Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-06-11 09:20Report Industry Investment Rating - Not provided Core Viewpoint - The iron ore price may fluctuate widely within a range due to the interweaving of long and short factors. It is recommended to conduct intraday short - term trading and pay attention to rhythm and risk control [2] Summary by Directory Futures Market - I main contract closing price is 707 yuan/ton, up 8.50 yuan; I main contract position is 729,224 lots, up 8,129 lots; I 9 - 1 contract spread is 33 yuan/ton, down 2 yuan; I contract top 20 net position is - 21,617 lots, up 8,492 lots; I Dalian Commodity Exchange warehouse receipts are 2,600 lots, unchanged; Singapore iron ore main contract quote at 15:00 is 95.25 US dollars/ton, up 0.87 US dollars [2] Spot Market - Qingdao Port 61.5% PB powder ore is 788 yuan/dry ton, up 9 yuan; Qingdao Port 60.8% Mac ore is 767 yuan/dry ton, up 8 yuan; Jingtang Port 56.5% Super Special powder ore is 678 yuan/dry ton, unchanged; I main contract basis is 60 yuan, down 1 yuan; Iron ore 62% Platts Index (previous day) is 94.95 US dollars/ton, down 0.25 US dollars; Jiangsu scrap steel/Qingdao Port 60.8% Mac ore is 3.52, down 0.04; Import cost estimate is 786 yuan/ton, down 2 yuan [2] Industry Situation - Australia and Brazil iron ore shipping departure volume (weekly) is 3,510.40 tons, up 79.40 tons; China's 47 - port arrival volume (weekly) is 2,673.90 tons, up 76.50 tons; 45 - port iron ore inventory (weekly) is 13,826.69 tons, down 39.89 tons; Sample steel mills' iron ore inventory (weekly) is 8,690.18 tons, down 64.15 tons; Iron ore import volume (monthly) is 9,813.10 tons, down 500.90 tons; Iron ore available days (weekly) is 17 days, down 1 day; 266 mines' daily output (weekly) is 38.48 tons, down 3.96 tons; 266 mines' operating rate (weekly) is 61.19%, down 5.76%; 266 mines' iron concentrate powder inventory (weekly) is 62.79 tons, up 3.39 tons; BDI Index is 1,680, down 11; Iron ore freight rate: Tubarao, Brazil - Qingdao is 23.40 US dollars/ton, down 0.81 US dollars; West Australia - Qingdao is 9.68 US dollars/ton, down 0.54 US dollars [2] Downstream Situation - 247 steel mills' blast furnace operating rate (weekly) is 83.54%, down 0.35%; 247 steel mills' blast furnace capacity utilization rate (weekly) is 90.63%, down 0.04%; Domestic crude steel output (monthly) is 8,602 tons, down 682 tons [2] Option Market - Underlying historical 20 - day volatility (daily) is 17.95%, up 0.54%; Underlying historical 40 - day volatility (daily) is 19.10%, down 0.83%; At - the - money call option implied volatility (daily) is 15.78%, down 1.53%; At - the - money put option implied volatility (daily) is 16.03%, up 0.01% [2] Industry News - The World Bank lowered the global GDP growth forecast from 2.7% to 2.3%, and trade disputes and policy uncertainties are expected to hinder economic growth; From June 2nd to June 8th, the total iron ore inventory of seven major ports in Australia and Brazil was 1,252.1 tons, a week - on - week decrease of 55.9 tons, and the inventory has been declining continuously [2]