Group 1: Report Information - Report Title: "Light Period Black: Iron Ore Basis and Spread Monitoring Daily Report" [1] - Date: September 12, 2025 [1] Group 2: Contract Spreads - I05 closed at 773.5 yuan/ton, down 7.5 yuan from the previous day; I09 closed at 840.5 yuan/ton, down 7.0 yuan; I01 closed at 795.5 yuan/ton, down 9.5 yuan [3] - The spread of I05 - I09 was -67.0 yuan/ton, down 0.5 yuan; I09 - I01 was 45.0 yuan/ton, up 2.5 yuan; I01 - I05 was 22.0 yuan/ton, down 2.0 yuan [3] Group 3: Basis Data - For various iron ore varieties, prices and basis changed. For example, the price of Carajás Fines was 900 yuan/ton, down 8.0 yuan, and the basis was 64 yuan, up 1 yuan [6] - The price of BRBF was 812 yuan/ton, down 8.0 yuan, and the basis was 43 yuan, up 1 yuan [6] Group 4: Exchange Rule Adjustments - Four new deliverable varieties (Benxi Concentrate, IOC6, KUMBA, Ukrainian Concentrate) were added with a brand premium of 0, effective from the I2202 contract [11] - Brand premiums of existing varieties were adjusted. Only PB Fines, BRBF, and Carajás Fines had a brand premium of 15 yuan/ton, and others were 0 [11] - Quality difference and premium rules for substitutes were modified, including adjusting the allowable range of iron grade and other elements and introducing a dynamic adjustment mechanism for iron element premium [11] - Four new deliverable brands (Taigang Concentrate, Magang Concentrate, Minmetals Standard Fines, SP10 Fines) were added with a brand premium of 0 yuan/ton, applicable to the I2312 and subsequent contracts [11] Group 5: Variety Spreads - The spread of PB Lump - PB Fines was 138.0 yuan/ton, up 2.0 yuan; PB Fines - FMG Mixed Fines was 51.0 yuan/ton, down 3.0 yuan [13] - The spread of Newman Lump - Newman Fines was 139.0 yuan/ton, up 1.0 yuan; PB Fines - Super Special Fines was 90.0 yuan/ton, down 4.0 yuan [13] Group 6: Research Team Introduction - Qiu Yuecheng is the Assistant Director of the Research Institute and the Director of Black Research at Everbright Futures, with nearly 20 years of experience in the steel industry [23] - Zhang Xiaojin is the Director of Resource Product Research at Everbright Futures, with rich experience in the field of power coal [23] - Liu Xi is a black researcher at Everbright Futures, good at fundamental supply - demand analysis based on industrial chain data [23] - Zhang Chunjie is a black researcher at Everbright Futures, with experience in investment trading strategies and spot - futures operations [23]
光期黑色：铁矿石基差及价差监测日报-20250912
Guang Da Qi Huo·2025-09-12 05:15