Reported 12 months ago
Provided by Yuan Fu Futures, compiled by Chen Yuguang on July 2, 2024, at 4:10 pm from a technical perspective, the shipping futures (SHF) recently showed a high-range consolidation structure, positioned at the confluence of short-term moving averages with current support from the upward-trending seasonal line. Despite ongoing geopolitical issues and labor disputes, the shipping futures market faces potential serious supply-demand imbalances as disruptions in shipping routes and increasing shipping times are observed. On the other hand, global container freight rates continue to rise, with the latest Shanghai Containerized Freight Index (SCFI) hitting a new high. With low thresholds and high operational flexibility, shipping futures offer investors the advantage of low-cost trading, hedging, and improved capital efficiency.
Source: YAHOO