铁矿石早报-20250520

Report Information - Report Title: Iron Ore Morning Report - Research Team: Black Team of the Research Center - Date: May 20, 2025 [1] 1. Spot Market 1.1 Australian Iron Ore - Price Changes: Newman powder dropped by 4 to 754, PB powder decreased by 3 to 762, Mac powder fell by 4 to 742, Jinbuba powder declined by 4 to 722, mixed powder dropped by 5 to 675, super special powder decreased by 5 to 633, and Carajás powder fell by 3 to 855 [2]. - Import Profits: Newman powder had an import profit of -27.44, PB powder -5.16, Mac powder -3.89, Jinbuba powder 0.44, mixed powder -0.85, super special powder -7.28, and Carajás powder -9.90 [2]. 1.2 Brazilian Iron Ore - Price Changes: Brazilian mixed ore decreased by 3 to 778, Brazilian coarse IOC6 fell by 2 to 735, Brazilian coarse SSFT dropped by 2 to 750, and Brazilian fine powder decreased by 3 to 849 [2]. - Import Profits: Brazilian mixed ore had an import profit of -5.58 [2]. 1.3 Non - mainstream Iron Ore - Price Changes: 61% Indian powder decreased by 4 to 702, Roy Hill powder dropped by 3 to 732, South African powder fell by 3 to 822, 58% Indian powder decreased by 5 to 585, Robe River powder dropped by 3 to 687, and Atlas powder decreased by 5 to 670 [2]. - Import Profits: Roy Hill powder had an import profit of 6.25 [2]. 1.4 Others - Price Changes: PB lump/ lump ore premium decreased by 8 to 905, Ukrainian pellets/ pellet premium fell by 4 to 816, and Tangshan iron concentrate decreased by 5 to 933 [2]. 2. Forward Market 2.1 Dalian Commodity Exchange - Price Changes: i2601 decreased by 4.5 to 687.0, i2505 dropped by 13.5 to 780.0, and i2509 fell by 5.5 to 722.5 [2]. - Month - to - Month Spreads: i2601 had a month - to - month spread of 35.5, i2505 -93.0, and i2509 57.5 [2]. - Basis/Internal - External Spread: i2601 had a basis/ internal - external spread of 102.8, i2505 9.8, and i2509 67.3 [2]. 2.2 Singapore Exchange - Price Changes: FE01 decreased by 0.87 to 94.49, FE05 dropped by 0.60 to 100.60, and FE09 fell by 0.91 to 97.18 [2]. - Basis/Internal - External Spread: FE01 had a basis/ internal - external spread of -83.4, FE05 -40.3 [2].