EC Contract Futures Surge; SCFIS European Route Index Up 9.4% to 2,038.09 Points on June 2

According to Haitong Futures, EC contract futures surged on June 2 with the SCFIS European route index up 9.4% to 2,038.09 points, reflecting actual spot freight rates from May 25–31 at approximately $2,700 per large container. Spot market rates are entering a price hike cycle, with concentrated capital flows moving into EC2607 and EC2608 contracts to capture further upside. The index reading, though lower than the theoretical $2,800+ level, reflects an ongoing strengthening phase in European line shipping as market participants position for peak season demand.
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