集运指数（欧线）：6-10正套、8-10正套、10-12反套持有，近月短线或强势反弹

Report Summary 1. Investment Rating No investment rating for the industry is provided in the report. 2. Core View - Hold the 6 - 10 positive spreads, 8 - 10 positive spreads, and 10 - 12 negative spreads of the Container Shipping Index (European Line); the near - month contracts may have a short - term strong rebound [1] 3. Summary by Section 3.1 Fundamental Tracking - Futures Data: - EC2504: Yesterday's closing price was 1,491.0, with a daily decline of 1.37%. The trading volume was 556, and the open interest was 1,509, a decrease of 227. The trading volume to open interest ratio was 0.37, compared to 0.44 the previous day [1] - EC2506: Yesterday's closing price was 1,704.7, with a daily decline of 6.57%. The trading volume was 86,722, and the open interest was 34,705, an increase of 1,945. The trading volume to open interest ratio was 2.50, compared to 2.27 the previous day [1] - EC2508: Yesterday's closing price was 1,703.2, with a daily decline of 8.18%. The trading volume was 34,648, and the open interest was 28,839, an increase of 590. The trading volume to open interest ratio was 1.20, compared to 1.28 the previous day [1] - Freight Rate Index: - SCFIS: The European route was at 1,422.42 points, with a weekly decline of 3.5%. The US - West route was at 1,129.45 points, with a weekly increase of 3.7% [1] - SCFI: The European route was at $1,318/TEU, with a bi - weekly increase of 1.4%. The US - West route was at $2,177/FEU, with a bi - weekly increase of 6.2% [1] - Spot European Line Freight Rates: Different carriers offer various prices and transit times from Shanghai to Rotterdam or Antwerp. For example, Maersk offers a price of $1,868/40'GP and $1,114/20'GP with a 39 - day transit time starting on April 17, 2025 [1] - Exchange Rates: The US dollar index was at 102.95, and the US dollar to offshore RMB exchange rate was 7.39 [1] 3.2 Macro and Industry News - US President Trump halted the comprehensive reciprocal tariffs that took effect on April 9 for 90 days for trade negotiations. A 10% benchmark tariff on all goods entering the US (effective April 5) remains, and tariffs on specific industries continue. There are also hints of possible future tariff increases. The 25% steel and aluminum tariffs (effective March 12) and 25% auto and parts tariffs (effective April 2) are still in place [9] - French President Macron said on April 9 that France may recognize the State of Palestine in June [12] 3.3 Trend Intensity The trend intensity of the Container Shipping Index (European Line) is 1, indicating a neutral - to - slightly positive outlook according to the given classification [13]