EC futures recovered essentially all of their losses after a volatile week with
the longer dated contracts slumping to their 16% limit down levels on 11 June in
reaction to the UN ceasefire resolution adopted on 10 June but rebounded over
the next 3 trading days with little change to their pre-UN resolution levels.
The main EC2408 contract was up 2% WoW, but could extend its gains this week
following the SCFIS’ 10.8% WoW gain on 17 Jun. The new capacity additions on the
Asia-North Europe route