光期黑色：铁矿石基差及价差监测日报-20250515

Group 1: Report General Information - Report Title: Guangqi Black: Iron Ore Basis and Spread Monitoring Daily Report [1] - Report Date: May 15, 2025 [1] Group 2: Futures Contract Information - I05 today's closing price is 795.5, up 17.5 from the previous day; I09 is 737.0, up 22.5; I01 is 699.5, up 15.0 [3] - The spread of I05 - I09 is 58.5 today, down 5.0 from the previous day; I09 - I01 is 37.5, up 7.5; I01 - I05 is -96.0, down 2.5 [3] Group 3: Basis Information 3.1 Basis Data - For various iron ore varieties, such as Carajás Fines (Kumba), today's price, previous day's price, change, delivery cost, today's basis, previous day's basis, and basis change are provided. For example, Carajás Fines' today's price is 868, up 15.0, and today's basis is 88, down 6 [6] 3.2 Basis Chart - Charts show the basis trends of different iron ore varieties over time, including Brazilian fines, Australian medium - grade fines, Australian low - grade fines, domestic concentrates, etc. [9][10][11] Group 4: Exchange Rule Adjustments - Since December 2, 2022, the main iron ore contract is I2205. Four new deliverable varieties (Benxi Concentrate, IOC6, KUMBA, Ukrainian Concentrate) are added with brand premiums of 0 starting from the I2202 contract [13] - Brand premiums of existing varieties are adjusted. Only PB Fines, BRBF, and Carajás Fines have a brand premium of 15 yuan/ton, and the rest are 0 [13] - Quality differences and premiums for substitutes are modified, including adjusting the allowable range of iron grade and other elements, and introducing a dynamic adjustment mechanism for iron element premium (X) [13] - Four new deliverable brands (Taigang Concentrate, Magang Concentrate, Minmetals Standard Fines, SP10 Fines) are added with brand premiums of 0 [13] - The adjusted deliverable brands and premiums apply to contracts after I2312. Starting from the first trading day after the last delivery day of the I2311 contract, the exchange will handle the registration of iron ore futures standard warehouse receipts according to the adjusted rules [14] Group 5: Variety Spread Information 5.1 Variety Spread Data - Spreads between different iron ore varieties are presented, such as PB Lump - PB Fines, Newman Lump - Newman Fines, etc. For example, PB Lump - PB Fines spread is 142.0 today, up 2.0 from the previous day [15] 5.2 Variety Spread Charts - Charts display the spread trends of different iron ore varieties over time, including block - powder spreads, high - medium grade fines spreads, medium - low grade fines spreads, etc. [18][19][20] Group 6: Research Team Introduction - The black research team includes Qiu Yuecheng, Zhang Xiaojin, Liu Xi, and Zhang Chunjie, with their positions, work experience, and professional qualifications provided [28] Group 7: Company Contact Information - Company address: 6th Floor, Unit 703, No. 729 Yanggao South Road, China (Shanghai) Pilot Free Trade Zone - Company phone: 021 - 80212222, fax: 021 - 80212200 - Customer service hotline: 400 - 700 - 7979, postal code: 200127 [27]