集运日报：盘面持续回调，多头情绪减弱，盘面持续下行，已建议全部止盈，符合日报预期，关注11月运价中枢-20251110

Group 1: Report Overview - The report is the Container Shipping Daily on November 10, 2025, focusing on the container shipping industry [1] Group 2: Market Conditions - The market's bullish sentiment has weakened, some long - positions have been continuously reduced, and the market has been declining. The 2512 main contract closed at 1812.0 on November 7, with a decline of 1.79%, a trading volume of 17,100 lots, and an open interest of 25,900 lots, a decrease of 2,525 lots from the previous day [3] - The SCFIS and NCFI freight rate indices showed mixed trends. For example, the SCFIS (European route) on November 3 was 1208.71 points, down 7.9% from the previous period, while the SCFIS (US West route) was 1267.15 points, up 14.4% [2] - In October, the eurozone's manufacturing PMI was 45.9, the service PMI was 51.2, and the composite PMI was 49.7. In the US, the service PMI was 55.2, the manufacturing PMI was 52.2, and the composite PMI was 54.8. China's manufacturing PMI in October was 49.0%, and the composite PMI output index was 50.0% [2][3] - Sino - US tariffs have been extended, and the negotiation has not made substantial progress. The tariff issue has shown a marginal effect, and the current core is the trend of spot freight rates [3] Group 3: Strategies Short - term Strategy - The main contract remains weak, and the far - month contracts are strong, which is in line with the bottom - building judgment. Risk - preferring investors were advised to build positions in the EC2512 contract below 1500 (with a profit margin of over 300 points), and all positions have been advised to take profit. Attention should be paid to the subsequent market trend, and it is not recommended to hold positions without stop - loss [4] Arbitrage Strategy - Given the volatile international situation, each contract still follows the seasonal logic with large fluctuations. It is recommended to wait and see or try with a light position [4] Long - term Strategy - All contracts have been advised to take profit when the price rises, and then wait for the price to stabilize after the correction before judging the subsequent direction [4] - The daily trading limit for contracts 2508 - 2606 has been adjusted to 18%, the company's margin has been adjusted to 28%, and the daily opening limit for all contracts from 2508 - 2606 is 100 lots [4] Group 4: Future Focus - Future attention should be paid to tariff policies, the Middle East situation, and spot freight rates [3]