Report Date - The report was released on September 26, 2025, by the macro team of the research center [2] Global Asset Market Performance 10 - Year Treasury Yields of Major Economies - Yields on September 25, 2025, varied widely, from 0.180% in Switzerland to 6.103% in Brazil [3] - Yield changes showed different trends in the latest, weekly, monthly, and yearly periods. For example, the US 10 - year yield increased by 0.023 in the latest change, 0.065 in a week, - 0.034 in a month, and 0.456 in a year [3] 2 - Year Treasury Yields of Major Economies - Yields on September 25, 2025, ranged from 0.929% in Japan to 4.014% in the UK [3] - Yield changes also had diverse trends. The US 2 - year yield decreased by 0.080 in the latest change but increased by 0.020 in a week [3] Dollar Exchange Rates Against Major Emerging - Market Currencies - Exchange rates on September 25, 2025, were presented, such as 5.364 for the dollar against the Brazilian real [3] - Exchange rate changes showed fluctuations, with the dollar against the Brazilian real having a 0.61% latest change and - 0.94% monthly change [3] Major Economies' Stock Indices - Index values on September 25, 2025, were given, like 6604.720 for the S&P 500 [3] - Index changes varied. The S&P 500 had a - 0.50% latest change, - 0.41% weekly change, 1.58% monthly change, and 15.60% yearly change [3] Credit Bond Indices - Index values' latest, weekly, monthly, and yearly changes were provided. For example, the US investment - grade credit bond index had a - 0.20% latest change and 3.04% yearly change [3][4] Stock Index Futures Trading Data Index Performance - Closing prices, percentage changes, and valuations were reported. The A - share index closed at 3853.30 with a - 0.01% change, and the S&P 500 had a PE(TTM) of 27.49 [5] Fund Flows - Latest values and 5 - day average values of fund flows were shown. A - share fund flow had a latest value of - 523.88 and a 5 - day average of - 505.69 [5] Trading Volume - Latest trading volumes and their changes were presented. The trading volume of the Shanghai and Shenzhen stock markets was 23710.90 with a 443.06 change [5] Basis and Spread - Basis and spread percentages of IF, IH, and IC were given. IF had a basis of - 31.29 and a spread of - 0.68% [5] Treasury Bond Futures Trading Data - Closing prices and percentage changes of T00, TF00, T01, and TF01 were reported. T00 closed at 107.610 with a - 0.06% change [6] - Interest rates and their daily changes of R001, R007, and SHIBOR - 3M were provided. R001 had an interest rate of 1.5191% with a - 19.00 BP change [6]

Group 1: Report Industry Investment Rating - No relevant content found Group 2: Core Views of the Report - On Wednesday, the market rose significantly driven by the news of MSK's price increase. The 10 - 12 month spread was -582.1 (-58.7), and the 02 - 04 month spread was 327.1 (+26.1). The 10 - contract basis was around 95 points [1][18]. - In early October, the goods receipt was still weak. After the market closed, MSK raised the post - holiday weekly仓位 to $1800 (+$400). However, the purpose of this price increase was to stabilize prices and encourage downstream shippers to stock up before the holiday, not a real price increase, and the final implementation was expected to be poor. The 10 - contract could be shorted depending on the subsequent upward trend [1][18]. - After the holiday, there were multiple upward drivers, including multiple price - increase announcement nodes and high operational space for shipping companies to reduce speed and suspend voyages. The period from December to January was a long - term favorable period [1][18]. - From a valuation perspective, the valuation of the 12 - contract was not low, but funds might be more concentrated on this contract, so a long - allocation strategy was recommended in the short term. The cost - performance of the 02 - contract might be higher than that of the 12 - contract because the Spring Festival in 2026 was relatively late (February 17, 2026), and the settlement price of the 02 - contract might be high. The 04 - contract was currently in a low - valuation range and was more suitable for short - allocation as an off - season contract, but its low liquidity might make it easily disturbed [1][18]. Group 3: Summary by Relevant Catalogs Futures Contracts - EC2510: Yesterday's closing price was 1114.4, with a change of 1.31%, yesterday's trading volume was 40940, and the position was 22606 with a change of -568 [1][18]. - EC2512: Yesterday's closing price was 1696.5, with a change of 4.50%, yesterday's trading volume was 26219, and the position was 488 [1][18]. - EC2602: Yesterday's closing price was 1588.1, with a change of 3.42%, yesterday's trading volume was 147.9, and the position was 8043 with a change of 442 [1][18]. - EC2604: Yesterday's closing price was 1261.0, with a change of 2.14%, yesterday's trading volume was 179.2, and the position was 8931 with a change of 77 [1][18]. - EC2606: Yesterday's closing price was 1445.3, with a change of 1.69%, yesterday's trading volume was -6, and the position was 105 [1][18]. Spread between Futures Contracts - FC2510 - 2512: The spread was -582.1, with a previous value of -523.4 and a change of -58.7 [1][18]. - EC2512 - 2602: The spread was 108.4, with a previous value of 87.8 [1][18]. Freight Rate Indexes - SCFIS: Updated weekly. As of September 15, 2025, the index was 1566.46, the previous value was 1440.24, and the value two periods ago was 1773.60, with a current - period decline of 8.06% and a next - period decline of 11.68% [1][18]. - SCFI (European Line): Updated every Friday. As of September 19, 2025, the index was 1052, the previous value was 1154, and the value two periods ago was 1315, with a current - period decline of 8.84% and a next - period decline of 12.24% [1][18]. - CCFI: Updated every Friday. As of September 19, 2025, the index was 1470.97, the previous value was 1638.77, and the value two periods ago was 1537.28, with a current - period decline of 4.31% and a next - period decline of 6.19% [1][18]. - NCFI: Updated every Friday. As of September 19, 2025, the index was 673.61, the previous value was 729.42, and the value two periods ago was 855.93, with a current - period decline of 7.65% and a next - period decline of 14.78% [1][18]. Recent European Line Quotations - Week 39: The average quotation was $1600 (equivalent to 1150 points on the futures market). Among them, MSK quoted $1500 (later raised to $1570), the PA alliance quoted between $1550 - $1600, and the OA alliance quoted between $1600 - $1720 [1][18]. - Week 40 - 41: There were space allocations in these two weeks (because most of the cargo volume in Week 41 was handled through skipping voyages during the holiday). The average quotation was $1450 (equivalent to 1020 points on the futures market). Among them, MSK quoted $1400, the PA alliance quoted between $1300 - $1500 (YML's $1300 was the lowest price of the year), and the OA alliance quoted between $1400 - $1600 [1][18]. - Week 42: MSK opened with a quotation of $1800 (a month - on - month increase of $400), CMA opened with a quotation of $2520 (an increase of $900), and HPL opened with a quotation of $2035 (an increase of $600) [1][18].

| | 最新 | 日变化 | 周变化 | 月变化 | 年变化 | 最新 | 日变化 | 周变化 | 月变化 年变化 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 柳林主焦 | 1503.00 | 0.00 | 0.00 | -2.00 | 7.36% Peak Downs | 201.50 | -0.50 | -1.00 | -3.50 | -19.10 | | 原煤口岸库提价 | 1038.00 | -2.00 | 38.00 | 60.00 | -8.95% Goonyella | 202.00 | -1.00 | -1.00 | -6.30 | -15.00 | | 沙河驿蒙5# | 1390.00 | 40.00 | 40.00 | 10.00 | -14.20% 盘面05 | 1316.00 | 15.00 | 13.50 | 112.00 | -1.61% | | 安泽主焦 | 1580.00 | 80.00 | 80.00 | 110.00 | -8.67% 盘面09 | 1386.00 | 1 ...

Report Overview - The report is a pulp morning report released by the Energy and Chemicals Team of the Research Center on September 25, 2025 [2] SP Main Contract Closing Price - On September 24, 2025, the SP main contract closing price was 5044.00, with a 0.71885% increase from the previous day. The converted US dollar price was 618.06. The Shandong Yinxing basis was 566, and the Jiangsu, Zhejiang, and Shanghai Yinxing basis was 581 [3] Import Profit Calculation - With a 13% VAT calculation, the import profit for Canadian Golden Lion was -145.57, for Canadian Lion was -533.29, and for Chilean Yinxing was -91.92. The previous day's exchange rate was 7.12 [4] Price Averages - From September 18 - 24, 2025, the national average prices for softwood pulp, hardwood pulp, natural pulp, and chemimechanical pulp remained unchanged at 6073.75, 4810.75, 5415.00, and 3686.25 respectively. The Shandong regional average prices also remained unchanged [4] - The prices of cultural paper (double - offset index, double - copper index), packaging paper (white card index), and living paper (living index) remained unchanged from September 19 - 24, 2025 [4] Profit Margins - The double - offset profit margin on September 24, 2025, was 1.9642%, the double - copper profit margin was 15.6172%, the white card profit margin was - 12.6135%, and the living paper profit margin was 6.7258%, with a 0.0382 change compared to previous data [4] Price Spreads - On September 24, 2025, the softwood - hardwood price spread was 1370.00, the softwood - natural price spread was 210, the softwood - chemimechanical price spread was 1785, and the softwood - waste paper price spread was 4034 [4]

Core Insights - The training program aims to enhance the risk management capabilities of enterprises in the Ningbo region by leveraging futures markets and derivative tools [1][4] - The event is supported by various financial institutions and aims to strengthen the understanding of futures market functions among local businesses [1][2] Group 1: Event Overview - The sixth training session for the commodity industry in Ningbo was launched on September 23, with over a hundred participants from listed companies, prospective listings, and small to medium enterprises [1] - The Dalian Commodity Exchange emphasized the increasing volatility of commodity prices and the urgent need for effective risk management among enterprises [1][2] Group 2: Market Development - The Chinese futures market has seen significant development, with a variety of futures and options products covering major sectors of the national economy, serving as pricing benchmarks and risk management tools [2] - The China Futures Market Monitoring Center aims to contribute to the safety of supply chains and the high-quality development of the real economy [2] Group 3: Risk Management Insights - The training included discussions on the importance of risk management for enterprises, with insights into economic cycles, financial cycles, and industry supply-demand dynamics [2][3] - Various case studies, including those on iron ore and coking coal, were presented to illustrate the application of hedging strategies [2] Group 4: Derivative Tools and Strategies - The session covered the concept and historical development of options markets, highlighting their role as essential tools for enterprises to manage risks and optimize operations [3] - Different trading models based on basis trading were introduced, showcasing how they can address pricing discrepancies and improve procurement efficiency [3] Group 5: Future Directions - Participants expressed that the training enhanced their understanding of futures and derivative tools, which is crucial for improving their competitive edge in a volatile market [4] - The Ningbo Securities and Futures Industry Association plans to continue collaborating with regulatory bodies to foster a conducive environment for the integration of finance and industry [4]

参加培训的企业代表均表示，通过本次系统性的理论授课、前沿的案例分析及深度的同业研讨进一步提 升了企业对期货及衍生品工具的认知水平和应用能力，对于引导树立正确的风险管理理念，有助于企业 在复杂多变的市场环境中增强抗风险能力和核心竞争力。 宁波市证券期货业协会相关负责人也表示，将以本期培训为新的起点，持续深化服务实体经济内涵，积 极联合证监会系统单位等各方力量，共同搭建更广阔的合作平台，为促进宁波期现市场互联互通，营造 良好的产融结合发展环境。 大连商品交易所相关业务负责人在活动中表示，近年来，大宗商品价格波动加剧，实体企业风险管理需 求迫切。大商所在持续完善产品体系、不断丰富市场服务模式、深化场外建设、加快高水平对外开放等 方面努力为实体经济健康发展保驾护航。宁波的经济结构与大商所上市品种关联度较高，一直以来都是 大商所产业服务的重要区域之一。举办本次产业培训活动，就是希望在地方政府部门的支持下，能与证 监会系统单位一起，帮助实体企业进一步认识期货市场的功能与作用，依托衍生品工具强化风险管理能 力、提升企业管理水平，积极为宁波实体经济的高质量发展助力赋能。 中国期货市场监控中心相关部门负责人在致辞中提到，近年来 ...

Group 1: Report's Core View - Singapore 380cst high - sulfur cracking oscillated this week, the near - month spread oscillated, the basis strengthened slightly, the EW spread rebounded again, and recently had wide - range oscillations. The FU internal and external near - month also oscillated. The low - sulfur cracking rebounded slightly but was at a historically low level compared to the same period. The month spread was weakly sorted. The LU internal and external price rebounded slightly to 8 - 9 US dollars/ton, and the MF0.5 basis oscillated [4]. - Fundamentally, Singapore's residue decreased, floating storage oscillated, ARA residue inventory decreased slightly, EIA residue decreased slightly, Fujairah inventory decreased, and high - sulfur floating storage in the Middle East increased significantly. The high - sulfur peak season in the Middle East has passed. With logistics reshaping and the support of Singapore's high - sulfur marine fuel demand, the EW spread has completed the repair. Recently, refinery feedstock procurement has supported the 380 cracking level, and the short - term downward space is limited. It is expected that the 380 cracking will maintain an oscillating pattern, and the domestic FU will have an oscillating and bullish outlook in the short - term. This week, the LU disk was still weak. The issuance of the third batch of export quotas was in line with expectations, and the external MF0.5 basis oscillated at a low level. In the fourth quarter, the LU internal and external spread can be expanded on dips, and attention should be paid to the quota usage [5]. Group 2: Data Summary Rotterdam Fuel Oil | Type | 2025/09/17 | 2025/09/18 | 2025/09/19 | 2025/09/22 | 2025/09/23 | Change | | --- | --- | --- | --- | --- | --- | --- | | Rotterdam 3.5% HSF O swap M1 | 384.75 | 383.35 | 382.97 | 386.97 | 397.95 | 10.98 | | Rotterdam 0.5% VLS FO swap M1 | 441.33 | 434.21 | 427.48 | 427.29 | 435.42 | 8.13 | | Rotterdam HSFO - Brent M1 | - 6.96 | - 6.64 | - 5.82 | - 4.97 | - 4.64 | 0.33 | | Rotterdam 10ppm Gasoil swap M1 | 679.88 | 677.55 | 668.48 | 664.85 | 681.15 | 16.30 | | Rotterdam VLSFO - G O M1 | - 238.55 | - 243.34 | - 241.00 | - 237.56 | - 245.73 | - 8.17 | | LGO - Brent M1 | 24.97 | 25.18 | 24.80 | 24.40 | 25.56 | 1.16 | | Rotterdam VLSFO - HSFO M1 | 56.58 | 50.86 | 44.51 | 40.32 | 37.47 | - 2.85 | [3] Singapore Fuel Oil | Type | 2025/09/17 | 2025/09/18 | 2025/09/19 | 2025/09/22 | 2025/09/23 | Change | | --- | --- | --- | --- | --- | --- | --- | | Singapore 380cst M1 | 397.55 | 396.06 | 390.12 | 393.02 | 394.24 | 1.22 | | Singapore 180cst M1 | 407.42 | 407.26 | 400.69 | 403.27 | 402.50 | - 0.77 | | Singapore VLSFO M1 | 475.76 | 472.28 | 465.21 | 465.33 | 463.11 | - 2.22 | | Singapore GO M1 | 89.51 | 88.34 | 87.81 | 87.43 | 86.66 | - 0.77 | | Singapore 380cst - Brent M1 | - 5.03 | - 4.97 | - 5.13 | - 4.47 | - 3.74 | 0.73 | | Singapore VLSFO - G O M1 | - 186.61 | - 181.44 | - 184.58 | - 181.65 | - 178.17 | 3.48 | | Singapore Fuel Oil Spot - FOB 380cst | 397.68 | 397.47 | 390.94 | 393.48 | 395.20 | 1.72 | | Singapore Fuel Oil Spot - FOB VLSFO | 477.54 | 472.07 | 464.79 | 463.33 | 461.15 | - 2.18 | | Singapore Fuel Oil Spot - 380 basis | - 0.40 | 0.60 | 0.40 | 0.60 | 1.00 | 0.40 | | Singapore Fuel Oil Spot - High - sulfur internal - external spread | 7.6 | 7.5 | - | 6.0 | 9.7 | 3.7 | | Singapore Fuel Oil Spot - Low - sulfur internal - external spread | 9.3 | 9.7 | - | 9.7 | 9.9 | 0.2 | [3][9] Domestic FU | Type | 2025/09/17 | 2025/09/18 | 2025/09/19 | 2025/09/22 | 2025/09/23 | Change | | --- | --- | --- | --- | --- | --- | --- | | FU 01 | 2831 | 2798 | 2796 | 2784 | 2759 | - 25 | | FU 05 | 2787 | 2754 | 2754 | 2743 | 2718 | - 25 | | FU 09 | 2722 | 2698 | 2699 | 2697 | 2673 | - 24 | | FU 01 - 05 | 44 | 44 | 42 | 41 | 41 | 0 | | FU 05 - 09 | 65 | 56 | 55 | 46 | 45 | - 1 | | FU 09 - 01 | - 109 | - 100 | - 97 | - 87 | - 86 | 1 | [3] Domestic LU | Type | 2025/09/17 | 2025/09/18 | 2025/09/19 | 2025/09/22 | 2025/09/23 | Change | | --- | --- | --- | --- | --- | --- | --- | | LU 01 | 3432 | 3385 | 3362 | 3351 | 3325 | - 26 | | LU 05 | 3405 | 3368 | 3337 | 3342 | 3302 | - 40 | | LU 09 | 3350 | 3322 | 3308 | 3306 | 3286 | - 20 | | LU 01 - 05 | 27 | 17 | 25 | 9 | 23 | 14 | | LU 05 - 09 | 55 | 46 | 29 | 36 | 16 | - 20 | | LU 09 - 01 | - 82 | - 63 | - 54 | - 45 | - 39 | 6 | [4]

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints - In the short - term, the EC futures market is under pressure from spot prices. The price in early October is expected to decline, with a potential rebound in late October (before the National Day), but more likely to stabilize due to the off - season [1]. - From a medium - term perspective, considering multiple upward drivers, the 02 contract has a higher cost - performance for long - position allocation as the Spring Festival in 2026 is relatively late (February 17, 2026), which may lead to a higher settlement price. The 04 contract, being an off - season contract, is suitable for short - position allocation in the short term, but its low liquidity may cause price fluctuations. Attention should be paid to the 02 and 04 contracts. Also, be aware of the pre - holiday position - reduction volatility and the capital transfer risk of the 10 contract [8]. 3. Summary by Related Catalogs 3.1 EC Futures Contract Price and Trading Volume - **Contract Prices**: The prices of EC2510, EC2512, EC2602, EC2604, and EC2606 contracts are 1100.0, 1623.4, 1535.6, 1234.6, and 1421.3 respectively, with daily changes of 0.58%, - 1.84%, - 2.41%, - 3.17%, and - 2.28% [1]. - **Trading Volumes**: The trading volumes of EC2510, EC2512, EC2602, EC2604, and EC2606 contracts are 28527, 12535, 2521, 1838, and 157 respectively [1]. - **Open Interest**: The open interest of EC2510, EC2512, EC2602, EC2604, and EC2606 contracts are 41508, 22118, 7601, 8854, and 961 respectively, with changes of - 4522, 162, 203, - 68, and 11 [1]. 3.2 Month - to - Month Spreads - **EC2510 - 2512**: The spread is - 523.4, with a daily increase of 36.8 and a weekly increase of 38.9 [1]. - **EC2512 - 2602**: The spread is 87.8, with a daily increase of 7.5 and a weekly decrease of 5.4 [1]. 3.3 Spot Freight Rate Indexes - **TCI**: Updated every Monday, as of September 15, 2025, it is 1440.24 points, down 8.06% from the previous period and 11.68% from the period before that [1]. - **SCFI (European Line)**: Updated weekly, as of September 19, 2025, it is 1052 dollars/EU, down 8.84% from the previous period and 12.24% from the period before that [1]. - **CCFI (European Line)**: Updated every Friday, as of September 19, 2025, it is 1470.97 points, down 4.31% from the previous period and 6.19% from the period before that [1]. - **NCFI (European Line)**: Updated every Friday, as of September 19, 2025, it is 673.61 points, down 7.65% from the previous period and 14.78% from the period before that [1]. 3.4 European Line Spot Quotations - **Week 39**: The average quotation is 1600 dollars (equivalent to 1150 points on the disk). MSK's quotation is 1500 dollars (later rising to 1570), PA Alliance's is 1550 - 1600 dollars, and OA Alliance's is 1600 - 1720 dollars [2]. - **Week 40 - 41**: The average quotation is 1450 dollars (equivalent to 1020 points on the disk). MSK's is 1400 dollars; PA's is 1300 - 1500 dollars, with YML's 1300 dollars being the lowest price of the year; OA's is 1400 - 1600 dollars [2]. 3.5 Related News - On September 23, the Polish Prime Minister decided to reopen the border crossing with Russia. The Polish Interior Minister is expected to issue a relevant order, and border traffic is expected to resume between Wednesday and Thursday midnight [3]. - On September 23, Trump expected the meeting on the Gaza issue to be successful and hoped for an end to the war in Gaza [3]. - A UN investigation report showed that the Israeli government intends to establish permanent control in the Gaza Strip [3].

Report Information - Report Title: Coking Coal Daily Report [1] - Research Team: Black Team of the Research Center [1] - Report Date: September 23, 2025 [1] Key Price and Inventory Data Coal Prices - The latest price of Liulin Main Coking Coal is 1503.00, with a weekly increase of 102.00 and an annual increase of 7.36% [2] - The latest price of Raw Coal Port Delivery Price is 1020.00, with a daily increase of 11.00, a weekly increase of 70.00, a monthly increase of 72.00, and an annual decrease of 10.53% [2] - The latest price of Shaheyi Meng 5 is 1350.00, with a monthly decrease of 30.00 and an annual decrease of 18.18% [2] - The latest price of Anze Main Coking Coal is 1500.00, with a weekly increase of 80.00, a monthly increase of 30.00, and an annual decrease of 10.71% [2] Future Prices - The latest price of Futures 05 is 1323.00, with a daily increase of 10.50, a monthly increase of 79.00, and an annual increase of 4.46% [2] - The latest price of Futures 09 is 1389.50, with a daily increase of 9.00, a weekly increase of 18.00, a monthly increase of 326.50, and an annual increase of 6.23% [2] - The latest price of Futures 01 is 1229.00, with a daily increase of 13.00, a monthly increase of 30.50, and an annual decrease of 2.54% [2] Inventory Data - The total inventory is 3372.99, with a weekly increase of 56.61, a monthly decrease of 100.63, and an annual decrease of 10.92% [2] - The coal mine inventory is 232.79, with a weekly decrease of 21.73, a monthly decrease of 42.85, and an annual decrease of 15.02% [2] - The port inventory is 271.11, with a weekly decrease of 4.38, a monthly increase of 15.62, and an annual decrease of 34.53% [2] - The steel mill coking coal inventory is 793.73, with a weekly decrease of 2.03, a monthly decrease of 12.07, and an annual increase of 10.49% [2] - The coking coking coal inventory is 883.54, with a weekly decrease of 36.51, a monthly decrease of 93.34, and an annual increase of 4.31% [2] Other Data - The coking capacity utilization rate is 75.87, with a monthly increase of 1.45 and an annual increase of 9.88% [2] - The coking coke inventory is 86.03, with a monthly decrease of 0.14 and an annual decrease of 0.06% [2] - The 05 basis is -23.34, with a daily increase of 5.59, a weekly increase of 92.95, and an annual decrease of 217.42 [2] - The 09 basis is -89.84, with a daily increase of 7.09, a weekly increase of 73.95, and an annual decrease of 1.59 [2] - The 01 basis is 70.66, with a daily increase of 3.09, a weekly increase of 91.45, and an annual decrease of 0.65 [2] - The 5 - 9 spread is -66.50, with a daily increase of 1.50, a weekly decrease of 19.00, a monthly decrease of 247.50, and an annual increase of 0.60 [2] - The 9 - 1 spread is 160.50, with a daily decrease of 4.00, a weekly increase of 17.50, a monthly increase of 296.00, and an annual increase of 2.41 [2] - The 1 - 5 spread is -94.00, with a daily increase of 2.50, a weekly increase of 1.50, a monthly decrease of 48.50, and an annual increase of 16.09 [2]

Report Information - Report Title: Iron Ore Morning Report [1] - Research Team: Black Team of the Research Center [2] - Report Date: September 22, 2025 [2] Spot Market - The latest price of the Platts 62 Index is 105.20, with a daily change of -0.40 and a weekly change of -0.45 [3] - Newman powder price is 795, with a daily change of 6 and a weekly change of 7, and the discounted futures price is 850.9 [3] - PB powder price is 799, with a daily change of 7 and a weekly change of 5, and the discounted futures price is 848.1 [3] - Australian Mac powder price is 787, with a daily change of 7 and a weekly change of 9, and the discounted futures price is 859.6 [3] - Kimbaba powder price is 770, with a daily change of 7 and a weekly change of 6, and the discounted futures price is 864.6 [3] - Mainstream mixed powder price is 760, with a daily change of 5 and a weekly change of 17, and the discounted futures price is 891.6 [3] - Super special powder price is 725, with a daily change of 10 and a weekly change of 21, and the discounted futures price is 944.2 [3] - Carajás powder price is 928, with a daily change of 9 and a weekly change of 22, and the discounted futures price is 876.5 [3] - Brazilian mixed powder price is 828, with a daily change of 7 and a weekly change of 12, and the discounted futures price is 843.8 [3] - Mainstream Brazilian coarse IOC6 price is 803, with a daily change of 7 and a weekly change of 4, and the discounted futures price is 880.9 [3] - Brazilian coarse SSFG price is 808, with a daily change of 7 and a weekly change of 4 [3] - Ukrainian iron concentrate price is 928, with a daily change of 5 and a weekly change of 8, and the discounted futures price is 1005.1 [3] - 61% Indian powder price is 759, with a daily change of 7 and a weekly change of 6 [3] - Karara iron concentrate price is 928, with a daily change of 5 and a weekly change of 8, and the discounted futures price is 953.7 [3] - Non - mainstream Roy Hill powder price is 769, with a daily change of 7 and a weekly change of 5, and the discounted futures price is 846.5 [3] - KUMBA powder price is 858, with a daily change of 7 and a weekly change of 5, and the discounted futures price is 849.7 [3] - 57% Indian powder price is 655, with a weekly change of 11 [3] - Atlas powder price is 755, with a daily change of 5 and a weekly change of 17 [3] - PB lump/lump premium price is 935, with a daily change of 9 and a weekly change of 7 [3] - Ukrainian pellet/pellet premium price is 928, with a daily change of 5 and a weekly change of 8 [3] - Domestic Tangshan iron concentrate price is 1008, with a daily change of 6 and a weekly change of 7, and the discounted futures price is 895.0 [3] Futures Market - The latest price of the i2601 contract on the Dalian Commodity Exchange is 807.5, with a daily change of 7.5 and a weekly change of 8.0, and the monthly spread is -43.5 [3] - The i2605 contract price is 786.0, with a daily change of 7.5 and a weekly change of 8.5, and the monthly spread is 21.5 [3] - The i2609 contract price is 764.0, with a daily change of 5.0 and a weekly change of -52.0, and the monthly spread is 22.0 [3] - The FE01 contract price on the Singapore Exchange is 102.78, with a daily change of -0.48 and a weekly change of 0.67, and the monthly spread is 2.49 [3] - The FE05 contract price is 100.85, with a daily change of -0.39 and a weekly change of 1.03, and the monthly spread is 1.93 [3] - The FE09 contract price is 105.27, with a daily change of -0.18 and a weekly change of -0.13, and the monthly spread is -4.42 [3] Basis and Spread - The latest basis/ domestic - foreign spread (in RMB) of the i2601 contract is 36.3, with a daily change of 0.1 and a weekly change of 5.0 [3] - The i2605 contract basis is 57.8, with a daily change of 0.1 and a weekly change of 4.5 [3] - The i2609 contract basis is 79.8, with a daily change of 2.6 and a weekly change of 65.0 [3] - The FE01 contract basis is -26.0, with a daily change of -1.6 and a weekly change of -0.1 [3] - The FE05 contract basis is -32.0, with a daily change of -1.8 and a weekly change of -2.5 [3] - The FE09 contract basis is -87.0, with a daily change of -4.0 and a weekly change of -79.6 [3] Import Profit - The import profit of Newman powder is -33.89 [3] - The import profit of PB powder is -13.57 [3] - The import profit of Australian Mac powder is -8.67 [3] - The import profit of Kimbaba powder is -11.94 [3] - The import profit of mainstream mixed powder is 15.47 [3] - The import profit of super special powder is 30.18 [3] - The import profit of Carajás powder is -7.41 [3] - The import profit of Brazilian mixed powder is -15.60 [3] - The import profit of non - mainstream Roy Hill powder is -7.32 [3]