Core Insights - The main contract for the European shipping index futures closed at 2510, with a decrease of 4.28% and a trading volume of 64,600 contracts as of July 17 [1][3] - The total trading volume for all contracts was 80,500, down by 41,900 contracts from the previous day [1][4] - The top 20 positions showed a net short position with a difference of 5,530 contracts [1] Position Data Summary - The top three long positions were held by Guotai Junan (3,957 contracts), CITIC Futures (3,135 contracts), and Dongzheng Futures (3,014 contracts) [1][4] - The top three short positions were also held by Guotai Junan (5,998 contracts), CITIC Futures (3,707 contracts), and Dongzheng Futures (2,923 contracts) [1][4] - The top three long position increases were from CITIC Futures (2,718 contracts, up by 147), Everbright Futures (917 contracts, up by 131), and Zheshang Futures (710 contracts, up by 127) [1][3] - The top three long position decreases were from Guotai Junan (2,764 contracts, down by 514), GF Futures (1,563 contracts, down by 132), and Baocheng Futures (1,259 contracts, down by 65) [1][3] - The top three short position increases were from Fangzheng Zhongqi (1,890 contracts, up by 524), CITIC Futures (2,853 contracts, up by 245), and Dongzheng Futures (2,342 contracts, up by 182) [1][3] - The top three short position decreases were from GF Futures (1,333 contracts, down by 285), Dongwu Futures (1,790 contracts, down by 214), and Donghai Futures (988 contracts, down by 172) [1][3]

Core Viewpoint - The main focus of the article is the significant decline in the European shipping index futures, which dropped over 4% to 1585 points [1] Group 1 - The European shipping index futures experienced a decline of more than 4% [1] - The current value of the index is reported at 1585 points [1]

Group 1 - The core point of the article is that the European shipping index futures have seen a significant increase, with the main contract rising by 7% to reach 1688 points [1]

1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report The report analyzes the container shipping market, especially the Far - East to Europe route. It indicates that the freight rate is oscillating at a high level. The 8 - month contract freight rate is likely to peak and decline, while the 10 - month contract is mainly for short - allocation in the off - season. The 12 - month contract's price is usually higher than that of the 10 - month contract, but the risk lies in whether the Suez Canal will resume operation. The strategy suggests that the main contract will oscillate, and the arbitrage strategy is to go long on the 12 - month contract and short on the 10 - month contract [4][5][6]. 3. Summary According to the Directory 3.1 Futures Price As of July 11, 2025, the total open interest of all contracts of the container shipping index European line futures is 76,829.00 lots, and the single - day trading volume is 51,307.00 lots. The closing prices of different contracts are as follows: EC2602 is 1365.70, EC2604 is 1204.00, EC2506 is 1342.10, EC2508 is 2022.50, EC2510 is 1401.10, and EC2512 is 1556.40 [7]. 3.2 Spot Price On July 4, 2025, the SCFI (Shanghai - Europe route) price is 2101.00 US dollars/TEU, the SCFI (Shanghai - US West route) price is 2089.00 US dollars/FEU, and the SCFI (Shanghai - US East) price is 4124.00 US dollars/FEU. On July 7, the SCFIS (Shanghai - Europe) is 2258.04 points, and the SCFIS (Shanghai - US West) is 1557.77 points [7]. 3.3 Container Ship Capacity Supply In 2025, it is still a big year for container ship deliveries. As of July 6, 2025, 141 container ships have been delivered, with a total capacity of 11.12 million TEU. The weekly average capacity of the China - European base port in the remaining 4 weeks of July is 294,100 TEU, and the monthly average capacity in August is 305,000 TEU. There are 5 blank sailings in July and 2 in August [3][7]. 3.4 Supply Chain Geopolitical factors affect the shipping supply chain. The Israel - Hamas conflict situation is complex, and the Houthi armed forces' attacks on ships in the Red Sea continue. The passage of ships through important canals such as the Suez Canal, the Cape of Good Hope, and the Panama Canal is also a focus [2]. 3.5 Demand and European Economy The report does not provide specific analysis content on demand and the European economy, only lists relevant data charts such as port container throughput, EU 27 industrial production index, and EU 27 imports from China [73]. 3.6 Strategy - **Unilateral**: The main contract oscillates. - **Arbitrage**: Go long on the 12 - month contract and short on the 10 - month contract, and short on the 10 - month contract [8].

Core Viewpoint - The main focus of the article is the significant increase in the European shipping index futures, which rose by 8%, currently reported at 2022.5 points [1] Group 1 - The European shipping index futures experienced a notable rise of 8% [1] - The current value of the index is reported at 2022.5 points [1]

Group 1 - The core point of the article is that the European shipping index futures have seen a significant increase, with the main contract rising by 6% to a current level of 1985.0 points [1]

Group 1 - The core point of the article is that the European shipping index futures have seen a significant increase, with the main contract rising by 6% to a current level of 1985.0 points [1]

Core Insights - The main contract for the European shipping index futures closed at 2508 on July 4, with a decrease of 1.71% and a trading volume of 47,800 contracts [1][3] - The total trading volume for all contracts reached 69,900 contracts, an increase of 30,800 contracts compared to the previous day [1][3] - The top 20 positions showed a net short position with a difference of 794 contracts [1] Group 1: Trading Data - The top three long positions were held by Citic Futures (4,633 contracts), Guotai Junan (4,570 contracts), and Huatai Futures (2,665 contracts) [1][4] - The top three short positions were held by Guotai Junan (5,348 contracts), Citic Futures (3,060 contracts), and Huatai Futures (2,692 contracts) [1][4] - The long positions increased by 181 contracts and the short positions increased by 130 contracts in the top 20 positions [1] Group 2: Position Changes - The top three long position increases were from Guotai Junan (318 contracts), GF Futures (158 contracts), and Zhonghui Futures (137 contracts) [1][3] - The top three long position decreases were from Citic Jiantou (-196 contracts), Haitong Futures (-142 contracts), and Dongzheng Futures (-127 contracts) [1][3] - The top three short position increases were from Dongzheng Futures (345 contracts), Donghai Futures (191 contracts), and Zhongcai Futures (189 contracts) [1][3] - The top three short position decreases were from Citic Jiantou (-214 contracts), Huatai Futures (-184 contracts), and Dongfang Caifu (-85 contracts) [1][3]

Group 1 - The core point of the article is that the European shipping index futures have increased by over 6%, reaching 1878 points [1]

Group 1 - The core point of the article is that the main contract of the European shipping index futures has seen an increase of 3%, reaching 1816.9 points [1]