光大期货：2月3日矿钢煤焦日报

Rebar Steel - The rebar futures contract closed at 3098 CNY/ton, down 30 CNY/ton or 0.96% from the previous trading day, with an increase in open interest by 50,000 contracts [2][11] - Spot prices decreased, with Tangshan's ordinary billet price down 20 CNY/ton to 2920 CNY/ton and Hangzhou's Zhongtian rebar price down 20 CNY/ton to 3180 CNY/ton; national construction material transaction volume was 46,800 tons [2][11] - National construction material inventory increased by 6.76% to 3.3745 million tons, while hot-rolled coil inventory rose by 2.74% to 2.1083 million tons, indicating increased supply pressure [2][11] Iron Ore - The iron ore futures contract closed at 783 CNY/ton, down 8.5 CNY/ton or 1.07%, with a trading volume of 300,000 contracts and a reduction in open interest by 2,000 contracts [3][12] - Australian shipments decreased by 170,000 tons to 18.204 million tons, while Brazilian shipments increased by 143.7 million tons to 7.006 million tons, leading to a global shipment recovery [3][12] - Iron production decreased by 0.12 million tons to 2.2798 million tons, with continued inventory accumulation at ports and steel mills [3][12] Coking Coal - The coking coal futures contract closed at 1141.5 CNY/ton, down 14 CNY/ton or 1.21%, with a decrease in open interest by 19,459 contracts [4][12] - In the Shanxi Linfen region, the price of fat coal was lowered by 35 CNY to 690 CNY/ton, while other coal prices showed slight increases [4][12] - With the approach of the Spring Festival, coal supply is expected to tighten as more mines enter holiday shutdowns, while downstream demand remains weak [4][12] Coke - The coke futures contract closed at 1680.5 CNY/ton, down 41 CNY/ton or 2.38%, with a decrease in open interest by 378 contracts [5][13] - The spot market for coke remained stable, with the price of first-grade metallurgical coke at Rizhao Port unchanged at 1470 CNY/ton [5][13] - Steel mill profits remain low, leading to reduced demand for coke as many mills are halting operations for maintenance [5][13] Silicon Manganese - The silicon manganese futures contract closed at 5834 CNY/ton, down 0.88%, with a decrease in open interest by 1,833 contracts [6][14] - The market price ranged from 5620 to 5850 CNY/ton, with a 20 CNY/ton decrease in Inner Mongolia [6][14] - Steel mill demand for silicon manganese showed some improvement due to pre-holiday stocking, but overall supply and demand dynamics remain weak [6][14] Silicon Iron - The silicon iron futures contract closed at 5624 CNY/ton, down 1.02%, with a decrease in open interest by 1,038 contracts [7][15] - The price range for silicon iron was approximately 5300 to 5350 CNY/ton, with a 20 CNY/ton increase in Inner Mongolia [7][15] - Steel mill inquiries for silicon iron are declining as the market approaches the end of the pre-holiday period, leading to reduced trading activity [7][15]