Group 1 - The core viewpoint of the article indicates that the overall supply and demand in North America is stabilizing, as reflected in the recent trends of the Maritime Silk Road Index [1] - The Ningbo Container Freight Index (NCFI) reported a value of 1218.0 points, representing a decrease of 3.2% compared to the previous week [1] - Among the 21 shipping routes, 6 routes saw an increase in freight index, while 13 routes experienced a decline, and 2 routes remained stable [1] Group 2 - In the major ports along the "Maritime Silk Road," 3 ports reported an increase in freight index, while 13 ports saw a decrease [1]

| | | | | | | 研究中心能化团队 | | | 2025/7/10 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | ਝ ਦੇ ਕੇ | | 昨日收盘价 | 涨跌 (%) | 基差 | 昨日成交星 | | 昨日持合量 | 持仓变动 | | | EC2508 | | 2012.5 | 0.31 | 245.5 | 25398 | | 31348 | -3709 | | | EC2510 | | 1390.0 | -0.34 | 868.0 | 10290 | | 29642 | -786 | | | EC2512 | | 1553.7 | -1.37 | 704.3 | 2082 | | ୧୦୦୪ | -78 | | | EC2602 | | 1353.4 | -0.38 | 904.6 | | 313 | 3775 | -51 | | | EC2604 | | 1190.8 | 0.40 | 1067.2 | | 657 | ਦੇ ਦੇ ਰੇਡ | -164 | | 期点 | EC2606 | | 1332.5 | ...

| | | | | | | 研究中心能化团队 | | | 2025/7/9 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | ਝ ਕੋ EC2508 | | 昨日收费仪 2006.2 | 3KB (%) 6.23 | 基 251.8 | 昨日成交星 57664 | | 昨日持仓星 35057 | 持仓变动 536 | | | EC2510 | | 1394.7 | 3.31 | 863.3 | 21507 | | 30428 | 150 | | | EC2512 | | 1575.3 | 3.37 | 682.7 | 3733 | | 6176 | 327 | | | EC2602 | | 1358.6 | 2.62 | 899.4 | 740 | | 3826 | 26 | | 期货 | EC2604 | | 1186.0 | 2.21 | 1072.0 | 1364 | | 5761 | FOR | | | EC2606 | | 1335.0 | 1.68 | 923.0 | 130 | | 436 | 18 | | | ...

1. Report Industry Investment Rating - No relevant content provided 2. Core View of the Report - The shipping market, especially the European route, is being closely monitored with details on EC futures contracts, spot prices, and shipping rates. The increasing weekly average shipping capacity from July to August is expected to put significant downward pressure on subsequent freight rates [2] 3. Summary by Related Catalogs EC Futures Contracts - The closing prices of various EC futures contracts on July 7, 2025, showed declines, with EC2508 at 1849.9 (down 2.48%), EC2510 at 1341.9 (down 1.61%), etc [2] - The volume and open interest of different contracts also varied, with EC2508 having a volume of 47769 and an open interest of 36378 (up 431) [2] - The month - spreads between different contracts, such as EC2508 - 2510 at 508.0, showed changes compared to previous days [2] Spot and Index Data - The spot price on June 30, 2025, was 2123.24, with a 9.61% increase from the previous period [2] - SCFI (European route) on July 4, 2025, was 2101 dollars/TEU, up 3.50% from the previous period [2] - CCFI (European route) on July 4, 2025, was 1694.3, up 3.27% from the previous period [2] Shipping Capacity and Rates - The weekly average shipping capacity in July and August 2025 is 295,000 and 313,000 TEU respectively. The shipping capacity in the third week of July is 320,000 TEU, and the first week of August is 340,000 TEU [2] - The freight rates in the first half of July landed at around 3380 US dollars (equivalent to 2350 points). The shipping company quotes in the second half of July are generally stable, with an average of 3500 US dollars (equivalent to 2500 points) [3] Related News - On July 7, indirect cease - fire negotiations in Gaza restarted in Doha, Qatar. Trump will meet with Netanyahu on Monday to discuss details of the Gaza cease - fire agreement [4]

2025年7月4日 集运日报 (航运研究小组) "大而美"法案通过，关注美国终端消费是否有所提振，空单已建议全部止盈，建议轻仓参与或观望。 弈激烈，盘面宽幅震荡。之后需对关税政策、中东局势以及现货运价 情况关注。 短期策略: 短期盘面或以反弹为主,已建议2508合约反弹至2000以上 建议轻仓试空（200点以上的利润空间），空单可考虑止盈，风险偏好 者已建议2510合约1300以下轻仓试多，设置好止损止盈。 套利策略: 国际局势动荡背景下，波动较大，暂时以观望为主。 长期策略：各合约已建议冲高止盈，等待回调企稳后，在判断后续方向 跌涨停板:2506-2604合约调整为16%。 我司保证金：2506-2604合约调整为26%。 日内开仓限制: 2506-2604所有合约为100手。 财联社7月2日电，巴勒斯坦伊斯兰抵抗运动（哈马斯）发表声明称，正在研究新收到的加沙地带停火协议草案，并强调，希望最终的停火协议在保证以色 列从加沙地带全面撤军的同时，还能为加沙人民提供足够的人道主义援助。 财联社7月3日电，据央视新闻，美国东部时间7月3日凌晨，北京时间今天下午，美国共和党掌控的国会众议院推进了总统特朗普的大规模减税 ...

智通财经6月27日电，据宁波航运交易所消息，本周，宁波航运交易所发布的海上丝绸之路指数之宁波 出口集装箱运价指数（NCFI）报收于1366.5点，较上周下跌1.1%。21条航线中有5条航线运价指数上 涨，16条航线运价指数下跌。"海上丝绸之路"沿线地区主要港口中，1个港口运价指数上涨，15个港口 运价指数下跌。此外，本周澳新航线市场波动较大：班轮公司持续控制航线运力偏紧，供小于需运价大 幅推涨。澳新航线运价指数为1386.8点，较上周上涨25.3%。 宁波航交所：本周澳新航线市场波动较大 运价指数较上周涨25.3% ...

Elth | | | | | | | | 研究中心能化团队 2025/6/25 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | જ્યો EC2506 | | 昨日收盘价 1888.1 | 3KS (%) 0.27 | 電影 49.0 | 昨日成交量 491 | 昨日持仓量 | 2776 | 持仓变动 - 585 | | | EC2508 EC2510 | | 1772.0 1304.6 | -5.49 -4.77 | 165.1 632.5 | 71614 21428 | | 44791 31621 | -2 262 107 | | | EC2512 | | 1457.5 | -4.74 | 479.6 | 3365 | | 7017 | કેલા | | | EC2602 | | 1306.6 | -4.77 | 630.5 | 1354 | | 3369 | 430 | | 期货 | EC2604 | | 1151.0 | -4.86 | 786.1 | 2422 | | 5101 | ਰੇ ਦੇ | | | ...

2025年6月24日 集运日报 (航运研究小组) 原油大跌7%，以伊停火消息放出，盘面昨日高开低走，符合日报预期，近期博弈难度较大，建议轻仓参与或观望, 力求报告内容的客观、公正，但文中的观点、结论和建议仅供参考、在任何情况下，报告中的信息或所表达的意见并不勾成所达期货买卖的出价或征价，交易者出此 任何投资决策与本公司和作者无关，请交易者务必独立进行交易决策。我公司不对交易结果做任何保证，不对因本报告的内容而引致的损失承担任何责任。 .2.市场具有不确定性、过在策略观点的财合并不探记当前策略观点的正确。公司及其他研究员可能发表与本策略观点不同甚至相反的意见。报告所载资料、意见及胜测V 映研究人员于发出本报告当日的判断,可随时更改目无需另行通告。 | SCFIS、NCFI运价指数 | | | --- | --- | | 6月23日 | 6月20日 | | 上海出口集装箱结算运价指数SCFIS（欧洲航线）1937.14点，较上期上涨14.1% | 宁波出口集装箱运价指数NCFI（综合指数）1382.05点，较上期下跌10.07% 宁波出口集装箱运价指数NCFI（欧洲航线）1299.58点，较上期下跌0.64% | ...

| | | | | | | | 研究中心能化团队 2025/6/20 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 导演 | | 昨日收盘价 | 涨跌 (%) | 基美 | 昨日成交量 | 昨日持仓量 | 持仓变动 | | | | EC2506 | | 1891.5 | -0.34 | -268.7 | 731 | | 3840 | -393 | | | EC2508 | | 2022,2 | -3.34 | -399.4 | 49426 | | 42575 | -192 | | | EC2510 | | 1406.1 | -1.53 | 216.7 | 10374 | | 28919 | -203 | | | EC2512 | | 1590.5 | -0.32 | 32.3 | 1243 | | 6167 | 23 | | | EC2602 | | 1438.0 | 0.55 | 184.8 | 303 | | 2923 | 42 | | | | EC2604 | 1236.9 | -0.55 | 385.9 ...

| | | | | | | | 研究中心能化团队 2025/6/17 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 合约 | | 昨日收盘价 | 涨跌 (%) | 基美 | 昨日成交量 | 作目寄合量 | | 持仓变动 | | | EC2506 | | 1934.3 | -0.19 | -681.5 | 1661 | | 5204 | -238 | | | EC2508 | | 2030.0 | -1.84 | -777.2 | 65871 | | 43658 | -1186 | | | EC2510 | | 1414.7 | -214 | -161.9 | 17666 | | 29238 | 328 | | | EC2512 | | 1611.2 | -1.39 | -358.4 | 2908 | | 6332 | -(54 | | | EC2602 | | 1453.6 | -1.30 | -200.8 | 754 | | 3131 | 84 | | | EC2604 | | 1273.7 | -1.12 | ...