光大期货：12月31日矿钢煤焦日报

Group 1: Rebar Steel - The rebar futures contract closed at 3134 CNY/ton, with a slight increase of 4 CNY/ton, representing a 0.13% rise, and an increase in open interest by 30,000 contracts [3][11] - The spot prices remained stable, with Tangshan's ordinary billet price at 2950 CNY/ton and Hangzhou's Zhongtian rebar price at 3240 CNY/ton, while the national construction material transaction volume was 93,200 tons [3][11] - Steel mills' supply has decreased, which may alleviate market pressure, but the market sentiment remains cautious with no strong driving factors [3][11] Group 2: Iron Ore - The iron ore futures contract closed at 789 CNY/ton, down by 7.5 CNY/ton, a decline of 0.9%, with a trading volume of 300,000 contracts and a reduction in open interest by 16,000 contracts [4][12] - Supply from Australia and Brazil has increased, while shipments from other countries have slightly decreased, leading to high global shipping volumes [4][12] - Steel mills are undergoing annual inspections, and port inventories continue to rise, indicating stable fundamentals with a focus on replenishment demand in the short term [4][12] Group 3: Coking Coal - The coking coal futures contract closed at 1119.5 CNY/ton, increasing by 31.5 CNY/ton, a rise of 2.9%, with a decrease in open interest by 8,015 contracts [5][13] - In the spot market, the main coking coal price in Shanxi's Lüliang region was adjusted down by 80 CNY to 1403 CNY/ton, while other coal prices showed mixed trends [5][13] - The market sentiment is weak due to increased safety inspections and cautious demand from downstream coke enterprises, leading to expectations of wide fluctuations in the coking coal market [5][13] Group 4: Coke - The coke futures contract closed at 1715 CNY/ton, with an increase of 34.5 CNY/ton, representing a 2.05% rise, and an increase in open interest by 198 contracts [6][14] - The spot market for coke prices remained stable, with the price of first-grade metallurgical coke at 1450 CNY/ton [6][14] - The fourth round of price reductions in the coke market has begun, with some enterprises accelerating sales to reduce inventory, while demand from steel mills remains stable [6][14] Group 5: Manganese Silicon - The manganese silicon futures price closed at 5942 CNY/ton, with a 1.09% increase and an increase in open interest by 14,109 contracts to 278,300 contracts [7][16] - The market price for manganese silicon ranged from 5570 to 5780 CNY/ton, with increases in Inner Mongolia and Ningxia regions [7][16] - The weekly production of manganese silicon has increased, supported by new capacity and production shifts, while inventory levels have reached new highs [7][16] Group 6: Silicon Iron - The silicon iron futures price closed at 5750 CNY/ton, with a 1.16% increase and a decrease in open interest by 544 contracts to 230,600 contracts [8][17] - The price range for silicon iron across regions was approximately 5270 to 5320 CNY/ton, with price increases in Inner Mongolia and Ningxia [8][17] - Recent production adjustments have led to a slight decrease in silicon iron output, while downstream steel mills are engaging in replenishment activities ahead of the holiday [8][17]