瑞达期货集运指数（欧线）期货日报-20251117

1. Report Industry Investment Rating - There is no information about the report industry investment rating in the provided content. 2. Core Viewpoints of the Report - On Monday, the futures prices of the container shipping index (European line) rose collectively. The main contract EC2602 closed up 6.73%, and the far - month contracts rose between 1 - 3%. The latest SCFIS European line settlement freight rate index was 1357.67, down 147.13 points from last week, a 9.8% month - on - month decline, falling again. The manufacturing PMI data in China in October declined more than seasonally, and the new export order index dropped significantly by 1.9 percentage points to 45.9, with export growth turning from an increase to a decrease, indicating that the recovery foundation of terminal transportation demand is not solid. Shipping companies are more active in price support than before, and cooperate with blank sailings to adjust capacity, promoting a rebound in freight rates. The geopolitical situation, especially the Israel - Palestine conflict, is in a very delicate and unstable stage, delaying the expectation of the resumption of navigation in the Red Sea. The better - than - expected German economy has boosted market confidence and stimulated the economic recovery in the eurozone. If the proposed fiscal expansion policy of the new German government has clearer details, it will enhance investors' confidence in the medium - term growth of the eurozone. The current freight rate market is greatly affected by news, and the futures price is expected to fluctuate more sharply. Investors are advised to be cautious, pay attention to the operation rhythm and risk control, and track geopolitical, capacity and cargo volume data in a timely manner [1]. 3. Summary According to Relevant Catalogues 3.1 Futures Market Data - EC main contract closing price: 1726.00, up 108.8; EC second - main contract closing price: 1187.7, up 24.6. - EC2602 - EC2605 spread: 538.30, up 91.00; EC2602 - EC2606 spread: 322.10, up 95.00. - EC contract basis: - 368.33, down 268.13. - EC main contract open interest: 38880, up 837 [1]. 3.2 Spot Market Data - SCFIS (European line) (weekly): 1357.67, down 147.13; SCFIS (US West line) (weekly): 1238.42, down 91.29. - SCFI (composite index) (weekly): 1451.38, down 43.72; container ship capacity (10,000 TEUs): 1227.97, unchanged. - CCFI (composite index) (weekly): 1094.03, up 35.86; CCFI (European line) (weekly): 1403.64, up 36.79. - Baltic Dry Bulk Index (daily): 2125.00, down 48.00; Panamax Freight Index (daily): 1897.00, unchanged. - Average charter price (Panamax ship): 17564.00, unchanged; average charter price (Cape - size ship): 26315.00, up 2265.00 [1]. 3.3 Industry News - The US Trade Representative Greer will visit Europe from November 19th to 22nd for more trade negotiations. Greer said that the tariffs imposed by the EU on US export products are still too high. - The Ministry of Culture and Tourism has reminded Chinese tourists to avoid traveling to Japan recently, and the Ministry of Education has issued a study - abroad warning. - The European Council announced that EU finance ministers agreed to abolish the rule that allows goods worth less than 150 euros to enter the EU duty - free. - South Korea and the US reached an agreement on tariffs and defense issues and signed a memorandum of understanding on a $350 billion investment project by South Korea in the US. For South Korean products exported to the US with a tax rate of 15% or more, the US will no longer impose "additional tariffs", and products with a tax rate lower than 15% will be raised to 15%. The US will also reduce the tariffs on South Korean cars, auto parts, wood, sawn timber and wood products to 15% [1]. 3.4 Key Data to Focus On - November 18th, 22:15: US industrial production monthly rate for October. - November 18th, 23:00: US NAHB housing market index for November. - November 18th, 23:00: US factory orders monthly rate for August [1].