News summary
Container freight index futures prices fluctuateSafariSpinSafari, some contract prices fell. Although the current cabin offer is upwardSafariSpinSafari, contract futures prices in recent months have room for upside, but short-term gains are limited. Far-moon contract prices need to pay attention to geopolitical trends. Trading advice is to sell high and buy low.
Newsletter text
[The container freight market shows fluctuations] Today, the monthly contract prices of the 1 European line futures of the container freight index continued to experience shocks, but at the close of the market, there was a clear downward trend.
[Prices had a significant downward trend at the close] When the market closed, except for the EC2406 contract, all other monthly contract prices recorded a decline.
[Changes in positions and trading volume] According to the position data of the top 20 institutions on the exchange, the long positions of the EC2406 contract were reduced by 387 lots, and the current positions are 10231 lots; the short positions were reduced by 301 lots, and the position reached 7709 lots. The trading volume surged by 78 lots to 4102 lots. At the same time, long positions in EC2408 contracts increased their holdings by 451 lots, holding positions reached 29154 lots, and short positions reduced their holdings by 14 lots, holding positions dropped to 24610 lots. The trading volume increased significantly by 2495 lots, with a total of 61798 lots.
[Futures prices fluctuate at high levels] Recently, futures prices have remained high and volatile, and current cabin prices are still rising. At the same time, Maersk has increased the peak season surcharge on the European line, which has given certain upward momentum to contract futures prices in recent months.
[Market Outlook and Investment Recommendations] Although it is expected that there will be limited upside in near-month contract prices in the short term, far-month contract prices will be affected by geopolitical trends.
[Trading Strategy Suggestions] In view of the volatility of the market, investors can consider adopting a trading strategy of selling high and selling low within the day to cope with market uncertainty.
