光大期货：1月30日矿钢煤焦日报

Rebar Steel - The rebar futures contract closed at 3157 CNY/ton, an increase of 34 CNY/ton, or 1.09%, with an increase in open interest by 41,000 contracts [3][13] - Spot prices rose, with Tangshan's ordinary billet price increasing by 20 CNY/ton to 2950 CNY/ton and Hangzhou's Zhongtian rebar price also up by 20 CNY/ton to 3210 CNY/ton [3][13] - National rebar production increased by 0.28 million tons week-on-week to 1.9983 million tons, while social inventory rose by 232,800 tons to 3.264 million tons [3][13] - The market is currently experiencing weak supply and demand, with inventory accumulation accelerating, but overall inventory pressure is not significant [3][13] - Expectations of macro policy easing and strong performance in related sectors are boosting market sentiment for black commodities [3][13] Iron Ore - The iron ore futures contract closed at 798.5 CNY/ton, up 15.5 CNY/ton, or 2%, with a trading volume of 310,000 contracts [4][14] - Port inventory and steel mill inventory continue to accumulate, with significant increases in steel mill inventory [5][15] - The supply side saw an increase in shipments from Australia, while Brazil's shipments remained stable [4][14] - Demand side adjustments included the repair of 5 blast furnaces and the resumption of 7, with iron production decreasing by 0.12 million tons to 2.2798 million tons [5][15] Coking Coal - The coking coal futures contract closed at 1165 CNY/ton, an increase of 30.5 CNY/ton, or 2.69%, with a decrease in open interest by 21,423 contracts [6][16] - The supply side remains stable, with some coal mines in major production areas ceasing operations, leading to marginal reductions in output [6][16] - Steel mills are accepting the first round of price increases for coke, while demand has weakened, and the pace of inventory replenishment has slowed [6][16] Coke - The coke futures contract closed at 1723 CNY/ton, up 39 CNY/ton, or 2.32%, with a decrease in open interest by 1,708 contracts [7][17] - The port market for coke saw price increases, with the price of first-grade metallurgical coke at Rizhao Port rising by 20 CNY/ton to 1470 CNY/ton [7][17] - Some coke producers are reducing output due to environmental policies, while overall inventory levels remain low [7][17] Manganese Silicon - The manganese silicon futures contract closed at 5926 CNY/ton, up 2%, with a decrease in open interest by 12,587 contracts [8][18] - Prices in various regions range from 5570 to 5800 CNY/ton, with increases in Guangxi and Jiangsu [8][18] - The market is influenced by rising costs due to electricity price adjustments and increases in coal and coke prices [8][18] Silicon Iron - The silicon iron futures contract closed at 5736 CNY/ton, up 2.17%, with a decrease in open interest by 33,983 contracts [9][19] - Prices in various regions are approximately 5300 to 5350 CNY/ton, with increases in Inner Mongolia and Ningxia [9][19] - The production of silicon iron is at a five-year low, with factories focusing on fulfilling orders [9][19]