黑色商品日报-20250806

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - The short - term trend of steel products is expected to be oscillating and strengthening. The issuance of new local government special bonds has accelerated, and coal mine over - production inspections have boosted market sentiment [1]. - Iron ore prices are expected to show an oscillating trend in the short term, with a decline in global shipments and a decrease in iron - making water production [1]. - Coking coal and coke are expected to have a wide - range oscillating trend in the short term. The over - production inspection of coal mines affects the supply side, and the profit of coke enterprises has been repaired, with stable demand [1]. - Manganese silicon and ferrosilicon are expected to have a wide - range oscillating trend in the short term. Market news has a certain impact on market sentiment, but has not yet affected supply and demand [1][3]. 3. Summary According to the Directory 3.1 Research Views - Steel Products: The price of rebar futures rose, with the 2510 contract closing at 3233 yuan/ton, up 0.91%. Spot prices also increased. The issuance of new local government special bonds accelerated, and coal mine over - production inspections boosted sentiment. The short - term trend is expected to be oscillating and strengthening [1]. - Iron Ore: The price of the main iron ore futures contract i2509 rose to 798.5 yuan/ton, up 1%. Global shipments decreased, iron - making water production declined, and port inventories decreased. The short - term trend is expected to be oscillating [1]. - Coking Coal: The coking coal futures price rose, with the 2509 contract closing at 1035 yuan/ton, up 2.93%. The over - production inspection of coal mines affected the supply side, and coke enterprises still had certain restocking needs. The short - term trend is expected to be wide - range oscillating [1]. - Coke: The coke futures price rose, with the 2509 contract closing at 1634.5 yuan/ton, up 1.21%. After the fifth price increase of coke, the profit of coke enterprises was further repaired, and demand was stable. The short - term trend is expected to be wide - range oscillating [1]. - Manganese Silicon: The manganese silicon futures price oscillated and strengthened, with the main contract closing at 6018 yuan/ton, up 0.94%. Market news had a certain impact on sentiment, but "anti - involution" had not affected supply and demand. The short - term trend is expected to be wide - range oscillating with support at the bottom [1][3]. - Ferrosilicon: The ferrosilicon futures price oscillated and strengthened, with the main contract closing at 5716 yuan/ton, up 1.03%. The cost increased, and supply continued to rise. The short - term trend is expected to be wide - range oscillating [1][3]. 3.2 Daily Data Monitoring - Contract Spreads: The spreads of various contracts such as rebar, hot - rolled coil, iron ore, etc., showed different changes. For example, the 10 - 1 spread of rebar was - 73.0, down 6.0 [4]. - Basis: The basis of each variety also changed. For example, the basis of the 10 - contract of rebar was 127.0, down 9.0 [4]. - Spot Prices: Spot prices of various varieties increased to varying degrees. For example, the price of Shanghai rebar increased by 20 yuan/ton [4]. - Profits and Spreads: Profits such as rebar's disk profit, long - process profit, and short - process profit increased. Cross - variety spreads such as the coil - rebar spread and the rebar - iron ore ratio also changed [4]. 3.3 Chart Analysis - Main Contract Prices: The report provides price trend charts of main contracts for rebar, hot - rolled coil, iron ore, etc., from 2020 to 2025 [7][9][13]. - Main Contract Basis: It shows the basis trend charts of main contracts for rebar, hot - rolled coil, iron ore, etc., over different time periods [19][20][23]. - Inter - period Contract Spreads: It presents the spread trend charts of inter - period contracts for rebar, hot - rolled coil, iron ore, etc., over different time periods [27][29][31]. - Cross - variety Contract Spreads: It includes spread trend charts of cross - variety contracts such as the coil - rebar spread, rebar - iron ore ratio, etc., from 2020 to 2025 [42][43]. - Rebar Profits: It provides profit trend charts of rebar's disk profit, long - process profit, and short - process profit from 2020 to 2025 [47][48][51]. 3.4 Black Research Team Introduction - The black research team of Everbright Futures includes members such as Qiu Yuecheng, Zhang Xiaojin, Liu Xi, Zhang Chunjie, each with rich experience and professional expertise [54][55].