CICC Wealth Futures: European Futures Market Adjusts from High Levels

The European futures market once again shows a high-level adjustment trend, and the intraday fluctuation pattern is still constrained by changes in market sentiment. Some shipping companies continue to raise freight rates in early April, but the demand in the spot market still needs further confirmation. The direction of geopolitical developments in the Middle East remains the core logic driving fluctuations in energy prices, thereby affecting shipping costs and key factors in capacity deployment. It is recommended to stay on the sidelines and mainly watch for changes in the price spread between the near and distant months. (CICC Wealth Futures)

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