商品日报（11月18日）：铁矿石红枣逆势涨超1% 双焦大幅回落盘中触及逾一个月新低

Group 1: Market Overview - The domestic commodity futures market showed overall weakness on November 18, with most commodities closing lower. The China Securities Commodity Futures Price Index closed at 1469.27 points, down 8.85 points or 0.60% from the previous trading day [1] - The China Securities Commodity Futures Index closed at 2031.42 points, down 11.01 points or 0.54% from the previous trading day [1] Group 2: Commodity Performance - Among the active commodity sectors, coking coal and coke led the market decline, falling nearly 4% and 3% respectively [1] - Precious metals continued to retreat, with gold and silver prices dropping over 1% and 2% respectively, while the chemical sector remained the weakest, with multiple chemical products like pure benzene, fuel oil, propylene, and PVC closing down over 1% [1] - In contrast, iron ore unexpectedly showed strength, closing with a gain of over 1% [1] Group 3: Iron Ore Insights - Iron ore prices rebounded, closing up 1.41%, driven by a rebound in steel mill iron output, a decrease in iron ore arrivals at ports, and a drop in port inventories. The total iron ore arrivals at 47 ports in China reached 23.699 million tons, a decrease of 3.994 million tons week-on-week [2] - The total imported iron ore inventory was 157.9945 million tons, down 200,400 tons week-on-week [2] - However, institutions caution that the sustainability of the current bullish sentiment for iron ore is insufficient, as overseas iron ore shipments are increasing, and weak terminal demand is unlikely to improve in the short term [2] Group 4: Coking Coal and Coke - Coking coal and coke experienced significant declines, with coking coal dropping 3.86% and coke falling 2.86%, both reaching over a month’s low [4] - Despite the rebound in iron output, the demand for coking coal and coke is under pressure due to weak spot transactions and concerns over declining procurement prices by steel mills [4] - Institutions expect short-term price adjustments for coking coal and coke, although there are still expectations for year-end production checks and winter stockpiling, which may limit the downside [4] Group 5: Shipping Index - The shipping index for European routes fell by 2.88%, with the latest Shanghai export container settlement price index for European routes dropping 9.8%, impacting bullish sentiment in the market [5] - The performance of the demand season has not been significant, leading to cautious market sentiment regarding the feasibility of previous price increases by shipping companies [5] - The current main contract for the European shipping index is expected to maintain a volatile trend, with future movements dependent on the realization of demand during the peak season [5]