集运指数（欧线）：等待开舱指引

1. Report Industry Investment Rating - The trend strength of the Container Shipping Index (European Line) is rated as neutral, with a value of 0 [12]. 2. Core Viewpoints of the Report - The Container Shipping Index (European Line) opened lower and moved higher yesterday. The SCFIS index being lower than market expectations and the information of the 46th - week quotation readjustment put pressure on the morning session, while the market pulled up during the afternoon session when Maersk opened bookings [9]. - For the 2512 contract, it is advisable to wait and see for the moment. It is valued around 1900 points (roughly corresponding to $2600/FEU), factoring in the expected implementation of three rounds of price increases [11]. - The 2602 contract has a stronger speculative nature, involving speculations on the late - coming Spring Festival, the possibility of resuming voyages, and the height of December freight rates [12]. - For the 2604 contract, it is recommended to short at high levels on a quarterly basis [12]. 3. Summary by Related Catalogs 3.1 Fundamental Tracking 3.1.1 Futures - EC2512 closed at 1909.9, up 3.82%, with a trading volume of 29,673 and an open interest of 30,915, an increase of 1595 in open interest [1]. - EC2602 closed at 1593.7, up 0.73%, with a trading volume of 5,808 and an open interest of 19,690, an increase of 909 in open interest [1]. - EC2604 closed at 1190.0, up 0.87%, with a trading volume of 1,899 and an open interest of 14,356, a decrease of 151 in open interest [1]. 3.1.2 Freight Rates - The SCFIS European route index was 1208.71, down 7.9% week - on - week; the SCFIS US - West route index was 1267.15, up 14.4% week - on - week [1]. - The SCFI European route index was $1344/TEU, up 7.9% bi - weekly; the SCFI US - West route index was $2647/FEU, up 22.9% bi - weekly [1]. 3.1.3 Spot Freight Rates - In the 46th week, the lowest market price quote came from the PA Alliance, with FAK readjusted to $1700 - 1800/FEU and the lowest SPOT quote at $1500/FEU. The Gemini Alliance's online quotes ranged from $1900 - 2300/FEU, with HPL reducing its quote by $200 to $1900/FEU. The OA Alliance had the highest quotes but they were also being adjusted downwards. MSC's face - value remained at $2265/FEU, with an offline SPOT of $1840/FEU [10]. 3.2 Macro News - The White House stated that the trade teams are still having serious consultations regarding US - India relations, and Trump and Indian Prime Minister Modi often communicate [8]. - The US government shutdown deadlock continues, and the record of 35 days is about to be broken as the US Senate failed to pass the federal government's temporary appropriation bill on November 4th [8].