The futures contract price of Container Index (European Line) diverged on Monday, with the main contract EC2406 closing up 6%.Megamillionspayouttoday.94%, far-month contracts fell by 2-4%. The latest SCFIS European settlement freight index is 2208.83 points, up 32.89 points from last week and 1.5% from the previous month. Hamas attacked the Israeli border crossing, the cease-fire negotiations ended in vain, and the geopolitical situation has not yet improved, adding to market concerns and providing some support for futures prices. At the same time, Mediterranean Shipping and Herberot also announced increases in May freight rates after Dafei and Maersk, and shipping companies collectively raised prices to further boost spot-end prices. In addition, the Houthi said that they may expand their operations in the Indian Ocean, and the situation is difficult to change in the short term, and the Red Sea crisis may continue until early next year. From the perspective of medium-and long-term fundamentals, the supply pressure of the shipping industry remains unabated, while the European economy lacks resilience, and high inflation and high interest rates will continue to drag down the recovery of the euro zone economy. In terms of exchange rates, the latest data show that non-farmers in the United States were weaker than expected in April, leading the market to expect the Federal Reserve to cut interest rates for the first time in September, and the US dollar exchange rate is unlikely to fall rapidly. there is some support for container rates. To sum up, European freight rates are boosted by geopolitical factors in the short term, while the price increases of shipping companies are also supported, but the fundamental situation has not changed, which makes futures prices fluctuate greatly and make transactions more difficult. Investors are advised to be cautious and pay attention to operation rhythm and risk control.
ResearcherMegamillionspayouttodayCai Yuehui
Futures qualification number: F0251444
Futures investment consulting certificate number: 20013101
Assistant researcher: Li Qiurong
Futures qualification number: F03101823
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