Report Summary Report Industry Investment Ratings - Thread Steel: ☆☆☆, indicating a relatively balanced short - term trend with poor operability on the trading floor [1] - Hot - Rolled Coil: ★☆☆, suggesting a bullish bias but poor operability on the trading floor [1] - Iron Ore: ★☆★, with a certain bullish trend and some operability [1] - Coke: ★☆☆, a bullish bias but poor operability on the trading floor [1] - Coking Coal: ★☆☆, a bullish bias but poor operability on the trading floor [1] - Silicon Manganese: ★☆☆, a bullish bias but poor operability on the trading floor [1] - Silicon Iron: ★☆☆, a bullish bias but poor operability on the trading floor [1] Report's Core Views - The steel market is in short - term oscillation, with the upper rebound height limited and the lower supported by cost. The iron ore market is expected to oscillate at a high level. The coke and coking coal markets are affected by factors such as iron - water production recovery and policy expectations, with large price volatility. The silicon manganese and silicon iron markets need to observe the continuity of "anti - involution" policies [2][3][4] Summary by Related Catalogs Steel - The thread steel's demand has fluctuated and recovered, the production has declined, and the inventory accumulation rhythm has slowed down. The hot - rolled coil's demand and production have both increased, and the inventory accumulation rhythm has also slowed down. The market is under potential negative - feedback pressure, with weak domestic demand and high exports. The short - term trend is oscillation [2] Iron Ore - The global iron ore shipment has significantly declined, the domestic arrival volume has slightly decreased, and the port inventory has stabilized and rebounded. The terminal demand is still weak, but there is a strong expectation of iron - water production recovery this week, and there is also a demand for pre - holiday inventory replenishment. The market is expected to oscillate at a high level [3] Coke - The price oscillated strongly during the day. The first round of coking price cuts has been fully implemented. The overall inventory has increased, and the price is greatly affected by policy expectations and market sentiment, with large volatility [4] Coking Coal - The price oscillated strongly during the day. Affected by the parade, the production of coking coal mines has significantly decreased, but the impact time is short. The overall carbon element supply is still abundant, and the price is greatly affected by policy expectations and market sentiment [6] Silicon Manganese - The price oscillated strongly during the day. The demand for iron - water production is expected to recover. The weekly production has continued to increase, and the inventory has not increased. The long - term manganese ore is expected to accumulate inventory [7] Silicon Iron - The price oscillated strongly during the day. The demand for iron - water production is expected to recover. The supply has continued to increase significantly, and the inventory has slightly decreased [8]
黑色金属日报-20250910
Guo Tou Qi Huo·2025-09-10 12:29