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建信期货集运指数日报-20260211
Jian Xin Qi Huo· 2026-02-11 00:59
行业 集运指数日报 日期 2026 年 2 月 11 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 每日报告 研究员:聂嘉怡(股指) 021-60635735 niejiayi@ccb.ccbfutures.com 期货从业资格号:F03124070 | | | 表1:集运欧线期货2月10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 | | EC2604 | 1,235.4 | 1,249.0 | 1,179.0 | 1,194.9 | -56.4 | -4.57 | 29560 | 33899 | 2767 ...
建信期货集运指数日报-20260130
Jian Xin Qi Huo· 2026-01-30 01:21
Report Information - Report Title: Container Shipping Index Daily Report [1] - Date: January 30, 2026 [2] - Research Team: Macro Financial Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] Core Viewpoints - The spot price of container shipping to Europe shows signs of peaking and falling, with the Shanghai Port to European base port freight rate dropping for the second consecutive week, and the SCFIS index also falling in sync. Multiple shipping companies have lowered their quotes for late January, indicating that the inflection point of the spot price high has appeared. However, the sudden change in the Red Sea re - navigation situation may boost far - month contracts. [8] - The overall situation of the China's export container transportation market from January 19th to 23rd was weak, with freight rates on long - distance routes falling, dragging down the comprehensive index. The future economic prospects of Europe, the United States, and other regions are not optimistic, which may affect the container shipping market. [9][10] Content Summary by Section 1. Market Review and Operation Suggestions - Spot Market: The Shanghai Port to European base port freight rate dropped by 4.8% to $1595/TEU last weekend, and the SCFIS index fell by 4.9% to 1859.31 points on Monday. Multiple shipping companies, including Maersk and OOCL, have lowered their quotes for late January. [8] - Red Sea Situation: After Maersk announced the rerouting of some routes back to the Red Sea, it changed its plan due to the complex international situation. The continuous frictions in the Red Sea region and the intensifying US - Iran situation may affect market sentiment and boost far - month contracts. [8] 2. Industry News - China's Export Container Transportation Market: From January 19th to 23rd, the market was weak, with freight rates on long - distance routes falling, and the comprehensive index dropping by 7.4% to 1457.86 points on January 23rd. [9] - Economic Situation: China's industrial added value in December 2025 increased by 5.2% year - on - year. The future of the Chinese economy is expected to remain stable. However, the economic prospects of Europe, the United States, and other regions are not optimistic. [9][10] - Regional Situations: In the European route, geopolitical risks have increased due to the US's proposal to acquire Greenland and Trump's tariff threats. In the North American route, US government actions have increased market uncertainty, and the US economy faces challenges such as a weak labor market and inflation pressure. [9][10] - International Events: The second - stage plan for the Gaza cease - fire has faced some problems, and there are differences between Netanyahu and Trump. Tensions between the Houthi rebels and the Saudi - backed Yemeni government have resurfaced. [10] 3. Data Overview - Container Shipping Spot Prices: The SCFIS European route index on January 26th was 1859.31 points, down 4.9% from January 19th. The SCFIS US - West route index was 1294.32 points, down 0.8% from January 19th. [12] - Container Shipping Index (European Route) Futures: The trading data of multiple contracts on January 29th are provided, including EC2602, EC2604, etc., with different price changes, trading volumes, and open interests. [6] - Shipping - Related Data: Multiple charts show data such as European container ship capacity, global container ship orders, and Shanghai - Europe freight rates. [18][21]
建信期货集运指数日报-20260116
Jian Xin Qi Huo· 2026-01-16 01:17
Report Information - Report Title: Container Shipping Index Daily Report [1] - Date: January 16, 2026 [2] - Research Team: Macro Financial Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] Core Viewpoints - In the spot market, the price increase in early January was well - implemented. The SCFIS index rebounded above 1900 points on Monday, rising 8.9% to 1956.39 points. However, shipping companies recently lowered their quotes for late January. After the peak shipping season, they may cut prices to attract cargo, and the peak of spot prices may be approaching [8]. - This week, the index fluctuated greatly. The rush for tax refunds and the escalation of the Red Sea situation, which hit the resumption of shipping, brought significant disturbances. The short - term bullish factors may be difficult to disprove, and sentiment may support the contracts to run strongly [8]. Content Summary by Section 1. Market Review and Operation Suggestions - Spot Market: The price increase in early January was well - implemented. The SCFIS index rose 8.9% to 1956.39 points on Monday. Shipping companies are lowering quotes for late January, and the peak of spot prices may appear after the peak shipping season [8]. - Futures Market: The index fluctuated greatly this week. The 04 contract for the off - season, which had previously factored in the information of the Red Sea shipping resumption, rebounded significantly. Short - term bullish sentiment may support the contracts to run strongly [8]. 2. Industry News - Overall Market: From January 5th to 9th, the China export container shipping market was generally stable, with different routes showing differentiated trends [9]. - Economic Data: China's official comprehensive PMI in December 2025 was 50.7, up 1 percentage point month - on - month. The eurozone's unemployment rate in November 2025 dropped to 6.3%. US private - sector employment increased by 41,000 in December [9][10]. - Route Prices: On January 9th, the Shanghai - Europe basic port market freight rate increased by 1.7%, the Shanghai - Mediterranean basic port market freight rate increased by 2.8%, the Shanghai - US West basic port market freight rate increased by 1.4%, and the Shanghai - US East basic port market freight rate increased by 3.1% [9][10]. - Geopolitical Events: On January 12, 2026, the US and the UK launched a large - scale military strike against the Houthi rebels in Yemen. The Houthi rebels warned of a strong response if Saudi Arabia took military action [10]. - Shipping Company Policies: In December 2025, many shipping companies such as MSC and CMA CGM announced price increases for multiple international routes. There were uncertainties about Maersk's resumption of Red Sea - Suez Canal navigation [10]. 3. Data Overview - Container Shipping Spot Prices: From January 5th to 12th, 2026, the SCFIS for the European route increased by 8.9% to 1956.39 points, and the SCFIS for the US West route increased by 5.9% to 1323.98 points [12]. - Container Shipping Index (European Route) Futures Market: Provided trading data for EC2602, EC2604, EC2606, EC2608, EC2610, and EC2612 contracts on January 15th, including opening price, closing price, settlement price, etc. [6] - Shipping - Related Data Charts: Included charts of European container ship capacity, global container ship orders on hand, and various freight rates [18][21]
建信期货集运指数日报-20260114
Jian Xin Qi Huo· 2026-01-14 02:18
Report Information - Report Title: "集运指数日报" [1] - Date: January 14, 2026 [2] - Research Team: Macro Financial Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] Industry Investment Rating - Not provided Core Viewpoints - The spot price of shipping increased well in early January, and the SCFIS index rebounded above 1900 points on Monday, rising 8.9% to 1956.39 points. However, shipping companies have recently lowered their quotes for late January, and the inflection point of the spot price peak may appear. The index fluctuated greatly this week, and the 04 contract rebounded significantly. Short - term bullish factors may be difficult to disprove, and sentiment may support the contract to run strongly [8] Summary by Directory 1. Market Review and Operation Suggestions - **Spot Market**: In early January, the price increase was well implemented. On Monday, the SCFIS index returned above 1900 points, rising 8.9% to 1956.39 points. Shipping companies have recently lowered their quotes for late January. After the peak shipping season, they may cut prices to attract customers, and the inflection point of the spot price peak may appear. The index fluctuated greatly this week, affected by factors such as tax - refund rush shipping and the Red Sea situation. The 04 contract rebounded significantly, and short - term sentiment may support the contract [8] 2. Industry News - From January 5th to January 9th, the overall market of China's export container transportation was stable, with different routes showing differentiated trends. In December 2025, China's official comprehensive PMI was 50.7, up 1 percentage point month - on - month. The manufacturing industry's production and demand recovered significantly, and the service industry's prosperity increased slightly. On January 9th, the Shanghai Export Containerized Freight Index was 1647.39 points, down 0.5% from the previous period. In the European route, the eurozone's unemployment rate in November 2025 dropped to 6.3%. The shipping demand was stable, and the spot booking price increased slightly. In the Mediterranean, North American routes, the shipping demand was stable, and the booking prices also rose. On January 12th, the US and the UK launched large - scale military strikes against the Houthi rebels in Yemen. The Houthi rebels warned of a strong response. In December 2025, many shipping companies announced price increases on multiple international routes. The Suez Canal Authority announced that Maersk would resume Red Sea - Suez Canal navigation in early December, but Maersk later denied it [9][10] 3. Data Overview 3.1 Container Shipping Spot Prices - From January 5th to January 12th, the SCFIS European route (basic ports) index rose from 1795.83 to 1956.39, an increase of 8.9%; the SCFIS US - West route (basic ports) index rose from 1250.12 to 1323.98, an increase of 5.9% [12] 3.2 Container Shipping Index (European Line) Futures Market - Provided the trend charts of the main and secondary main contracts of container shipping European line futures [18] 3.3 Shipping - Related Data Trend Charts - Provided trend charts of European container ship capacity, global container ship orders on hand, Shanghai - European basic port freight rates, and Shanghai - Rotterdam spot freight rates [18][21]
建信期货集运指数日报-20260108
Jian Xin Qi Huo· 2026-01-08 01:34
Report Information - Report Name: Container Shipping Index Daily Report [1] - Date: January 8, 2026 [2] - Research Team: Macro Financial Research Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] Industry Investment Rating - Not mentioned in the report Core Viewpoints - The SCFIS index rebounded 3.1% to 1795.83 points this week. The freight rate in early January was maintained at around $2880, and the cargo collection was in good condition. There is still an upward expectation for the price increase in late January, and there may be some upward space for the February contract. However, the expectation of resuming navigation in the Red Sea after the Spring Festival may heat up, and attention should be paid to the short - selling opportunity of the April contract in the off - season and the positive spread arbitrage opportunity between the 02 and 04 contracts [8] Summary by Directory 1. Market Review and Operation Suggestions - Spot market: The SCFIS index rose 3.1% to 1795.83 points this week. The freight rate in early January was around $2880, and the cargo collection was good. The late - January quotation is in the range of $2700 - 3100, and the Maersk's fourth - week opening price of $2800 is better than expected. There is still an upward expectation for the February contract, but attention should be paid to the short - selling opportunity of the April contract in the off - season and the 02 - 04 positive spread arbitrage opportunity [8] 2. Industry News - From December 22 to 26, 2025, the China Export Container Shipping Market showed a good trend, and the comprehensive index rose. The European economy was weak in 2025, with high geopolitical and energy security risks. The spot market booking price in the European and Mediterranean routes rose during the signing season. The North American employment market showed a slight recovery, and the freight rate also increased. Multiple shipping companies announced price hikes and PSS adjustments. Military operations in the Middle East continued, and there were uncertainties about Maersk's resumption of Red Sea - Suez Canal navigation [9][10] 3. Data Overview - **Container shipping spot prices**: The SCFIS European route index rose 3.1% to 1795.83 points from December 29, 2025, to January 5, 2026, while the US - West route index fell 3.9% to 1250.12 points [12] - **Container shipping index (European line) futures market**: Provided trading data for multiple contracts such as EC2602, EC2604, etc., including opening price, closing price, settlement price, etc. [6] - **Shipping - related data trend charts**: Included data on European container ship capacity, global container ship orders, Shanghai - European basic port freight rates, etc. [18][20]
建信期货集运指数日报-20251231
Jian Xin Qi Huo· 2025-12-31 01:34
1. Report Information - Report Name: Container Shipping Index Daily Report [1] - Date: December 31, 2025 [2] - Researcher: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] 2. Core Viewpoints - The SCFIS index rebounded 9.7% to 1742.64 points this week. The price increase in mid - to late December was well - implemented, with full cabins in the second - last week of December and some voyages over - booked. The freight rate in early January is around 2880 dollars, with good cargo collection. There may be some upside potential for the February contract, but the expectation of Red Sea route resumption after the Spring Festival may rise, so pay attention to shorting opportunities for the April contract in the off - season and the positive spread trading opportunity between 02 - 04 contracts [8] 3. Market Review and Operation Suggestions - **Spot Market**: The SCFIS index rose 9.7% to 1742.64 points this week. The January freight rate is around 2880 dollars with good cargo collection. There is an expectation of price increase in late January, and the February contract may have upside potential. However, pay attention to the shorting opportunity of the April contract in the off - season and the positive spread trading opportunity between 02 - 04 contracts [8] 4. Industry News - From December 22 to 26, the China export container shipping market showed a positive trend, with the comprehensive index rising 6.7% to 1656.32 points on December 26. European routes: The European economy in 2025 was weak, with manufacturing PMI below the boom - bust line and slow - down in service industry growth. The geopolitical and energy security risks are high. The spot market booking price rose during the signing season, with the Shanghai - to - Europe freight rate up 10.2% to 1690 dollars/TEU on December 26. Mediterranean routes: The market moved in tandem with European routes, with the freight rate up 10.9% to 3143 dollars/TEU on December 26. North American routes: The US job market showed a slight recovery, and the freight demand was good, with the Shanghai - to - West Coast and East Coast US freight rates up 9.8% and 6.6% to 2188 dollars/FEU and 3033 dollars/FEU respectively on December 26 [9][10] - Many shipping companies announced price increases. MSC raised rates on multiple routes from December 15, with the increase larger than at the beginning of the month, valid until December 31. Maersk and Hapag - Lloyd announced PSS increases on multiple routes. CMA CGM will impose a PSS of 250 dollars per TEU on Asian - to - Nordic routes from December 29 and adjust FAK rates from January 1, 2026 [10] - Israeli forces killed several Hamas members in Rafah. The armed militants in Rafah tunnels are still in direct contact with Hamas military leadership. The Suez Canal Authority announced that Maersk would resume Red Sea - Suez Canal navigation from early December, but Maersk later denied it [10] 5. Data Overview 5.1 Container Shipping Spot Prices | Route | 2025/12/29 | 2025/12/22 | Change | YoY (%) | | --- | --- | --- | --- | --- | | SCFIS: European Routes (Basic Ports) | 1742.64 | 1589.2 | 153.44 | 9.7% | | SCFIS: US West Coast Routes (Basic Ports) | 1301.41 | 962.1 | 339.31 | 35.3% | [12] 5.2 Container Shipping Index (European Routes) Futures Market | Contract | Previous Settlement Price | Opening Price | Closing Price | Settlement Price | Change | Change Rate (%) | Trading Volume | Open Interest | Open Interest Change | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | EC2602 | 1833.3 | 1835.0 | 1795.1 | 1792.0 | - 38.2 | - 2.08 | 24777 | 27855 | - 2582 | | EC2604 | 1164.6 | 1171.0 | 1160.2 | 1165.3 | - 4.4 | - 0.38 | 7238 | 21241 | 44 | | EC2606 | 1350.2 | 1385.0 | 1370.0 | 1370.1 | 19.8 | 1.47 | 856 | 2230 | - 129 | | EC2608 | 1498.2 | 1506.0 | 1500.1 | 1499.3 | 1.9 | 0.13 | 86 | 1196 | - 10 | | EC2610 | 1052.9 | 1057.0 | 1056.0 | 1056.4 | 3.1 | 0.29 | 643 | 6084 | 72 | | EC2612 | 1052.9 | 1300.1 | 1308.0 | 1285.3 | 255.1 | 24.23 | 96 | 56 | 56 | [6] 5.3 Shipping - Related Data Charts - Figures include the trend of container shipping European routes futures main and secondary main contracts, European container ship capacity, global container ship order backlog, Shanghai - Europe basic port freight rate, and Shanghai - Rotterdam spot freight rate [18][19][21]
建信期货集运指数日报-20251226
Jian Xin Qi Huo· 2025-12-26 01:59
Report Information - Report Title: Container Shipping Index Daily Report [1] - Date: December 26, 2025 [2] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] Report Summary 1. Investment Rating - No investment rating is provided in the report. 2. Core View - The spot SCFIS index rebounded slightly by 5.2% to 1,589.2 points this week. The price increase in mid - and late December was well - implemented, with full cabins and some voyages over - booked in the second - last week of December. CMA CGM announced a price increase for the Asia - Europe route in January, but the actual price implementation of some shipping companies was lower than the announced increase. The market may have an incentive game for the pre - Spring Festival shipping rush, with potential upside for the February contract and opportunities for shorting the April contract in the off - season and a positive spread between the 02 and 04 contracts [8]. 3. Section Summaries 3.1 Market Review and Operation Suggestions - **Spot Market**: The SCFIS index rose 5.2% to 1,589.2 points this week. The price increase in December was well - implemented, but the actual price of some shipping companies in January was lower than the announced increase. There may be an upside for the February contract, and attention should be paid to shorting opportunities for the April contract and the 02 - 04 positive spread [8]. 3.2 Industry News - **Market Conditions**: From December 15th to 19th, the China export container shipping market was generally stable, with some long - haul routes seeing rising freight rates. China's November exports in US dollars increased by 5.9% year - on - year, and the trade surplus exceeded 1 trillion US dollars in the first 11 months. The Shanghai Export Containerized Freight Index rose 3.1% on December 19th. The eurozone's December business activity growth slowed, and the European route's freight rate declined slightly. The Mediterranean route's freight rate increased, and the North American route's freight rate also rose [9][10]. - **Shipping Company Policies**: Multiple shipping companies, including MSC, CMA CGM, Maersk, and Hapag - Lloyd, announced price increases and additional fees for various routes [10]. - **Geopolitical News**: The Israeli military killed several Hamas members in Rafah, and there were reports about the connection between armed militants in Rafah tunnels and Hamas. The Suez Canal Authority announced that Maersk would resume Red Sea - Suez Canal navigation, but Maersk later denied it [10]. 3.3 Data Overview - **Container Shipping Spot Prices**: The SCFIS for the European route increased from 1,510.56 on December 15th to 1,589.2 on December 22nd, a rise of 5.2%. The SCFIS for the US West route increased from 924.36 to 962.1, a rise of 4.1% [12]. - **Container Shipping Index (European Line) Futures Quotes**: The trading data of various EC contracts on December 25th, including opening price, closing price, settlement price, price change, and trading volume, are presented in Table 1 [6].
建信期货集运指数日报-20251223
Jian Xin Qi Huo· 2025-12-23 06:46
1. Report Information - Report Name: "集运指数日报" [1] - Date: December 23, 2025 [2] - Researcher Team: Macro Financial Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] 2. Industry Investment Rating No information provided. 3. Core Viewpoints - The SCFIS index rebounded slightly by 5.2% to 1589.2 points this week, and the price increase in mid - to late December was well - implemented. There is still an upward expectation for the price increase in late January, and the February contract may have some upward space. Attention should be paid to short - selling opportunities in the April contract during the off - season and positive spread trading opportunities between 02 and 04 contracts [8]. - The overall situation of China's export container shipping market was stable from December 15th to 19th, with the comprehensive index rising. China's export shows strong resilience, but the economic prospects of Europe and the US face challenges [9]. 4. Summary by Directory 4.1行情回顾与操作建议 - Spot market: The SCFIS index rose 5.2% to 1589.2 points this week. The price increase in mid - to late December was well - implemented, with full cabins in the second - last week of December and some voyages over - booked. CMA CGM announced a price increase for January on the Asia - Europe route, but the actual price increase implementation was less than the announced level. There may be an incentive game for the pre - Spring Festival shipping season, and there is still an expectation for a price increase in late January [8]. - Operation suggestions: Pay attention to short - selling opportunities in the April contract during the off - season and positive spread trading opportunities between 02 and 04 contracts [8]. 4.2行业要闻 - Market situation from December 15th to 19th: China's export container shipping market was stable overall, with the comprehensive index rising. China's export showed strong resilience, but the economic prospects of Europe and the US were not optimistic. The European route's freight rate declined slightly, the Mediterranean route's freight rate rose, and the North American route's freight rate continued to rise [9][10]. - Shipping company announcements: Multiple shipping companies such as MSC, CMA CGM, Maersk, and Hapag - Lloyd announced price increases or PSS adjustments for various routes [10]. - Geopolitical news: The Israeli military killed several Hamas members. The armed militants in Rafah tunnels are still in direct contact with the Hamas military leadership. Maersk's statement on resuming Red Sea - Suez Canal navigation was "clarified" [10]. 4.3数据概览 4.3.1集运现货价格 - SCFIS: The European route index rose 5.2% to 1589.2 points, and the US West route index rose 4.1% to 962.1 points from December 15th to 22nd [12]. 4.3.2集运指数(欧线)期货行情 - Transaction data of container shipping futures on the European line on December 18th: Contracts such as EC2512, EC2602, etc. showed different price changes, trading volumes, and open interest changes. For example, EC2602 had a significant price increase of 8.77% [6]. 4.3.3航运相关数据走势图 - Various shipping - related data charts are provided, including container ship capacity in Europe, global container ship orders, Shanghai - Europe basic port freight rates, etc. [17][18][20]
集运指数日报-20251219
Jian Xin Qi Huo· 2025-12-19 02:20
Group 1: Report Overview - Report Title: "集运指数日报" [1] - Date: December 19, 2025 [2] - Research Team: Macro Financial Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] Group 2: Industry Investment Rating - No relevant information provided. Group 3: Core View - The SCFIS index has slightly rebounded and stabilized this week. Shipping companies' price hikes have boosted market sentiment, but the actual online prices of some shipping companies are lower than the price increase notices, which may dampen bullish sentiment. The market may engage in incentive games for the pre - Spring Festival shipping peak, and the spot price may reach a high in early January. Attention should be paid to short - selling opportunities for the April contract in the off - season and positive spread trading opportunities between the February and April contracts [8]. Group 4: Summary of Each Section 1. Market Review and Operation Suggestions - Spot Market: The SCFIS index has slightly rebounded and stabilized this week. Shipping companies continue to raise prices, but the online prices of MSC and Maersk in January are lower than the announced price increase levels, which may dampen bullish sentiment. The spot price may peak in early January, and attention should be paid to short - selling opportunities for the April contract and positive spread trading opportunities between the February and April contracts [8]. 2. Industry News - From December 8th to 12th, China's export container transportation demand was generally stable. The comprehensive index rose due to the year - end contract signing season. The European, Mediterranean, and North American routes all saw price increases in spot market booking prices. On December 15th, multiple shipping companies announced price increases for multiple international routes. Maersk and Hapag - Lloyd announced increases in peak - season surcharges. There are also some geopolitical news, such as the situation in Gaza and the possible resumption of Maersk's Red Sea - Suez Canal navigation [9][10]. 3. Data Overview 3.1 Container Shipping Spot Prices - The Shanghai Export Container Settlement Freight Index shows that the European route increased by 0.1% from December 8th to 15th, while the US West route decreased by 3.8% [12]. 3.2 Container Shipping Index (European Line) Futures Market - The trading data of container shipping European line futures on December 18th shows that most contracts had price declines, with different degrees of decline and changes in trading volume and open interest [6]. 3.3 Shipping - Related Data Charts - There are multiple charts showing data related to container shipping, such as container ship capacity in Europe, global container ship orders, Shanghai - Europe basic port freight rates, etc. [13][15][16][20]
建信期货集运指数日报-20250813
Jian Xin Qi Huo· 2025-08-13 02:31
Report Information - Report Title: Container Shipping Index Daily Report [1] - Date: August 13, 2025 [2] - Research Team: Macro Financial Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] Industry Investment Rating - Not provided Core Viewpoints - The peak of the shipping season has passed, and the SCFIS has further declined this week with an increased drop. The spot freight rate has likely reached its peak and is expected to enter a downward channel in August. The主力10 contract is deeply discounted, and it is recommended to short the 10 contract on rallies [8]. Summary by Directory 1. Market Review and Operational Suggestions - Spot market: The peak of the shipping season has passed. The SCFIS has further declined this week with an increased drop. The freight rates of major airlines in August are showing a weekly decline. The spot freight rate has likely reached its peak and is expected to enter a downward channel in August. The demand side is unlikely to improve significantly, and the freight rates this year may be weaker in the off - season. It is recommended to short the 10 contract on rallies [8]. 2. Industry News - From August 4th to 8th, the China export container shipping market was basically stable, but the freight rates on most routes continued to decline. The Shanghai Export Containerized Freight Index on August 8th was 1489.68 points, a 3.9% decline from the previous period. China's exports in July increased by 7.2% year - on - year. The EU is China's second - largest trading partner, and the trade volume with the EU in the first 7 months of 2025 increased by 3.9% year - on - year. The improvement in exports to Europe was the main driving force for the export recovery in July. The freight rates on the European and Mediterranean routes continued to decline. The threat of the Houthi armed forces to global shipping has escalated, and the international shipping safety situation has deteriorated. The US will maintain a 25% tariff on Japanese goods and may soon reach a trade agreement with India [9][10]. 3. Data Overview 3.1 Container Shipping Spot Prices - From August 4th to 11th, the SCFIS for the European route decreased from 2297.86 to 2235.48, a 2.7% decline; the SCFIS for the US West route decreased from 1130.12 to 1082.14, a 4.2% decline [12]. 3.2 Container Shipping Index (European Line) Futures Market - Data on the trading of container shipping European line futures contracts on August 12th is provided, including the previous settlement price, opening price, closing price, settlement price, change, change rate, trading volume, open interest, and change in open interest for different contracts such as EC2508, EC2510, etc. [6] 3.3 Shipping - Related Data Charts - Charts include the global container shipping capacity, global container ship order backlog, Shanghai - European basic port freight rate, and Shanghai - Rotterdam spot freight rate [16][19]