银河期货铁矿石日报-20251010

Group 1: Market Data Summary - DCE01 price rose from 790.5 to 795.0, an increase of 4.5; DCE05 rose from 771.0 to 774.5, an increase of 3.5; DCE09 rose from 750.5 to 753.0, an increase of 2.5 [2] - I01 - I05 spread increased from 19.5 to 20.5, an increase of 1.0; I05 - I09 spread increased from 20.5 to 21.5, an increase of 1.0; I09 - I01 spread decreased from -40.0 to -42.0, a decrease of 2.0 [2] - Among various iron ore spot products, prices of most products increased, such as PB powder (60.8%) rising from 770 to 777, an increase of 7; Newman powder rising from 774 to 778, an increase of 4; etc [2] - The optimal deliverable product is Newman powder, with a price of 838, 01 - contract basis of 40, 05 - contract basis of 59, and 09 - contract basis of 80 [2] - In terms of spot product price differences, the price difference between different products changed, for example, the price difference between Carajás fines and PB powder decreased from 139 to 134, a decrease of 5 [2] - Import profits of some products decreased, such as Carajás fines' import profit decreasing from 25 to 14, a decrease of 11; Newman powder's import profit decreasing from -6 to -12, a decrease of 6 [2] - The Platts 62% iron ore price increased from 103.9 to 105.9, an increase of 1.9; the Platts 65% iron ore price increased from 117.6 to 119.5, an increase of 2.0; the Platts 58% iron ore price increased from 93.9 to 94.6, an increase of 0.6 [2] - The difference between SGX main contract and DCE01 remained unchanged at 8.0; the difference between SGX main contract and DCE05 decreased from 10.7 to 10.5, a decrease of 0.2; the difference between SGX main contract and DCE09 remained unchanged at 13.1 [2] Group 2: Graphical Data - There are multiple graphs including the basis between the optimal deliverable product and 01, 05, 09 contracts, cross - period arbitrage 1/5 spread, import profits of various iron ore products, price differences between different products, and iron ore's internal - external market US dollar spread [10][12][14] - Data sources for these graphs are from Galaxy Futures and Mysteel Information [12][14][19] Group 3: General Information - The report is a black research report from the Commodity Research Institute, specifically an iron ore daily report dated October 10, 2025 [2] - The author has a futures qualification certificate from the China Futures Association and promises to issue the report independently and objectively [33]