Report Information - Report Type: Daily Report on Container Shipping Index [18] - Date: September 16, 2025 [2] - Research Team: Macro-Finance Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] Industry Investment Rating - Not provided Core Viewpoints - This week, the SCFIS dropped below 1500 points, marking the ninth consecutive week of decline. Online quotes in the second half of September were further reduced, with the lowest price falling below $1600 per 40 - foot container. The prices show a smooth downward trend in the off - season, and the decline has further widened. There is currently no significant increase in blank sailings compared to last year, while the overall shipping capacity has increased. There may be low - buying opportunities in December, and the October contract is recommended to be shorted on rallies [8] Summary by Directory 1. Market Review and Operation Suggestions - **Market Condition**: The SCFIS has fallen below 1500 points for nine consecutive weeks. Online quotes in the second half of September were further reduced, with the lowest price below $1600 per 40 - foot container. The price of the Shanghai - Rotterdam route dropped significantly, showing a smooth downward trend in the off - season with an enlarged decline [8] - **Operation Suggestions**: There may be low - buying opportunities in December, and the October contract is recommended to be shorted on rallies. Attention should be paid to whether blank sailings will be increased to support the freight rate floor, and the escalating Middle - East situation may also provide support [8] 2. Industry News - **Overall Market**: From September 8th to 12th, the China Export Container Shipping Market was generally stable, with most routes experiencing a decline in freight rates, dragging down the composite index. China's exports in August increased by 4.4% year - on - year, showing the resilience of foreign trade [9] - **European Routes**: In August, China's exports to Europe increased by 10.4% year - on - year, and the trade volume between China and the EU in the first eight months increased by 4.3% year - on - year. On September 12th, the freight rate from Shanghai Port to European basic ports was $1154/TEU, down 12.2% from the previous period [9] - **Mediterranean Routes**: The market situation was in line with that of European routes, and the spot booking price continued to decline. On September 12th, the freight rate from Shanghai Port to Mediterranean basic ports was $1738/TEU, down 11.8% from the previous period [10] - **North American Routes**: In August, the US non - farm payrolls increased by 22,000, significantly lower than expected, and the unemployment rate rose to 4.3%. China's exports to the US decreased by more than 30% year - on - year in August. However, the freight rate from Shanghai Port to the US West and East basic ports increased by 8.3% and 7.6% respectively on September 12th [10] - **Middle - East Tension**: Since September 8th, the situation in the Middle East has escalated, with Israel increasing attacks on the Gaza Strip and other places, and the Houthi movement taking actions, which has led to increased regional tension [10] 3. Data Overview - **Container Shipping Spot Prices**: On September 15th, the SCFIS for European routes was 1440.24 points, down 8.1% from September 8th; the SCFIS for US West routes was 1349.84 points, up 37.7% from September 8th [12] - **Container Shipping Index (European Line) Futures Quotes**: The trading data of multiple contracts on September 15th are provided, including the EC2510, EC2512, etc., with details of opening price, closing price, settlement price, change, change rate, trading volume, open interest, and open interest change [6] - **Shipping - Related Data Charts**: Multiple charts are provided, including the container ship capacity in Europe, the global container ship order backlog, the freight rate from Shanghai to European basic ports, etc. [17][19]