铁矿石：多事件扰动，偏强震荡

Group 1 - Report industry investment rating: Not provided Group 2 - Core view of the report: The iron ore market is affected by multiple events and shows a moderately strong and fluctuating trend. The trend strength of iron ore is 1, indicating a moderately positive view [1] Group 3 Summary based on relevant catalogs - Fundamental tracking: - Futures: The closing price of futures contract 12601 was 780.5 yuan/ton, down 3.5 yuan/ton or 0.45%. The position was 447,365 lots, a decrease of 26,627 lots [1] - Spot prices: Among imported ores, the price of Carajás fines (65%) was 918 yuan/ton, up 1 yuan/ton; PB fines (61.5%) was 779 yuan/ton, unchanged; Jinbuba fines (61%) was 748 yuan/ton, unchanged; Super Special fines (56.5%) was 708 yuan/ton, up 1 yuan/ton. Among domestic ores, the price of Langna (66%) was 952 yuan/ton, unchanged; Laiwu (65%) was 870 yuan/ton, unchanged [1] - Spreads: The basis of 12601 against Super Special fines was 141.5 yuan/ton, up 4.6 yuan/ton; against Jinbuba fines was 49.1 yuan/ton, up 3.5 yuan/ton. The spread between 12509 and 12601 was -40 yuan/ton, up 1 yuan/ton; between 12601 and 12605 was 21 yuan/ton, down 0.5 yuan/ton. The spread between Carajás fines and PB fines was 139 yuan/ton, up 1 yuan/ton; between PB fines and Jinbuba fines was 31 yuan/ton, unchanged; between PB fines and Super Special fines was 71 yuan/ton, down 1 yuan/ton [1] - Macro and industry news: Affected by the US government shutdown, the data on the change in non - farm payrolls in the US in September and the US unemployment rate in September, originally scheduled to be announced at 20:30 Beijing time, have not been released [1]