Why does the container shipping index (European line) appear to be "near strong and far weak"?

Gold Ten Futures, August 20th, Monday, the container shipping index (European line) futures fell sharply, the far month contract intraday fell by the limit, and the near month contract performance was relatively stable. Yide Futures analysis pointed out that driven by the weakening demand for European line transportation, the spot freight rate accelerated downward, forming obvious pressure on the futures price. At the same time, the far month contract due to the lack of fundamental support and cash market quotation guidance, the market pessimism is concentrated release. The front month contract disk performance was stable, EC2408 and EC2410 contracts were not affected, mainly because the short-term fundamentals still have some support. Judging from the current online booking freight rates in August, although mainstream shipping companies continue to cut freight rates, they are still at relatively high levels over the years, superimposed on the basis to repair the futures price discount, forming support for the contract in the near month. According to the current shipping market fundamentals, although spot freight rates have fallen, the bottom support formed by < b > Red Sea circumnavigation is still , and it is expected that it will not directly fall back to the freight level before the Red Sea crisis in the short term. However, in the context of the lack of further increase in market cargo volume and the weakening of overall demand, it is expected that freight support will continue to decline. The way of < b > freight rate correction is likely to show a slow shock decline .