行业 集运指数日报 日期 2025 年 11 月 25 日 ＃summary＃ 每日报告 研究员：何卓乔(宏观贵金属) 18665641296 hezhuoqiao@ccb.ccbfutures.com 期货从业资格号：F3008762 研究员：黄雯昕(国债集运) 021-60635739 huangwenxin@ccb.ccbfutures.com 期货从业资格号：F3051589 研究员：聂嘉怡(股指) 021-60635735 niejiayi@ccb.ccbfutures.com 期货从业资格号：F03124070 宏观金融团队 请阅读正文后的声明 | | | 表1：集运欧线期货11月24日交易数据汇总 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 合约 | 前结算 价 | 开盘价 | 收盘价 | 结算价 | 涨跌 | 涨跌幅 （%） | 成交量 | 持仓量 | 仓差 | | EC2512 | 1,767.5 | 1,775.0 | 1,779.7 | 1,779.7 | 12.2 | 0 ...

2025 年 11月 25 日 o o 投资咨询从业资格号: Z0021502 郑玉洁 zhengyujie@gtht.com 黄柳楠 投资咨询从业资格号: Z0015892 huangliunan@gtht.com 【基本面跟踪 表 1:集运指数(欧线)基本面数据 | | | 昨日收盘价 | 日 涨跌 | 昨日成交 | 昨日持仓 | | 持仓变动 昨日成交/持仓 | | 前日成交/持仓 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | EC2512 | 1.779.7 | 0. 69% . | 1,541 | 6, 862 | -461 | 0.22 | | 0. 27 | | 期货 | EC2602 | 1.568. 6 | -0. 54% | 17.415 | 43. 333 | -100 | 0. 40 | | 0. 66 | | | EC2604 | 1.142.1 | -0. 45% | 1.676 | 16. 096 | 135 | 0.10 | | 0. 17 | | | EC2512 - EC2604 | ...

ગુટ EBATA | | | | | | | 研究中心能化团队 | | | 2025/11/24 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 合约 EC2512 | | 昨日收盘价 1773.9 | 涨跌 -0.10% | 基美 -416.2 | 昨日成交量 1997 | | 昨日持仓量 7323 | 持仓变动 -7/-37 | | | EC2602 | | 1556.1 | -4.59% | -198.4 | 28701 | | 43433 | 1404 | | | EC2604 | | 1133.2 | -2.56% | 224.5 | 2776 | | 15961 | -53 | | | EC2606 | | 1350.0 | -2.25% | 7.7 | 275 | | 1565 | -10 | | 期货 | EC2608 | | 1474.3 | -2.04% | -116.6 | 246 | | 1324 | 100 | | | EC2610 | | 1099.1 | -0.89% | 258.6 | 4 ...

行业 集运指数日报 日期 2025 年 11 月 18 日 研究员：何卓乔(宏观贵金属) 18665641296 hezhuoqiao@ccb.ccbfutures.com 期货从业资格号：F3008762 宏观金融团队 请阅读正文后的声明 ＃summary＃ 每日报告 | | | 表1：集运欧线期货11月17日交易数据汇总 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 合约 | 前结算 价 | 开盘价 | 收盘价 | 结算价 | 涨跌 | 涨跌幅 （%） | 成交量 | 持仓量 | 仓差 | | EC2512 | 1,783.5 | 1,800.0 | 1,792.3 | 1,802.5 | 8.8 | 0.49 | 7097 | 12086 | -2434 | | EC2602 | 1,617.2 | 1,720.0 | 1,726.0 | 1,727.9 | 108.8 | 6.73 | 44502 | 38880 | 837 | | EC2604 | 1,163.1 | 1,170.2 | ...

Report Information - Report Name: "集运指数日报" [1] - Date: November 7, 2025 [2] - Research Team: Macro Financial Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] Report Summary - **Industry Investment Rating**: Not provided - **Core View**: Although actual demand may not support a large price increase, the bottom of container shipping rates within the year may have appeared, and it is recommended to maintain the idea of buying on dips for the December contract. The conflict in the Middle East is expected to be difficult to resolve within the year, and the Red Sea may still be difficult to resume shipping in the short term [8] Section Summaries 1. Market Review and Operation Suggestions - **Market Situation**: As the year - end peak season and long - term contract season approach, shipping companies continue to raise quotes for November and December, but the increase is lower than before. The SCFIS index has declined again, and it is difficult for price increases to fully materialize. The actual demand may not support large price increases, but the bottom of container shipping rates within the year may have appeared. The conflict in the Middle East is frequent and difficult to resolve, and the Red Sea may not resume shipping in the short term [8] - **Operation Suggestions**: Continue to maintain the idea of buying on dips for the December contract [8] 2. Industry News - **Market Conditions in Late October**: From October 27 to 31, the China export container shipping market was good, with stable overall transport demand. Most route market freight rates continued to rise, driving the comprehensive index up. The Shanghai Export Containerized Freight Index on October 31 was 1550.70 points, up 10.5% from the previous period [9] - **European Routes**: In October, the eurozone's composite PMI rose to 52.2, better than market expectations. The market freight rate continued to rise, and on October 31, the freight rate from Shanghai Port to European basic ports was 1344 US dollars/TEU, up 7.9% from the previous period [9] - **Mediterranean Routes**: The market situation was basically the same as that of European routes, and the spot booking price continued to rise. On October 31, the freight rate from Shanghai Port to Mediterranean basic ports was 1983 US dollars/TEU, up 12.4% from the previous period [9] - **Military News in the Middle East**: Israel carried out military operations in Lebanon and Gaza, and the situation in the region remained tense [10] - **Sino - US Trade Consensus**: After the talks between Chinese and US leaders in Busan, South Korea, the two sides reached a new trade consensus. China will suspend additional export controls on rare earths and other key minerals, terminate antitrust and anti - dumping investigations against US semiconductor supply chain - related enterprises, and the US will take corresponding measures [10][11] 3. Data Overview 3.1 Container Shipping Spot Prices | Route | Price on 2025/11/3 | Price on 2025/10/27 | Change | Month - on - Month (%) | | --- | --- | --- | --- | --- | | SCFIS: European Routes (Basic Ports) | 1208.71 | 1312.71 | - 104 | - 7.9% | | SCFIS: US West Routes (Basic Ports) | 1267.15 | 1107.32 | 159.83 | 14.4% | [13] 3.2 Container Shipping Index (European Routes) Futures Quotes | Contract | Previous Settlement Price | Opening Price | Closing Price | Settlement Price | Change | Change (%) | Trading Volume | Open Interest | Open Interest Change | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | EC2512 | 1,923.4 | 1,899.0 | 1,848.2 | 1,845.1 | - 75.2 | - 3.91 | 35518 | 28412 | - 5660 | | EC2602 | 1,631.4 | 1,622.0 | 1,601.0 | 1,597.1 | - 30.4 | - 1.86 | 9591 | 22625 | 273 | | EC2604 | 1,195.8 | 1,194.0 | 1,178.0 | 1,176.4 | - 17.8 | - 1.49 | 2051 | 14208 | - 329 | | EC2606 | 1,419.8 | 1,428.8 | 1,414.2 | 1,404.7 | - 5.6 | - 0.39 | 132 | 1455 | - 9 | | EC2608 | 1,498.1 | 1,490.1 | 1,484.0 | 1,497.0 | - 14.1 | - 0.94 | 120 | 1306 | - 31 | | EC2610 | 1,140.0 | 1,140.0 | 1,140.0 | 1,138.6 | 0.0 | 0.00 | 269 | 1432 | 156 | [6] 3.3 Shipping - Related Data Charts - The report also provides multiple charts, including the Shanghai Export Containerized Freight Index, container shipping index (European routes) futures trends, European container ship capacity, global container ship order backlog, Shanghai - European basic port freight rates, and Shanghai - Rotterdam spot freight rates, with data sources from Wind and the Research and Development Department of Jianxin Futures [13][17][19]

1. Report Information - Report Type: Daily Report on Container Shipping Index [1] - Date: September 30, 2025 [2] - Research Team: Macro Financial Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] 2. Investment Rating - No investment rating information is provided in the report. 3. Core View - The SCFIS index accelerated its decline this week, falling below 1130 points, indicating that the shipping reality is weaker than expected, and the basis protection cushion for futures has significantly decreased. Although Maersk raised the freight rate for the third week of October to $1800 per large container last week, which shows the shipowners' willingness to support prices at the end of the year and boosts market sentiment, the overall loading forecast rate after the National Day holiday is low, and this price may not be realized. Attention should be paid to whether other shipping companies will follow up to form a price increase force to bottom out the freight rate. In addition, the renewed escalation of the Middle East situation is expected to support the far - month contracts, and there should be low - buying opportunities in December [8]. 4. Summary by Directory 4.1 Market Review and Operation Suggestions - **Market Situation**: The SCFIS index accelerated its decline this week, falling below 1130 points, with the basis protection cushion for futures significantly decreasing. Maersk raised the October third - week freight rate, but the post - National Day loading forecast rate is low, and the price may not be realized. The Middle East situation is expected to support far - month contracts [8]. - **Operation Suggestion**: There should be low - buying opportunities in December [8]. 4.2 Industry News - From September 22 to September 26, the demand for China's export container transportation weakened, the freight rates in the ocean - going routes continued to adjust, and the comprehensive index continued to decline. On September 26, the Shanghai Export Container Comprehensive Freight Index was 1114.52 points, down 7.0% from the previous period, with the decline narrowing. - **European Routes**: Economic data in Europe is poor, demand growth in the transportation market lacks momentum, and the spot market booking price continued to decline. On September 26, the market freight rate from Shanghai Port to basic ports in Europe was $971/TEU, down 7.7% from the previous period. - **Mediterranean Routes**: The transportation market situation is similar to that in Europe, and the market freight rate continued to adjust. On September 26, the market freight rate from Shanghai Port to basic ports in the Mediterranean was $1485/TEU, down 9.3% from the previous period. - **North American Routes**: Affected by the Fed's interest rate cut and rising inflation expectations, the economic situation in the US is declining, demand in the transportation market has not improved, and the spot market booking price continued to fall. On September 26, the market freight rates from Shanghai Port to basic ports in the US West and East were $1460/FEU and $2385/FEU respectively, down 10.8% and 6.7% from the previous period [9]. 4.3 Data Overview 4.3.1 Container Shipping Spot Prices | Route | September 29, 2025 | September 22, 2025 | Change | Percentage Change | | --- | --- | --- | --- | --- | | SCFIS: European Routes (Basic Ports) | 1120.49 | 1254.92 | - 134.43 | - 10.7% | | SCFIS: US West Routes (Basic Ports) | 921.25 | 1193.64 | - 272.39 | - 22.8% | [12] 4.3.2 Container Shipping Index (European Routes) Futures Market | Contract | Previous Settlement Price | Opening Price | Closing Price | Settlement Price | Change | Percentage Change (%) | Trading Volume | Open Interest | Change in Open Interest | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | EC2510 | 1150.8 | 1141.0 | 1115.0 | 1122.0 | - 35.8 | - 3.11 | 16679 | 29314 | - 3117 | | EC2512 | 1880.6 | 1763.0 | 1756.3 | 1735.0 | - 24.3 | - 1.36 | 11879 | 20683 | - 1012 | | EC2602 | 1691.9 | 1668.1 | 1667.0 | 1644.7 | - 24.9 | - 1.47 | 4011 | 8852 | 84 | | EC2604 | 1279.1 | 1260.0 | 1253.0 | 1253.1 | - 26.1 | - 2.04 | 1189 | 9110 | 11 | | EC2606 | 1482.6 | 1463.6 | 1452.7 | 1453.8 | - 29.9 | - 2.02 | 97 | 930 | - 8 | | EC2608 | 1631.0 | 1601.1 | 1595.0 | 1598.9 | - 36.0 | - 2.21 | 75 | 530 | - 12 | [6] 4.3.3 Shipping - Related Data Charts - The report provides charts on Shanghai Export Container Settlement Freight Index, Container Shipping Index (European Routes) Futures, European container ship capacity, global container ship orders on hand, Shanghai - European basic port freight rates, and Shanghai - Rotterdam spot freight rates, with data sources from Wind and the Research and Development Department of Jianxin Futures [12][14][18][23][26]

Report Summary 1. Report Industry Investment Rating - No relevant information provided. 2. Core Viewpoints - The spot market has a risk of price - cutting recently, and the futures market is expected to remain weak. Contract 12 has a relatively high - neutral valuation and may decline more in the short term. In the medium term, there are multiple upward drivers. Contract 02 has a higher cost - performance for long - positions compared to 12, and contract 04 has a high valuation, is suitable for short - positions in the short term but has low liquidity [2]. 3. Summary by Related Catalogs Futures Contract Information - **Contract Prices and Changes**: EC2510 closed at 1105.9 with a - 0.34% change; EC2512 at 1645.3 with a - 1.60% change; EC2602 at 1566.1 with a - 0.80% change; EC2604 at 1255.2 with a - 2.52% change; EC2606 at 1453.5 with a - 1.03% change [2]. - **Volume and Open Interest**: EC2510 had a trading volume of 19585 and an open interest of 47173 with a change of - 2436; EC2512 had a volume of 9304 and an open interest of 20570 with a change of 183; EC2602 had a volume of 1549 and an open interest of 7215 with a change of 110; EC2604 had a volume of 1289 and an open interest of 8534 with a change of 200; EC2606 had a volume of 68 and an open interest change of 12 [2]. - **Monthly Spread**: EC2510 - 2512 spread was - 539.4, with a day - on - day increase of 22.9 and a week - on - week decrease of 86.8; EC2512 - 2602 spread was 79.2, with a day - on - day decrease of 14.0 and a week - on - week decrease of 30.2 [2]. Spot Index Information - **SCFIS (European Line)**: As of 2025/9/15, it was 0, down 100.00% from the previous period and - 11.68% from two periods ago [2]. - **SCFI**: As of 2025/9/12, it was 1154 dollars/TEU, down 12.24% from the previous period and - 11.21% from two periods ago [2]. - **CCFI**: As of 2025/9/12, it was 1537.28 points, down 6.19% from the previous period and - 2.79% from two periods ago [2]. - **NCFI**: As of 2025/9/12, it was 729.42 points, down 14.78% from the previous period and - 7.92% from two periods ago [2]. Recent European Line Quotation - **Week 39**: The average quotation was 1600 dollars (equivalent to 1150 points). MSK was initially 1500 dollars and then rose to 1570 dollars, PA Alliance was 1550 - 1600 dollars, and OA Alliance was 1600 - 1720 dollars [3]. - **Week 40**: The average was 1525 dollars (equivalent to 1060 points). MSK opened at 1400 dollars, OOCL dropped to 1500 - 1550 dollars, and YML dropped to 1400 dollars [3]. - **Week 41**: MSK quoted 1400 dollars [3]. - **Thursday**: YML lowered the freight rates for Week 39 - 41 to 1300 dollars, the lowest of the year, equivalent to about 900 points. CMA dropped 100 dollars to 1600 dollars, and EMC quoted 1500 dollars for Week 40 [3]. News - On September 19, a Hamas senior official stated that the organization would not conduct negotiations currently due to Israel's continuous attacks. On the same day, the US vetoed a UN Security Council resolution on a cease - fire in Gaza [3].

Report Overview - The report focuses on the container shipping index (European routes) as of September 11, 2025, providing an analysis of its market trends, fundamental data, and investment strategies [1]. 1. Report Industry Investment Rating - Not provided in the given content. 2. Report's Core View - The container shipping index (European routes) is in a volatile market. The 2510 contract is expected to show narrow - range fluctuations, the 2512 contract should be treated with a wide - range oscillation mindset, and the 2602 contract may not necessarily be at a discount to the 12 contract [1][12][15]. 3. Summary by Relevant Catalogs 3.1 Futures Contract Data - EC2510 closed at 1,267.4 points, down 0.42%, with an increase of 114 positions; EC2512 closed at 1,674.0 points, down 0.02%, with an increase of 729 positions; EC2602 closed at 1,524.0 points, up 0.14% [1]. 3.2 Freight Index Data - SCFIS European route index was 1,566.46 points, down 11.7% week - on - week; SCFIS US West route index was 980.48 points, down 3.3% week - on - week. SCFI European route was $1,315/TEU, down 11.2% bi - weekly; SCFI US West route was $2,189/FEU, up 13.8% bi - weekly [1]. 3.3 Spot Freight Rates - In week 38, spot freight rates further declined, with the central value around $1,700/FEU. It is conservatively estimated that the cumulative decline in weeks 39 and 40 will be $100/FEU, and the central value may fall to around $1,600/FEU [13]. 3.4 Supply - Side Fundamentals - In October, the weekly average capacity was slightly revised down from 27.6 to 26.7 TEU/week, with a year - on - year growth rate of 1.1%. In November, without considering undetermined voyages, the weekly average capacity is currently 30.2 TEU/week [14]. 3.5 Contract Analysis - For the 2510 contract, it may mainly reflect the freight quotes from weeks 40 - 42, and is expected to show narrow - range fluctuations. For the 2512 contract, it should be treated with a wide - range oscillation mindset. For the 2602 contract, it may not necessarily be at a discount to the 12 contract [15]. 3.6 Investment Strategy - This week, take profit on the 2510 contract on dips. In the medium - to - long - term, consider going long on the 02 - 04 and 12 - 04 calendar spreads on dips [16].

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - On September 1st, the shipping market was affected by news that the US Court of Appeals ruled Trump's tariff increase illegal, and there was concentrated short - position reduction after the opening. The freight rate index SCFIS closed at 1773.6 points, a month - on - month decrease of 10.9%, indicating an accelerated decline in freight rates at the end of August [8]. - The overall market loading rate remains above the warning line, and shipping companies' profit margins are still considerable at the current FAK level, so they have no intention to increase the number of blank sailings. The freight rate center in the second week of September has dropped to around $2000 - 2100/FEU, and there may be a further reduction of $300 - 400/FEU in late September. The freight rate trend in October depends on the blank - sailing intensity [10]. - Subjectively, it is believed that the probability of the freight rate in October falling below the low of $1700/FEU in May is high, and the valuation of the 2510 contract may be below 1247.05 points. If the loading rate further declines and the FAK freight rate approaches the shipping companies' cash - flow cost line of $1300 - 1600/FEU, some shipping companies may increase the suspension of sailings, and the further downward space for freight rates may be limited [10]. - In terms of strategies, pay attention to the long - spread opportunities between the 12 - 04 and 02 - 04 contracts, and consider lightly going long on the 2512 contract around 1500 points [11]. Summary by Relevant Catalogs 1. Market Performance of Container Shipping Index (European Routes) - The container shipping index (European routes) showed strong performance yesterday. The main 2510 contract closed at 1291.4 points, up 1.53%, with a reduction of 989 lots; the second - main 2512 contract closed at 1650.9 points, up 5.01%, with a reduction of 828 lots [8]. 2. Freight Rate Index - The SCFIS index closed at 1773.6 points, a month - on - month decrease of 10.9%, lower than expected, indicating an accelerated decline in freight rates at the end of August [8]. - The SCFIS for the US - West route was 1013.90 points, a decrease of 2.6%; the SCFI for the European route was $1481/TEU, a decrease of 11.2%; the SCFI for the US - West route was $1923/FEU, an increase of 17.0% [1]. 3. European Basic Port Freight Rates - In the second week of September, the freight rates for European basic ports remained in the range of $1900 - 2200/FEU, with an average FAK of about $2080/FEU, and the freight rate center for container volume/SPOT decreased by $100/FEU [9]. 4. Supply - Demand Fundamentals - In September, the number of blank sailings remained unchanged at 6, and there were no pending voyages. The average weekly capacity reached 298,000 TEU/week, a 6% decrease from August, significantly lower than the 14% decrease during the same period in 2024. In October, the number of pending voyages remained at 5, and there were 6 blank sailings. Without considering pending voyages, the average weekly capacity was 287,000 TEU/week [9]. - The overall market loading rate in late August was around 95%. Shipping companies generally relaxed restrictions on low - price contract bookings and special offers for large - volume shipments, which intensified price competition, and the imbalance between supply and demand in the market will continue until the end of September [9]. 5. Historical Market Review - In 2024, the weighted index of European routes stopped falling on September 10th. There was a short - term speculation on the US - West port strike in late September. After the strike was resolved during the National Day holiday, the market gave back the "strike" premium on the first trading day after the holiday. Shipping companies successively announced price increases in November and December, with the peak freight rate occurring in the first week of December [11].

Report Summary 1. Report Industry Investment Rating - The report does not mention the industry investment rating. 2. Core View of the Report - The current major contradiction in the EC market lies in the decline slope during the off - season, uncertainties in geopolitics and tariffs, and the repeated domestic macro - sentiment. The fundamental situation shows that in the second week of August (week33), the cargo collection of each alliance varied, with MSK showing better results, OA average, and PA poor. In week34, cargo collection significantly declined. This week, EMC cancelled its independent ship in week35, and OA added a sailing suspension in week39. Although the shipping capacity decreased slightly, it remained at a high level. The average weekly shipping capacity in August, September (tentative), and October (tentative) 2025 is 327,000, 321,000, and 319,000 TEU respectively. After considering all TBN as sailing suspensions, it is 327,000, 300,000, and 287,000 TEU. From the perspective of the market, the current October contract has a large discount to the spot price. The decline of shipping companies in the past two weeks basically met market expectations and did not drive the market to decline further. The December contract is a peak - season contract, and the continuous roll - over of positions provides some support. However, the overall future trend is downward, and there is still room for valuation adjustment. It is recommended to continue holding short positions in the October contract and maintain the logic of shorting on rallies [2]. 3. Summary by Relevant Contents 3.1 EC Futures Contract Information - **Contract Prices and Changes**: On August 12, 2025, for EC2508, the price was 2080.0 with a 0.43% increase; EC2510 was 1408.8 with a 1.89% decrease; EC2512 was 1750.0 with a 0.57% decrease; EC2602 had an 0.87% decrease; EC2604 was 1344.9 with a 0.60% decrease; EC2606 was 1497.1 with a 0.44% increase. The corresponding trading volumes were 242, 44961, 5774, 1471, 822, and 136 respectively, and the open interests were 3330, 26688, 10238, 4202, 5295, and 770 respectively, with changes of - 102, 86, - 3867, - 108, - 108, and - 30 respectively [2]. - **Month - to - Month Spreads**: The spread of EC2508 - 2510 was 671.2, with a daily increase of 36.2 and a weekly decrease of 4.6. The spread of EC2510 - 2512 was - 341.2, with a daily decrease of 17.2 and a weekly decrease of 63.7. The spread of EC2512 - 2602 was 232.9 [2]. 3.2 Shipping Index Information - **SCEIS Index**: Updated every Monday, as of August 11, 2025, the index was 2235.48, a 2.71% decrease from the previous period and a 0.81% decrease from the period before the previous one [2]. - **SCFI (European Line) Index**: Updated every Friday, as of August 8, 2025, the index was 1961, a 4.39% decrease from the previous period and a 1.87% decrease from the period before the previous one [2]. - **CCFI (European Line) Index**: Updated every Friday, as of August 8, 2025, the index was 1799.05, a 0.53% increase from the previous period and a 0.13% increase from the period before the previous one [2]. - **NCFI Index**: Updated every Friday, as of August 8, 2025, the index was 1257.71, an 8.37% decrease from the previous period and a 3.53% decrease from the period before the previous one [2]. 3.3 Recent European Line Quotation Information - Currently, downstream customers are booking spaces for mid - August (week33 - 34). The average quotation in week33 was about $3150 (equivalent to around 2200 points on the futures market). In week34, shipping companies' quotations dropped by $200 - 300, with an average of $2850 (2000 points). Among them, the PA alliance quoted $2700, MSK quoted $2600, and the OA alliance quoted $2900 - 3000. For week35, MSK opened bookings at $2200 [2]. 3.4 Relevant News - On August 12, China and the US agreed to suspend the implementation of a 24% tariff for another 90 days. The US will continue to modify the implementation of the ad - valorem tariff on Chinese goods (including those from the Hong Kong Special Administrative Region and the Macao Special Administrative Region) stipulated in Executive Order No. 14257 on April 2, 2025. China will also continue to modify the implementation of the ad - valorem tariff on US goods and take or maintain necessary measures to suspend or cancel non - tariff counter - measures against the US [2]. - On August 11, Trump and Netanyahu discussed the "plan to take over Gaza City." On August 12, Egypt and Qatar proposed a new cease - fire plan for Gaza, and a Hamas delegation will visit Egypt to restart the cease - fire negotiations [2].