Ruida Futures(SZ:002961) Rui Da Qi Huo·2026-01-22 09:26Report Summary 1. Report Industry Investment Rating - Not provided in the content 2. Core Viewpoints - The report suggests short - term trading and emphasizes risk control. The port continues the inventory accumulation trend, with relatively sufficient spot resources. The record - high quarterly iron ore production and sales of Rio Tinto and the growth potential of Simandou may limit the upside of ore prices. Technically, the 1 - hour MACD indicator of the I2605 contract shows that DIFF and DEA are rebounding from low levels [2] 3. Summary by Relevant Catalogs Futures Market - The closing price of the I main contract is 786.50 yuan/ton, up 2.50 yuan; the position volume is 566,469 lots, down 8,780 lots. The I 5 - 9 contract spread is 17 yuan/ton, down 0.50 yuan; the net position of the top 20 in the I contract is - 14,751 lots, down 3,102 lots. The DCE warehouse receipt is 1,300 lots, down 100 lots. The Singapore iron ore main contract is quoted at 103.55 dollars/ton, up 0.36 dollars [2] 现货市场 - The price of 61.5% PB powder ore at Qingdao Port is 846 yuan/dry ton, up 2 yuan; 60.5% Macfarlane powder ore is 841 yuan/dry ton, unchanged. The price of 56.5% Super Special powder ore at Jingtang Port is 751 yuan/dry ton, unchanged. The basis of the I main contract is 55 yuan, down 3 yuan. The 62% Platts iron ore index is 103.20 dollars/ton, down 0.35 dollars. The ratio of Jiangsu scrap steel to 60.5% Macfarlane powder ore at Qingdao Port is 3.10, up 0.01. The estimated import cost is 832 yuan/ton, down 3 yuan [2] 产业情况 - The global iron ore shipment volume is 2,929.80 million tons per week, down 251.10 million tons; the arrival volume at 47 ports in China is 2,897.70 million tons per week, down 117.30 million tons. The iron ore inventory at 47 ports is 17,288.70 million tons per week, up 244.26 million tons; the iron ore inventory of sample steel mills is 9,262.22 million tons per week, up 272.63 million tons. The iron ore import volume is 11,965.00 million tons per month, up 911.00 million tons; the available days of iron ore are 22 days per week, up 5 days. The daily output of 266 mines is 39.95 million tons per week, up 0.81 million tons; the operating rate of 266 mines is 63.02%, up 1.30%. The iron concentrate inventory of 266 mines is 43.44 million tons per week, down 0.49 million tons. The BDI index is 1,803.00, up 74.00. The freight rate of iron ore from Tubarao, Brazil to Qingdao is 20.95 dollars/ton, up 0.02 dollars; from Western Australia to Qingdao is 8.55 dollars/ton, up 0.06 dollars [2] 下游情况 - The blast furnace operating rate of 247 steel mills is 78.82% per week, down 0.51%; the blast furnace capacity utilization rate is 85.46% per week, down 0.60%. The domestic crude steel output is 6,818 million tons per month, down 169 million tons [2] 期权市场 - The 20 - day historical volatility of the underlying is 18.78% per day, down 0.03%; the 40 - day historical volatility is 16.05% per day, down 0.02%. The implied volatility of at - the - money call options is 17.66% per day, down 0.08%; the implied volatility of at - the - money put options is 17.54% per day, up 1.48% [2] 行业消息 - From January 12th to January 18th, 2026, Mysteel's global iron ore shipment volume was 2,929.8 million tons, a week - on - week decrease of 251.1 million tons. The total shipment volume of iron ore from Australia and Brazil was 2,246.6 million tons, a week - on - week decrease of 359.8 million tons. Mysteel's new - caliber statistics show that the total inventory of imported sinter powder of 114 steel mills is 3,088.82 million tons, a week - on - week increase of 79.05 million tons. The total daily consumption of imported sinter powder is 115.99 million tons, a week - on - week decrease of 0.22 million tons. The inventory - to - consumption ratio is 26.63, a week - on - week increase of 0.73 [2]