铁矿石：区间震荡

Report Summary 1. Report Industry Investment Rating - The investment rating for the iron ore industry is "Range-bound" [1] 2. Core Viewpoint - The iron ore market is expected to experience range-bound fluctuations [1] 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - Futures Data: The closing price of I2605 was 761.5 yuan/ton with no change, and the position was 513,940 hands with an increase of 556 hands [1] - Spot Prices: The prices of various types of iron ore, including imported and domestic ores, remained unchanged [1] - Basis and Spreads: The basis and spreads of different iron ore varieties showed little change, except for the spread between I2605 - I2609 which decreased by 1.0 yuan/ton and the spread between I2609 - I2701 which increased by 1.0 yuan/ton [1] 3.2 Macro and Industry News - China's January RatingDog manufacturing PMI was 50.3, in line with expectations and higher than the previous value of 50.1 [1] - Many real - estate companies are no longer required by regulatory authorities to report the "Three Red Lines" indicators monthly, but some troubled real - estate companies need to report financial indicators such as asset - liability ratio to the special team in their headquarters city regularly [1] 3.3 Trend Intensity - The trend intensity of iron ore is - 1, indicating a relatively bearish view [2]