Group 1: Report Industry Investment Ratings - Steel: Unilateral range - bound震荡思路, hot - rolled coil futures - spot positive arbitrage rolling operation, or use option strategies to assist spot procurement [6] - Ferrosilicon and Manganese Silicon: Industrial customers hedge at high prices [6] - Coking Coal and Coke: Buy on dips [6] - Iron Ore: Hold a wait - and - see attitude [6] Group 2: Core Views - Steel market fluctuates greatly, spot follow - up momentum is weak, price has support at low levels but cannot form a resonance rebound [2] - Ferrosilicon and Manganese Silicon fundamentals continue to be under pressure, with high supply and weak demand, and there is a high risk of a subsequent decline [2] - Coking coal spot auctions are mostly rising, and the market enters the "expectation" stage in the off - season, with a preference for buying on dips [4] - Iron ore price touches the resistance level and falls back, with neutral - high valuation and clear upward pressure, and it is recommended to wait and see [5] Group 3: Summary by Category Steel - On January 13, the closing prices and price changes of far - month and near - month contracts of steel futures are as follows: for far - month contracts, the closing price of RB2610 is 3321.00 yuan/ton, down 27.50 yuan; for near - month contracts, the closing price of RB2605 is 3303.00 yuan/ton, unchanged. The spot prices of steel in different regions also have corresponding changes. The follow - up of spot prices is weak, and the de - stocking pressure of five - type steel plates exists [1][2] Ferrosilicon and Manganese Silicon - Market sentiment is changeable, prices fluctuate greatly, affected by coal - power news. Demand is under pressure due to poor steel prices and low steel mill profits, and supply is high with insufficient production reduction drive from alloy plants [2] Coking Coal and Coke - Spot trading atmosphere of coking coal improves with coke enterprises' replenishment and intermediate - link purchases. Online auctions are mostly rising. In the futures market, there is more resonance and fluctuation in the capital market, with a long - bias. The market is in the off - season, and the subsequent market depends on whether there is enough "expectation" to drive up the price [4] Iron Ore - The iron ore price falls back when it touches the resistance level. The valuation is neutral - high, and the inventory pressure is increasing. It is recommended not to chase long or short, but to wait and see [5]
黑色金属数据日报-20260114
Guo Mao Qi Huo·2026-01-14 03:00