Group 1: Futures and Spot Market Data - EC2512 contract yesterday's closing price was 1649.1, down -0.24%, with a basis of -165.5, trading volume of 270, and open interest of 3731 with a change of -82 [2][15] - EC2602 contract yesterday's closing price was 1585.0, up 2.92%, with a basis of -101.4, trading volume of 27304, and open interest of 34222 with a change of -786 [2][15] - EC2604 contract yesterday's closing price was 1090.1, up 0.65%, with a basis of 393.6, trading volume of 2881, and open interest of 19129 with a change of 132 [2][15] - SCFIS index on 2025/12/1 was 1483.65 points, down -9.50% from the previous period [2][15] - SCFI (European line) on 2025/11/28 was 1404 dollars/TEU, up 2.71% from the previous period [2][15] - CCFI on 2025/11/28 was 1449.34 points, up 1.14% from the previous period [2][15] - NCFI on 2025/11/28 was 1024.64 points, up 7.67% from the previous period [2][15] Group 2: Market Analysis and Outlook - Contract 12 is moving towards the delivery logic, with P1 around 1550 points. P2 and P3 are benchmarked against the second - half of December cabin space, and the implementation of shipping companies' announced price increases should be observed [3][16] - Contract 02 is neutrally valued, following the spot market in the short - term, and aiming for the peak - season price. The focus should be on cargo - booking. Although high capacity limits the upside, it is expected to rise steadily. Reasons include pre - Spring Festival concentrated shipments not fully realized, strong cargo volume on the European line this year with obvious seasonality, and the contract covering the second - half of January and early February when seasonal price peaks often occur 4 - 5 weeks before the Spring Festival [3][16] - Contract 04 has limited short - term downside space. Attention should be paid to the short - selling opportunities when it may follow the near - month contracts' rise [3][16] Group 3: Recent Spot Market Conditions - The announced price increase in the first half of December failed. In Week 49, the average was 2360 US dollars, equivalent to 1650 points on the futures market [4][17] - In Week 50, MSK's opening price dropped to 2200 US dollars, setting the tone, and other shipping companies followed suit. The current central price is 2270 US dollars, equivalent to 1580 points on the futures market [4][17] - YML reduced the price of two ships in Week 50 by 150 to 1750 US dollars, while MSC increased the price by 200 to 2600 US dollars [4][17] - On Thursday, MSK issued a price - increase notice for the European line in January, raising the price to 3500 US dollars [4][17] Group 4: News and Market Expectations - In 2024 (after the detour), on November 30, MSC announced a price increase to 3500 US dollars, ONE to 2800 US dollars, and MSK's opening price was 2400 US dollars. Shipping companies are expected to announce price increases for January cabin space in early December [13][26] - In the second half of December, MSK's opening price for Week 51 was 2400 US dollars, a 200 - dollar increase from the previous week, equivalent to 1660 points on the futures market [13][26]