| | 集运指数（欧线）期货日报 | | | | 2025/8/4 | | --- | --- | --- | --- | --- | --- | | 项目类别 | 数据指标 最新 环比 最新 | | 数据指标 | | 环比 | | EC主力收盘价 | 1421.800 -10.3↓ EC次主力收盘价 | | | 1677.2 | -10.70↓ | | 期货盘面 | EC2510-EC2512价差 -255.40 +13.00↑ EC2510-EC2602价差 | | | -48.40 | +17.60↑ | | EC合约基差 期货持仓头寸（手） EC主力持仓量 | -16.50↓ 51053 -1323↓ | 876.06 | | | | | SCFIS（欧线）（周） | 2297.86 -18.70↓ SCFIS（美西线）（周） | | | 1,130.42 | -153.39↓ | | SCFI（综合指数）（周） | 1550.74 -41.85↓ 集装箱船运力（万标准箱） 1,227.97 | | | | 0.04↑ | | 现货价格 | CCFI（综合指数）（周） 1232.29 -29.06↓ ...

Core Insights - The Baltic Dry Index (BDI) has rebounded significantly in the first half of 2025, with a cumulative increase of 49.35%, indicating a strong performance among global asset classes [1] - The BDI serves as a barometer for global economic conditions, reflecting trade market health and demand fluctuations, particularly in relation to China's import and export activities [1][2] - China's ports are undergoing a transformation towards digitalization, intelligence, and sustainability, enhancing the resilience and vitality of the shipping industry [1][5] Economic Trends - The BDI is closely correlated with global economic development, particularly in the demand for raw materials essential for manufacturing, such as iron ore, coal, and grains [2] - Historical data shows that the BDI trends align with global GDP growth and manufacturing PMI, indicating its role as a leading indicator for macroeconomic conditions [2][3] - The first quarter of 2025 saw a recovery in dry bulk shipping demand, although fluctuations occurred due to U.S. tariff policies impacting global trade sentiment [3] China's Port Performance - In the first five months of 2025, China's major ports handled 7.34 billion tons of cargo, a year-on-year increase of 3.8%, with foreign trade throughput growing by 1.8% [4] - Container throughput reached 14 million TEUs, reflecting a 7.4% year-on-year increase, showcasing the resilience of China's foreign trade [4] - The rise in the BDI corresponds with the increase in container throughput at Chinese ports, indicating stable growth in foreign trade and the recovery of the industrial chain [4] Shipping Industry Developments - The 2025 Xinhua-Baltic International Shipping Center Development Index indicates that Shanghai ranks third globally among shipping centers, with other Chinese ports also improving their standings [4] - The adaptability and resilience of Chinese ports and foreign trade enterprises are highlighted as key factors in maintaining stable international trade amidst a complex global economic environment [5] - The evolution of international shipping centers is driven by the need to manage increasing trade volumes while addressing challenges and opportunities in a changing world [5]