黑色商品日报（2025 年 6 月 13 日）-20250613

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - The steel market is in a situation of weak supply and demand. It is expected that the short - term rebar futures market will mainly operate in a low - level consolidation [1]. - The iron ore market has a mix of long and short factors. It is expected that the iron ore futures price will show a volatile trend [1]. - The coking coal market has a slightly tightened supply and weak demand. It is expected that the short - term coking coal futures market will operate in a volatile manner [1]. - The coke market has weak terminal demand and high inventory pressure on coke enterprises. It is expected that the short - term coke futures market will operate in a volatile manner [1]. - The manganese silicon market has a relatively loose supply - demand structure and weak cost support. It is expected that the short - term manganese silicon price will mainly operate in a low - level consolidation [3]. - The silicon iron market has limited overall driving forces, but the supply is gradually decreasing. It is expected that the short - term silicon iron price will mainly operate in a low - level consolidation [3]. 3. Summary by Relevant Catalogs 3.1 Research Views Steel - Rebar futures prices fell yesterday. The spot price also declined, and the trading volume decreased. The production, inventory, and apparent demand of rebar all decreased. The market is in a situation of weak supply and demand, and it is expected to operate in a low - level consolidation [1]. Iron Ore - The price of the main iron ore futures contract fell yesterday. The port spot price also declined. The global iron ore shipment volume increased, the blast furnace operating rate decreased, and the iron ore inventory increased. It is expected to show a volatile trend [1]. Coking Coal - The coking coal futures price fell yesterday. The spot market is weak, with some coal mines shutting down and downstream procurement being cautious. It is expected to operate in a volatile manner [1]. Coke - The coke futures price fell yesterday. The spot price is stable. Due to strict environmental inspections, the overall operating rate has declined slightly, and the terminal demand is weak. It is expected to operate in a volatile manner [1]. Manganese Silicon - The manganese silicon futures price weakened yesterday. The mainstream steel procurement has new progress. The supply is increasing, the demand is weakening, and the cost support is weak. It is expected to operate in a low - level consolidation [3]. Silicon Iron - The silicon iron futures price weakened yesterday. The mainstream steel procurement has new progress. The supply is decreasing slightly, the demand is weak, and the cost is relatively stable. It is expected to operate in a low - level consolidation [3]. 3.2 Daily Data Monitoring - The report provides data on contract spreads, basis, and spot prices for various black commodities such as rebar, hot - rolled coils, iron ore, coke, coking coal, manganese silicon, and silicon iron, as well as profit and spread data between different varieties [4]. 3.3 Chart Analysis - The report includes multiple charts, such as the closing price of the main contract, the basis of the main contract, the spread of inter - period contracts, the spread of inter - variety contracts, and the profit of rebar, to show the historical price trends and relationships of different black commodities [6][7][17][25][38][43]. 3.4 Black Research Team Member Introduction - The black research team members include Qiu Yuecheng, Zhang Xiaojin, Liu Xi, and Zhang Chunjie, each with their own professional backgrounds and qualifications [49][50].