格林大华期货早盘提示-20250702

Group 1: Report Industry Investment Rating - The investment rating for the iron ore in the black building materials industry is "Oscillating Bullish" [1] Group 2: Core View of the Report - The iron ore market has a strong downward driving force in July, with the upper pressure level of the main contract rising to 738 and the support level at 690. Existing short positions should be held with stop - losses set [1] Group 3: Summary by Relevant Catalogs Market Review - On Tuesday, the main iron ore contract closed at 708.5, down 1.32%; the secondary main contract closed at 685.0, down 1.08%. It closed higher in the night session [1] Important Information - The Sixth Meeting of the Central Financial and Economic Commission studied issues such as promoting the construction of a unified national market and high - quality development of the marine economy, emphasizing governance of low - price and disorderly competition of enterprises, standardization of government procurement, and promotion of integrated development of domestic and foreign trade [1] - In June 2025, China's heavy - truck market sold about 92,000 vehicles (wholesale, including exports and new energy), a 4% month - on - month increase from May and a 29% year - on - year increase from 71,400 vehicles in the same period last year. It has seen three consecutive months of year - on - year growth since April, with the growth rate expanding monthly [1] - The third round and fourth batch of 8 central ecological and environmental protection inspection teams completed the on - site inspection phase in 5 provinces (Shanxi, Inner Mongolia, Shandong, Shaanxi, Ningxia) and 3 central enterprises [1] Market Logic - On Tuesday, the iron ore futures market declined significantly, weaker than the finished steel market, and stopped falling at night. The profit per ton of steel is about 100 yuan, some blast furnaces have resumed production but not at full capacity. The molten iron output remains above 2.4 million tons, close to the phased top and may decline later. The arrival and shipment volumes of iron ore decreased this period, and the port inventory decreased, releasing much inventory pressure [1] Trading Strategy - Hold existing short positions and set stop - losses [1]