | | | | | 预期仍存，弱现实下缺乏上行驱动，空间上也较为谨慎。目前博弈点还是在于旺 ...

Investment Rating - The industry investment rating is "In-Line" for Hong Kong/China Transportation & Infrastructure [5] Core Insights - The Shanghai Containerized Freight Index (SCFI) decreased by 1.7% week-over-week for the week ending April 18, 2025, compared to a 0.1% increase in the previous week, indicating a potential negative impact on COSCO Shipping Holdings' revenues and profits [8] - The SCFI is viewed as a leading indicator of actual shipping rates, which are correlated with the stock performance of COSCO Shipping Holdings [8] - Changes in shipping rates for various routes include a decrease of 2.9% for European routes, an increase of 0.8% for Mediterranean routes, a decrease of 4.5% for US West Coast routes, and minor increases for Southeast Asia and South America routes [8] Summary by Sections - **Industry Overview**: The report focuses on the container shipping sector within the Asia Pacific region, particularly analyzing COSCO Shipping Holdings in relation to the SCFI [4][60] - **Market Performance**: The SCFI's recent performance reflects a downward trend, which may adversely affect the financial outlook for COSCO Shipping Holdings [8] - **Stock Performance Correlation**: The report emphasizes the correlation between SCFI movements and COSCO Shipping Holdings' stock performance, suggesting that fluctuations in shipping rates directly influence the company's market valuation [8]

金十期货4月11日讯，波罗的海干散货运价指数周五小幅上涨，但周线连续第四周下滑，因巴拿马型船 和超灵便型船需求下降。波罗的海干散货运价指数上涨5点或0.4%，至1274点。不过，该指数本周下滑 逾14%。海岬型船运价指数上涨22点或1.2%，至1803点，连续第二周下滑。海岬型船日均获利上涨184 元，至14952美元。巴拿马型船运价指数下跌3点或0.3%，至1186点，连续第二周下滑，本周下跌逾 16%。巴拿马型船日均获利减少32美元，至10673美元。超灵便型散货船运价指数下跌2点至939点，连 续第三周下滑，本周下跌逾3%。 波罗的海干散货运价指数连续第四周下滑 ...

波罗的海干散货运价指数结束十三连跌 金十期货4月10日讯，波罗的海干散货运价指数上涨，结束十三连跌，受海岬型船运费上涨支撑。波罗 的海干散货运价指数上涨10点或0.8%，至1269点，为3月25日以来首次上升。海岬型船运价指数上涨49 点或2.8%，至1781点。海岬型船日均获利上涨401元，至14768美元。巴拿马型船运价指数下跌14点或 1.2%，至1189点，为3月12日以来最低水平。巴拿马型船日均获利减少119美元，至10705美元。超灵便 型散货船运价指数下跌7点至941点，触及近一个月最低水平。 ...