集运早报 | | | | | | | 研究中心能化团队 | | | 2025/12/16 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | हिंदी को प्रति | | 昨日收盘价 | 涨跌 | 裏 | 昨日成交星 | | 昨日持仓昼 | 持仓变动 | | | EC2512 | | 1649.8 | -0.01 % | -139.2 | 274 | | 2724 | -223 | | | EC2602 | | 1746.0 | 4.06% | -235.4 | 28275 | | 33065 | 1401 | | | EC2604 | | 1149.7 | 3.95% | 360.9 | 7432 | | 19657 | -276 | | | EC2606 | | 1306.7 | 3.64% | 203.9 | 6/9 | | 2335 | - 20 | | | EC2608 | | 1479.9 | 3.37% | 30.7 | 402 | | 1441 | -114 | | 期货 | EC2610 | | 10 ...

集运早报 相关新闻 12/13 MSC发布1月份涨价函，欧线20/40英尺售装箱运费分别提涨至2220/3700美金 | | | | | | | 研究中心能化团队 | | | 2025/12/15 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | ਉਨ੍ਹੇ | | 昨日收盘价 | 涨跌 | 基差 | 昨日成交昼 | | 昨日持仓昼 | 持仓变动 | | 期货 | EC2512 | | 1650.0 | -0.19% | -140.9 | 245 | | 2947 | -84 | | | EC2602 | | 1677.8 | -0.66% | -168.7 | 27001 | | 31664 | 41 | | | EC2604 | | 1106.0 | 1.22% | 403.1 | 10155 | | 19930 | ୧୮.3 | | | EC2606 | | 1260.8 | 2.71-5% | 248.3 | 790 | | 2355 | 59 | | | EC2608 | | 1431.7 | 3.61% | 77 ...

| 2025年12月12日 集运日报 | ( ( ) = CH = 12 ) | | --- | --- | | 现货运价企稳,盘面宽幅震荡,符合日报预期,关注春节前出货行情,运价并无明显波动。 | | | SCFIS、NCFI运价指数 | | | 12月5日 | | | 上海出口集装箱结算运价指数SCFIS(欧洲航线) 1509.10点,较上期上涨1.7% | 宁波出口集装箱运价指数NCFI(综合指数) 972.63点, 较上期上涨2.77% | | 上海出口集装箱结算运价指数SCFIS (美西航线) 960.51点, 较上期上涨1.2% | 宁波出口集装箱运价指数NCFI (欧洲航线) 1024.64点,较上期上涨7.67% | | 12月5日 | 12月5日 | | 上海出口集装箱运价指数SCFl公布价格1397.63 点, 较上期下跌5.5点 | 中国出口集装箱运价指数CCFI(综合指数) 1121.80点,较上期下跌0.1% | | 上海出口集装箱运价指数SCFl欧线价格1400USD/TEU,较上期下跌0.28% | 中国出口集装箱运价指数CCFI(欧洲航线) 1449.34点,较上期上涨1.1% ...

| 股指期货价差日报 | 投资咨询业务资格:证监许可【2011】1292号 | Z0016628 | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 叶倩宁 | 2025年12月11日 | 品种 | 历史1年分位数 | 全历史分位数 | 价去 | 最新值 | 较前一日变化 | | | | | | | | | | -17.63 | 50.40% | 26.30% | F期现价差 | -2.60 | H期现价差 | -7.84 | 29.90% | -1.48 | 26.70% | 期现价差 | | | | | | | IC期现价差 | -33.79 | -6,87 | 66,80% | 37.00% | IMINNA | 9,86 | 80,00% | 50.20% | -36.84 | 次月-当月 | 27.00% | 27.00% | -16.60 | -1.40 | | | 李月-当月 | -40.00 ...

行业 集运指数日报 ＃summary＃ 每日报告 日期 2025 年 12 月 10 日 研究员：何卓乔(宏观贵金属) 18665641296 hezhuoqiao@ccb.ccbfutures.com 期货从业资格号：F3008762 研究员：黄雯昕(国债集运) 021-60635739 huangwenxin@ccb.ccbfutures.com 期货从业资格号：F3051589 研究员：聂嘉怡(股指) 021-60635735 niejiayi@ccb.ccbfutures.com 期货从业资格号：F03124070 宏观金融团队 请阅读正文后的声明 | | | 表1：集运欧线期货12月9日交易数据汇总 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 合约 | 前结算 价 | 开盘价 | 收盘价 | 结算价 | 涨跌 | 涨跌幅 （%） | 成交量 | 持仓量 | 仓差 | | EC2512 | 1,660.5 | 1,658.0 | 1,664.7 | 1,661.0 | 4.2 | 0.2 ...

行业 集运指数日报 日期 2025 年 12 月 9 日 每日报告 | | | 表1：集运欧线期货12月8日交易数据汇总 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 合约 | 前结算 价 | 开盘价 | 收盘价 | 结算价 | 涨跌 | 涨跌幅 （%） | 成交量 | 持仓量 | 仓差 | | EC2512 | 1,658.4 | 1,647.9 | 1,669.8 | 1,660.5 | 11.4 | 0.69 | 330 | 3394 | -106 | | EC2602 | 1,614.1 | 1,600.0 | 1,615.3 | 1,601.0 | 1.2 | 0.07 | 19294 | 31466 | -749 | | EC2604 | 1,098.8 | 1,080.0 | 1,077.7 | 1,077.8 | -21.1 | -1.92 | 3125 | 19613 | 263 | | EC2606 | 1,260.8 | 1,252.5 | 1,217.3 | 1,227.3 ...

Core Viewpoint - Hai Feng International (01308) shares rose over 3%, currently trading at HKD 27.92 with a transaction volume of HKD 53.49 million, following the announcement of a board meeting to consider a special dividend on December 18 [1] Company Summary - The board of Hai Feng International will meet to consider and approve the declaration of a special dividend, with further details to be announced post-meeting [1] - The company's stock price increased by 3.03% as of the latest update [1] Industry Summary - Huatai Securities anticipates a significant rebound in freight rates and cargo volumes in Q4 due to seasonal demand [1] - Despite disruptions in the container shipping market from tariffs, geopolitical events, and seasonality, the outlook remains positive for cargo volume growth driven by industry restructuring in the Asian region [1] - The supply of small and medium-sized container ships is tightening, indicating resilience and growth potential in the Asian container shipping market [1]

EEEEAA | | | | | | | 研究中心能化团队 | | | 2025/12/5 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 合约 EC2512 | | 昨日收盘价 1649.1 | 涨跌 -0.27% | 基差 -165.5 | 昨日成交量 270 | | 昨日持仓量 3731 | 持仓变动 -82 | | | EC2602 | | 1585.0 | 2.92% | -101.4 | 27304 | | 34222 | -786 | | | EC2604 | | 1090.1 | 0.65% | 393.6 | 2881 | | 19129 | 132 | | | EC2606 | | 1255.1 | 0.05% | 228.6 | 178 | | 2141 | -26 | | 期货 | EC2608 | | 1385.6 | 0.40% | 98.1 | 125 | | 1549 | -28 | | | EC2610 | | 1040.2 | -0.19% | 443.5 | 297 | | 3961 ...

研究员：何卓乔(宏观贵金属) 18665641296 hezhuoqiao@ccb.ccbfutures.com 期货从业资格号：F3008762 研究员：黄雯昕(国债集运) 021-60635739 huangwenxin@ccb.ccbfutures.com 期货从业资格号：F3051589 研究员：聂嘉怡(股指) 021-60635735 niejiayi@ccb.ccbfutures.com 期货从业资格号：F03124070 宏观金融团队 行业 集运指数日报 日期 2025 年 12 月 5 日 请阅读正文后的声明 ＃summary＃ 每日报告 | | | 表1：集运欧线期货12月4日交易数据汇总 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 合约 | 前结算 价 | 开盘价 | 收盘价 | 结算价 | 涨跌 | 涨跌幅 （%） | 成交量 | 持仓量 | 仓差 | | EC2512 | 1,646.0 | 1,634.4 | 1,649.1 | 1,646.5 | 3.1 | 0.19 ...

Core Conclusion - The report concludes that Zhonggu Logistics (603565.SH) has a leading advantage in profitability and capacity, initiating coverage with a "Buy" rating [3]. Industry Overview - The domestic trade is at an upward demand turning point, supported by RCEP for long-term foreign trade shipping rates [3][4]. - The company is positioned as a leader in domestic trade shipping, holding the top profitability scale in the industry from 2021 to 2025, with a competitive fleet size [3][4]. Financial Projections - Expected EPS for 2025-2027 are projected at 0.93, 0.97, and 1.00 CNY per share, with corresponding PE ratios of 11.38, 10.91, and 10.58 times [3]. - The absolute valuation method estimates the company's per-share value at 14.00 CNY, while the relative valuation method gives a per-share value of 12.07 CNY, leading to a target price of 13.03 CNY [3]. Business Model - Zhonggu Logistics primarily provides container logistics services and is one of the earliest companies in China to specialize in domestic coastal container transportation [4]. - The company has expanded into foreign trade container shipping, launching several near-sea routes and leasing some vessels to enhance its foreign trade operations [4]. Market Dynamics - The government is encouraging consumption to expand domestic demand, with expectations for improvement in 2025 [4]. - The Shanghai Shipping Research Center predicts a 5% growth in domestic container transport capacity supply in 2025, which is lower than the expected demand growth [4]. - Current foreign trade shipping rates are at a low point in a long cycle, with short-term fluctuations expected; however, RCEP's signing is anticipated to support long-term foreign trade fundamentals [4]. Competitive Advantage - The company possesses a significant competitive advantage in fleet size and continues to enhance its own capacity [4]. - Zhonggu Logistics maintains a high dividend payout ratio, reflecting its commitment to sharing benefits with shareholders [4].