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光期黑色：铁矿石基差及价差监测日报-20250519
Guang Da Qi Huo·2025-05-19 05:45

Report Overview - The report is titled "Guangqi Black: Iron Ore Basis and Spread Monitoring Daily Report" dated May 19, 2025, focusing on iron ore futures contracts, basis, and variety spreads [1] Futures Contracts - For I05, the closing price is 793.5 yuan/ton, down 8.0 yuan from the previous day; I09 is 728.0 yuan/ton, down 8.5 yuan; I01 is 691.5 yuan/ton, down 6.5 yuan [3] - The I05 - I09 spread is 65.5 yuan/ton, up 0.5 yuan; I09 - I01 is 36.5 yuan/ton, down 2.0 yuan; I01 - I05 is -102.0 yuan/ton, up 1.5 yuan [3] Basis Data - Various iron ore varieties show price changes. For example, the price of Carajás fines (Carol) is 858 yuan/ton, down 7.0 yuan, with a basis of 86 yuan, up 1 yuan [6] - Other varieties like BRBF, Newman fines, and PB fines also have corresponding price and basis changes [6] Charts - There are multiple charts showing the basis of different iron ore types such as Brazilian fines, Australian medium - grade fines, etc., from August 2024 to April 2025 [8][9][10] Variety Spreads Data - PB block - PB fines spread is 148.0 yuan/ton, up 2.0 yuan; PB fines - mixed fines is 85.0 yuan/ton, down 5.0 yuan [13] - There are also spreads between other varieties like Newman block - Newman fines, Carajás fines - Newman fines, etc., with corresponding changes [13] Charts - Multiple charts illustrate different variety spreads, including block - fines spreads, high - medium grade fines spreads, etc [15][18][20] Exchange Rules Adjustment - The Dalian Commodity Exchange has adjusted the deliverable brands and related rules for iron ore futures contracts. New deliverable brands are added, and brand premiums and discounts are adjusted [11] - The adjusted rules apply to I2312 and subsequent contracts, and the exchange will handle standard warehouse receipt registration according to the new rules starting from the first trading day after the last delivery day of the I2311 contract [12] Research Team - The black research team includes Qiu Yuecheng, Zhang Xiaojin, Liu Xi, and Zhang Chunjie, each with rich experience and relevant qualifications in the industry [25]