集运指数（欧线）：关注开舱指引

Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - The shipping index opened higher and fluctuated yesterday. The main EC2602 contract oscillated between 1700 - 1750 points, closing at 1726.0 points with a 6.73% increase, while the secondary main 2512 contract oscillated around 1800 points, closing at 1792.3 points with a 0.49% increase [11]. - The SCFIS index on November 17th closed at 1357.67 points, a 9.8% (147.1 - point) decrease from the previous period, mainly reflecting the transaction prices of departures in the 46th week [11]. - The spot freight rate's FAK list - price center in the 47th week was about $2270/FEU. Due to Maersk's price cut in the 48th week, the FAK center is expected to drop by $100 - 200/FEU, falling within the range of $2070 - 2170/FEU, corresponding to an SCFIS index of 1450 - 1540 points. In December, the mainstream expectation is a price increase of $300 - 500/FEU, with the FAK center falling within $2400 - 2600/FEU, corresponding to an SCFIS index of 1700 - 1900 points. Attention should be paid to Maersk's 49th - week booking opening guidance, with a high - probability of a higher opening [12]. - For the 2512 contract, it should be treated as oscillating between 1700 - 1900 points, having entered a position - reducing and narrow - range oscillation market. For the 2602 contract, the smoothest market has passed, and it will be an oscillating market in the next 1 - 3 weeks. For the 2604 contract, short positions should be established on rallies on a quarterly basis, with the risk of position - shifting subsidy in early December [13]. 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - Futures Data: EC2512 closed at 1790.0 with a 1.57% increase, EC2602 at 1605.0 with a - 1.16% decrease, and EC2604 at 1157.7 with a - 0.92% decrease. The spread between EC2512 and EC2604 was 632.3, and between EC2602 and EC2604 was 447.3 [1]. - Freight Index: The SCFIS European route index was 1504.80 points with a 24.5% weekly increase, and the SCFIS US - West route index was 1329.71 points with a 4.9% weekly increase. The SCFI European route index was $1417/TEU with a 7.1% bi - weekly increase, and the SCFI US - West route index was $1823/FEU with a - 17.6% bi - weekly decrease [1]. - Spot Freight Rates: Different carriers' spot freight rates for the Shanghai - Rotterdam route varied, with prices for $/40'GP ranging from $1935 - $2810 and for $/20'GP from $1215 - $1855 [1]. - Exchange Rates: The US dollar index was 99.29, and the US dollar against the offshore RMB was 7.10 [1]. 3.2 Macro News - The UN Security Council passed a resolution on Gaza, which was welcomed by the State of Palestine. The resolution aims to establish a permanent and comprehensive cease - fire in Gaza, ensure the unobstructed entry and distribution of humanitarian aid, and affirm the Palestinian people's right to self - determination and the establishment of an independent Palestinian state [9]. - Israel appealed to the International Criminal Court to revoke the arrest warrants for Israeli officials, including Prime Minister Netanyahu and former Defense Minister Gallant, who are accused of crimes against humanity and war crimes during the Gaza conflict [10].