News / Strong trading interest in China’s new container freight futures

Photo: © Kawee Wateesatogkij | Dreamstime.com

China’s Containerized Freight Index Futures saw high trading in its launch week, despite spot Asia-North Europe freight rates losing most of the gains made in the past month.

The EC2408 (August 2024), EC2410 (October 2024) and EC2412 (December 2024) contracts closed the week between 4% and 8% higher than their launch on the Shanghai International Energy Exchange on 18 August.

Prices for the EC2404 (April 2024) contract ended 6% lower than on debut day, but trading volumes were focused on this contract, ...