According to the Zhihong Finance APP, the shipping stocks are underperforming. As of the time of writing, cosco shipping holdings (01919) is down 3.99%, trading at 11.06 HKD; ooil (00316) is down 2.3%, trading at 101.9 HKD; sitc (01308) is down 2.18%, trading at 20.2 HKD; pacific basin (02343) is down 1.51%, trading at 1.96 HKD; cosco ship engy (01138) is down 1.23%, trading at 6.41 HKD.

On November 25, the main contract of the European line in the container shipping index plummeted sharply in the afternoon, eventually hitting the limit down, and fell over 8% this morning. Jianxin Futures believes that the significant drop might be due to the news that a ceasefire agreement is expected to be reached between Lebanon and Israel, raising expectations for a ceasefire in the Middle East and the reopening of the Red Sea; expectations for price support in December have somewhat diminished, with Maersk lowering the online quote for large containers in the first week of December to 5,200 USD, whereas most shipping companies had previously raised it to around 6,000 USD, which may lead to market expectations that it will be difficult for shipping companies to increase prices in December and may need to further reduce prices to attract cargo.

Guangfa Futures pointed out that the SCFIS European line index published after the market close yesterday was 2,861.6 points, a year-on-year increase of 3.2%, with the growth rate significantly slowing down. Meanwhile, the current SCFI conglomerates index and SCFI European line published last Friday continued to decline, marking two consecutive periods of decline. Since the SCFI index has a certain degree of foresight compared to the SCFIS index, its decline also indicates that shipping companies' quotes are starting to weaken, and there is an expectation that the decline in spot quotes will quickly arrive.