银河期货铁矿石日报-20250915
Yin He Qi Huo·2025-09-15 09:58

Report Overview - Report Title: Iron Ore Daily Report - Report Date: September 15, 2025 - Report Author: Commodity Research Institute, Black Research and Development 1. Futures Market Data - DCE Futures Prices: DCE01 was at 796.0, down 3.5 from yesterday; DCE05 was at 774.5, down 3.0; DCE09 was at 757.0, down 59.0 [2] - Spread Data: I01 - I05 was 21.5, down 0.5; I05 - I09 was 17.5, up 56.0; I09 - I01 was -39.0, down 55.5 [2] 2. Spot Market Data - Spot Prices and Changes: Various iron ore powders and concentrates showed price increases, such as PB powder (60.8%) rising from 777 to 780, and Newman powder rising from 787 to 790 [2] - Base Difference Data: The base differences of different varieties to 01, 05, and 09 contracts were calculated, with the optimal delivery product being BRBF(62.5%) with base differences of 35, 57, and 18 respectively [2] - Spot Variety Spreads: Spreads like Carajás fines - PB powder were 126, up 1 from the previous day, and Newman powder - Jinbuba powder was 26, down 3 [2] - Import Profits: Import profits of different varieties changed; for example, Carajás fines' import profit increased from -10 to -7, and PB powder's increased from -7 to -6 [2] 3. Index Data - Platts Index: The Platts 62% iron ore price was 106.4, up 0.7; the 65% price was 123.1, up 0.5; the 58% price was 93.9, up 1.3 [2] - Domestic and Foreign US Dollar Spreads: SGX主力 - DCE01 was 8.1, up 0.1; SGX主力 - DCE05 was 10.8, unchanged; SGX主力 - DCE09 was 6.0, up 3.7 [2] 4. Graphical Data - Base Difference Graphs: There were graphs showing the base differences between the optimal delivery product and 01, 05, and 09 contracts [19][12] - Spread Graphs: Graphs presented the 1/5 spread and other cross - period spreads [14] - Import Profit Graphs: Graphs displayed the import profits of PB powder, PB lump, Super Special powder, and Carajás fines over multiple years [17][21] - Price Spread Graphs: Graphs showed the spreads between PB lump - PB powder, Carajás fines - PB powder, and relationships between steel mill cash profits and high - medium - low grade price spreads [24][26]