Core Viewpoints - The shipping index (European line) futures experienced a rapid increase, reaching a peak of 2067.0 points, with a closing report of 42045.0 points, reflecting a rise of 2.75% [1] - Institutions have differing views on the future market trends, with some expecting further upward movement while others anticipate a return to volatility [1][2] Group 1: Institutional Insights - Jianxin Futures believes that the shipping contract for August still has potential for upward movement, supported by better-than-expected price increases and a recovery in the SCFIS settlement index above 2200 points [1] - Guotou Anxin Futures predicts that the shipping market will shift back to a state of fluctuation, influenced by macroeconomic factors such as the extension of tariff exemptions and the potential for a surge in shipping demand before August [2] Group 2: Market Dynamics - The current spot freight rates are stable, which has led to expectations of price increases from shipping companies in early August, contributing to an overall improvement in market sentiment [2] - The shipping market is experiencing a tight supply situation, exacerbated by the anticipated surge in demand due to tariff policies, which may lead to a mixed sentiment regarding the timing of peak freight rates and seasonal declines [2]

Core Viewpoint - The shipping index (European line) futures experienced a rapid increase, reaching a peak of 1332.4 points, closing at 1324.3 points with a rise of 3.42% [1] Group 1: Institutional Perspectives - Guotai Junan Futures believes that the 2506 contract still has some downward space, indicating a weak short-term driving force and that the 2508 and later contracts reflect expectations of tariff policy changes [1] - Guotai Junan Futures also notes that the October period is traditionally a low season for the European line, suggesting that shipping companies may need to proactively suspend voyages to mitigate the decline in freight rates [1] - Guotai Junan Futures recommends a strategy of holding positions through the holiday while being cautious of the risk of reducing positions before the holiday [1] Group 2: Market Conditions - Guotai Junan Futures highlights that the current spot market prices have dropped significantly, with CMA and HPL's prices falling to $2100 and $2645 per FEU respectively, reflecting a pessimistic outlook from shipping companies [1] - Guotai Junan Futures indicates that the combination of a weak spot market and lackluster forward expectations will likely lead to a continued weak consolidation pattern in the short term [1] - The market is also observing a gradual slowdown in the downward slope of immediate freight rates due to cost support and seasonal demand expectations [1]