unchainnft| SCFIS European Line Index rose 22.2% month-on-month: the impact of shipping giants increasing online freight rates appears

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[SCFIS European Line Index increased month-on-monthunchainnft, the consolidated transportation market continues to be strong]

On May 20, the SCFIS European Line Index soared to 3,070unchainnft.53 points, an increase of 22.2 percentage points compared with last Friday, showing the strong optimism of the consolidated shipping market about spot prices.

The EC2408 contract fell below the five-day moving average in early trading, but then steadily recovered, demonstrating market participants 'confidence in the main contract.

CMA CGM plans to resume the Suez Canal to the Red Sea route, indicating possible capacity growth in the second half of the year. Although there is concern about overinvestment in new ships, capacity is still tight in the short term.

Industry shipping companies such as Maersk, MSC and CMA CGM Shipping continue to increase freight rates, further supporting market sentiment.

For EC2406 and EC2408 contracts, investors are advised to look for short-term trading opportunities amid wide fluctuations, while emphasizing the guiding role of moving averages on trading.

For medium and long-term investors with high risk tolerance, it is recommended to pay close attention to the anti-hedging opportunities from August to October, grasp market dynamics, and make strategic layout.