Guang Da Qi Huo·2026-02-02 11:23Group 1: Contract Spreads - The closing price of I05 is 791.5 yuan/ton, down 7.0 yuan from the previous day; I09 is 772.5 yuan/ton, down 6.5 yuan; I01 is 760.0 yuan/ton, down 5.5 yuan [3]. - The spread of I05 - I09 is 19.0 yuan/ton, down 0.5 yuan; I09 - I01 is 12.5 yuan/ton, down 1.0 yuan; I01 - I05 is -31.5 yuan/ton, up 1.5 yuan [3]. Group 2: Basis - For different iron ore varieties, the basis and its changes vary. For example, the basis of Carajás fines is 57 yuan/ton, up 7 yuan; BRBF is 51 yuan/ton, down 3 yuan; PB fines is 47 yuan/ton, down 3 yuan [7]. Group 3: Variety Spreads - The variety spreads also show different changes. For instance, the spread of PB lump - PB fines is 69.0 yuan/ton, up 3.0 yuan; PB fines - FMG mixed fines is 62.0 yuan/ton, down 7.0 yuan [14]. Group 4: Policy Adjustments - Since December 2nd, the main contract of iron ore is I2205. Four new deliverable varieties are added: Benxi Iron concentrate, IOC6, KUMBA, and Ukrainian iron concentrate, with a brand premium of 0, effective from I2202 contract [12]. - The brand premium of existing varieties is adjusted. Only PB fines, BRBF, and Carajás fines have a brand premium of 15 yuan/ton, while others are 0 yuan/ton [12]. - The allowable range of iron grade index is adjusted to be greater than or equal to 56%. The allowable ranges of silica, alumina, phosphorus, and sulfur are set, and the quality premium and discount are more detailed [12]. - Four new deliverable brands are added: Taiyuan Iron concentrate, Maanshan Iron concentrate, Minmetals Standard fines, and SP10 fines, with a brand premium of 0 yuan/ton [12]. - The adjusted deliverable brands and their premiums apply to I2312 and subsequent contracts [13].