Group 1: Report Overview - The report is from the Energy and Chemicals Team of the Research Center, dated February 2, 2026 [2] Group 2: Contract Data Contract Price and Volume - EC2602: Yesterday's close was 1716.7, down 0.05%, with a basis of 142.6, volume of 453, and open interest of 2551, down 261 [2] - EC2604: Yesterday's close was 1227.0, down 1.82%, with a basis of 632.3, volume of 25237, and open interest of 35881, down 3788 [2] - EC2606: Yesterday's close was 1542.8, down 2.11%, with a basis of 316.5, volume of 5606, and open interest of 12303, up 997 [2] - EC2608: Yesterday's close was 1607.0, down 2.33%, with a basis of 252.3, volume of 694, and open interest of 1594, down 72 [2] - EC2610: Yesterday's close was 1122.5, down 2.49%, with a basis of 736.8, volume of 2674, and open interest of 8134, down 799 [2] Month - Spread Data - EC2502 - 2604: The previous day's spread was 489.7, with a daily increase of 21.9 and a weekly decrease of 36.8 [2] - EC2504 - 2606: The previous day's spread was - 315.8, with a daily increase of 10.5 and a weekly decrease of 68.4 [2] Group 3: Spot Market Data - The spot (European Line) "ટરનાટ" index on January 26, 2026 was 1859.31 points, down 4.86% from the previous period [2] - The SCFI (European Line) on January 30, 2026 was $1418/TEU, down 11.10% from the previous period [2] Group 4: Market Analysis and Recommendations Short - Term Market - Geopolitical tensions, stable Maersk February quotes, and expected March rush shipments may prevent short - term price drops [3] Near - Month Contracts - For the 04 contract, shorting should be done with caution. Watch for significant premiums. Pay attention to PA Alliance quotes and geopolitical situations [3] Far - Month Contracts - Short the 10 contract on rallies, based on the logic of off - season and tax - refund negatives. The valuations of 06 and 08 are hard to determine, and they will fluctuate widely within a reasonable range. Operate with caution under geopolitical uncertainties [3] Group 5: European Line Spot Situation - Downstream is booking February 2 (Week 6 - 7) cabins. Ships are receiving good cargo, but the pressure to attract cargo is increasing, and shipping companies need to attract cargo for ships during the Spring Festival [4] - The price center in Week 7 is $2140, equivalent to 1500 points on the futures. Maersk's Week 8 - 9 quotes are $1950 (unchanged from the previous period), and other shipping companies are also keeping their quotes unchanged for now [4] Group 6: News and Geopolitical Situation Military Exercise News - On February 1, Iranian officials said media reports about an Iranian Revolutionary Guard military exercise in the Strait of Hormuz were false, and no official statement had been issued [5] Diplomatic Negotiation News - On February 2, the US signaled a willingness to negotiate with Iran, and a meeting may be held in Turkey. However, experts believe that although both sides have a willingness to negotiate, there are serious differences, and the negotiation prospects are difficult [5][6]