CICC Wealth Futures: European Futures Market Diverges, Shipping Companies Raise Freight Rates

The European freight futures market shows a split trend, with the benchmark 04 contract surging, while deferred-month contracts rebound sharply and then fall back. The United States said it would take measures to stabilize oil prices and protect oil tankers in the Gulf region; the market’s panic sentiment has eased, and crude oil prices have begun to adjust. Although some shipping companies have recently raised freight rates and imposed surcharges, the limit-up streak for three consecutive trading days has fully reflected the short-term positive factors. With the exchange’s measures to adjust the limit-up and limit-down幅度 and the trading margin ratio, market trading sentiment is expected to weaken. The market may see a pullback; it is recommended to reduce long positions on strength. (China Galaxy Wealth Futures)