Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-09-02 09:26Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints of the Report - The trading商报盘积极性 is good, but the buyer's inquiry sentiment is average. The mainstream futures positions reduce short positions and increase long positions, supporting the rebound of ore prices. The short - term market may still fluctuate. It is recommended to conduct short - term trading and pay attention to rhythm and risk control [2] Group 3: Summary by Related Catalogs Futures Market - The closing price of the I main contract is 771.50 yuan/ton, up 5.50 yuan; the position volume is 453,002 hands, down 948 hands. The I 1 - 5 contract spread is 21.5 yuan/ton, down 1.50 yuan; the net position of the top 20 in the I contract is - 12,392 hands, up 8,847 hands. The DCE warrant of I is 1,900 hands, unchanged. The Singapore iron ore main contract is quoted at 102.4 US dollars/ton at 15:00, up 0.75 US dollars [2] Spot Market - The price of 61.5% PB powder ore at Qingdao Port is 834 yuan/dry ton, up 3 yuan; the price of 60.8% Macfayden powder ore is 817 yuan/dry ton, up 3 yuan. The price of 56.5% Super Special powder ore at Jingtang Port is 722 yuan/dry ton, up 4 yuan. The basis of the I main contract is 46 yuan, down 2 yuan. The 62% Platts iron ore index is 101.85 US dollars/ton (previous day), down 1.75 US dollars. The ratio of Jiangsu scrap steel to 60.8% Macfayden powder ore at Qingdao Port is 3.40, down 0.08. The estimated import cost is 833 yuan/ton, down 14 yuan [2] Industry Situation - The global iron ore shipping volume is 3,556.80 million tons (weekly), up 241.00 million tons; the arrival volume at 47 ports in China is 2,645.00 million tons (weekly), up 182.70 million tons. The iron ore inventory at 47 ports is 14,388.02 million tons (weekly), down 56.18 million tons; the iron ore inventory of sample steel mills is 9,007.19 million tons (weekly), down 58.28 million tons. The iron ore import volume is 10,462.00 million tons (monthly), down 133.00 million tons. The available days of iron ore are 18 days (weekly), unchanged. The daily output of 266 mines is 39.22 million tons (weekly), down 0.57 million tons; the operating rate of 266 mines is 62.45% (weekly), down 0.51%. The iron concentrate inventory of 266 mines is 32.71 million tons (weekly), down 0.24 million tons. The BDI index is 2,024.00, down 1.00. The freight rate of iron ore from Tubarao, Brazil to Qingdao is 24.58 US dollars/ton, up 0.07 US dollars; the freight rate from Western Australia to Qingdao is 10.21 US dollars/ton, up 0.10 US dollars [2] Downstream Situation - The blast furnace operating rate of 247 steel mills is 83.18% (weekly), down 0.16%; the blast furnace capacity utilization rate is 90.00% (weekly), down 0.27%. The domestic crude steel output is 7,966 million tons (monthly), down 353 million tons [2] Option Market - The 20 - day historical volatility of the underlying is 19.39% (daily), down 0.18%; the 40 - day historical volatility is 21.17% (daily), up 0.05%. The implied volatility of at - the - money call options is 18.18% (daily), down 0.73%; the implied volatility of at - the - money put options is 18.65% (daily), up 0.22% [2] Industry News - The total inventory of imported iron ore at 47 ports in China is 14,376.11 million tons, down 12.57 million tons from last Monday; the total inventory at 45 ports is 13,776.51 million tons, down 22.17 million tons. From August 25th to August 31st, 2025, the arrival volume at 47 ports in China is 2,645.0 million tons, an increase of 182.7 million tons; the arrival volume at 45 ports is 2,526.0 million tons, an increase of 132.7 million tons; the arrival volume at six northern ports is 1,300.8 million tons, an increase of 147.8 million tons [2]