1. Report Industry Investment Rating - Not mentioned in the provided content 2. Core Viewpoints of the Report - Trade war uncertainties persist, demand for the Container Shipping Index (European Line) futures is weakly expected, and the futures price fluctuates significantly. Investors are advised to be cautious, pay attention to the operation rhythm and risk control, and track geopolitical, shipping capacity, and cargo volume data in a timely manner [1] 3. Summary according to Relevant Catalogs Market Data - EC main contract closing price is 1115.000, down 35.8; EC second - main contract closing price is 1756.3, down 24.30. The spread between EC2510 - EC2512 is - 641.30, down 3.30; the spread between EC2510 - EC2602 is - 552.00, down 6.00. The EC contract basis is 5.49, and the main contract position is 29314, down 3117 [1] - SCFIS (European Line) (weekly) is 1120.49, down 134.43; SCFIS (US West Line) (weekly) is 921.25, down 272.39. SCFI (composite index) (weekly) is 1114.52, down 83.69. Container ship capacity is 1227.97 (ten thousand TEUs), up 0.04 [1] - CCFI (composite index) (weekly) is 1087.41, down 32.82; CCFI (European Line) (weekly) is 1401.91, down 69.06. The Baltic Dry Index (daily) is 2259.00, up 7.00; the Panamax Freight Index (daily) is 1832.00, up 3.00 [1] - The average charter price of Panamax ships is 14769.00, unchanged; the average charter price of Capesize ships is 30090.00, down 400.00 [1] Industry News - US President Trump announced that from October 1st, a new round of high - tariffs will be imposed on multiple imported products, but for trade partners such as the EU and Japan with which the US has reached trade agreements, the 15% tariff cap in the agreements will be adhered to [1] - Five major German economic research institutions predict that the German economy will only grow slightly by 0.2% in 2025. Due to structural weaknesses and the impact of US tariff hikes, its foreign trade growth momentum is gradually disappearing, and the growth prospects of the German economy will continue to deteriorate [1] - Goldman Sachs analysts said that the risk of the US economy re - accelerating is rising, which will have an important impact on the Fed's monetary policy path, especially under the background of the Fed selecting a new chairman [1] Market Trends - On Monday, the prices of the Container Shipping Index (European Line) futures fell collectively. The main contract EC2510 rose 3.11%, and the far - month contracts fell between 1 - 2%. The latest SCFIS European Line settlement freight rate index is 1254.92, down 134.43 points from last week, a 10.7% decline. Spot indicators continue to decline, and the futures price lacks support [1] - Maersk's spot cabin quotes for the European Line in mid - October stopped falling and rebounded significantly, followed by a small rebound in MSC's quotes in the next two weeks, leading to an increase in the futures price valuation. Geopolitical conflicts support the futures price, but before the National Day holiday, liner companies lowered freight rates to increase cargo collection, and the supply - demand pattern remains unchanged, with significant freight rate pressure [1] - Eurozone economic data has fluctuated recently. The September manufacturing PMI was slightly worse than last month, but the service PMI exceeded expectations. The ECB stated that it will slow down the pace of interest rate cuts [1] Key Data to Watch - China's official manufacturing PMI for September, UK's Q2 GDP annual rate final value, France's September CPI monthly rate preliminary value, Germany's September seasonally adjusted unemployment rate, Germany's September CPI monthly rate preliminary value, US July S&P/CS20 - city unadjusted house price index annual rate, and US September Chicago PMI on September 30th [1]