光期黑色：铁矿石基差及价差监测日报-20260212

1. Report Industry Investment Rating - No relevant information provided. 2. Core View of the Report - The report provides daily monitoring data on iron ore basis and spreads, including futures contract prices, spreads, basis data of various iron ore varieties, and changes in the list of deliverable brands and their premium/discounts [3][7][12]. 3. Summary by Relevant Catalogs 3.1 Futures Contract Prices and Spreads - The closing prices of I05, I09, and I01 contracts are 762.5, 745.0, and 733.5 respectively, with changes of 1.0, 1.0, and 1.5 compared to the previous day [3]. - The spreads of I05 - I09, I09 - I01, and I01 - I05 are 17.5, 11.5, and -29.0 respectively, with changes of 0.0, -0.5, and 0.5 compared to the previous day [3]. 3.2 Basis Data - The basis of various iron ore varieties such as Carajás fines, BRBF, Newman fines, etc. shows different changes. For example, the basis of Carajás fines decreased by 1 to 57, and the basis of FMG blended fines remained unchanged at 74 [7]. 3.3 Changes in Deliverable Brands and Premium/Discounts - Four new deliverable varieties (Benxi concentrate, IOC6, KUMBA, Ukrainian concentrate) are added, with a brand premium/discount of 0, starting from the I2202 contract [12]. - The premium/discounts of existing varieties are adjusted. Only PB fines, BRBF, and Carajás fines have a brand premium/discount of 15 yuan/ton, and the rest are 0 yuan/ton [12]. - Four more deliverable brands (Taigang concentrate, Magang concentrate, Minmetals standard fines, SP10 fines) are added, with a brand premium/discount of 0 yuan/ton, applicable to the I2312 and subsequent contracts [12]. 3.4 Variety Spreads - The spreads between different iron ore varieties such as PB lump - PB fines, Newman lump - Newman fines, etc. show different changes. For example, the spread of PB lump - PB fines increased by 2 to 89, and the spread of PB fines - blended fines decreased by 1 to 55 [14].