Wednesday Container Index (European Line) Futures contract prices rose collectivelyBaseballarcadegameThe main contract EC2406 closed up 4.Baseballarcadegame.98%. The latest SCFIS European settlement freight index is 2172.14 points, down 2.05 points from last week, and down to-0.1% from the previous month. Hebrot and Dafei Shipping announced that they will continue to raise FAK rates for Asia-Europe routes from April 15, with freight charges for 20-carton and 40-carton shipping routes rising by 4.76% and 5.26% respectively compared with the beginning of the month. In addition, other shipping companies, such as Mediterranean Shipping, have raised FAK rates for the Black Sea and Mediterranean routes. However, the price increase announced by the shipping company does not seem to have received a response from the market, and the real market price of shipping has not risen significantly, which remains to be seen. 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. From the exchange rate point of view, the latest data show that the Fed has a strong economic resilience, which makes the expectation of interest rate cut delayed again, and the possibility of a rapid decline in the exchange rate of the US dollar is unlikely, which has a certain support for container rates. To sum up, European freight rates are still boosted by the Red Sea factor in the short term, while shipping companies are also supported by price increases, while the fundamental situation has not changed, making futures prices fluctuating greatly and trading more difficult. Investors are advised to be cautious and pay attention to operation rhythm and risk control.
Researcher: Cai Yuehui
Futures qualification number: F0251444
Futures investment consulting certificate number: 20013101
Assistant researcher: Li Qiurong
Futures qualification number: F03101823
Disclaimer
The information in this report is derived from publicly available information. Ruida Futures Co., Ltd. strives to be accurate and reliable, but does not guarantee the accuracy and completeness of such information, and therefore invests accordingly and assumes its own responsibility. This report does not constitute personal investment advice, the client should consider whether any comments or recommendations in this report are in line with their specific conditions. The copyright of this report is only owned by our company, and no organization or individual may reproduce, reproduce or publish it in any form without written permission. If quoted or published, the source shall be indicated as the research institute of Ruida Futures Co., Ltd., and this report shall not be quoted, abridged or modified contrary to the original intention.