铁矿石早报-20260225

Group 1: Report Information - Report Name: Iron Ore Morning Report [1] - Research Team: Black Team of the Research Center [2] - Report Date: February 25, 2026 [2] Group 2: Spot Market Data - Australia's Mainstream Iron Ore: Newman powder price is 740, down 8 daily and 19 weekly, with a disc conversion of 791.1; PB powder price is 744, down 8 daily and 19 weekly, disc conversion is 790.7; Mac powder price is 738, down 8 daily and 19 weekly, disc conversion is 806.2; Jinbuba powder price is 697, down 8 daily and 19 weekly, disc conversion is 786.1; Mixed powder price is 701, down 4 daily and 6 weekly, disc conversion is 836.8; Super special powder price is 638, down 3 daily and 12 weekly, disc conversion is 854.6; Carajás powder price is 859, up 5 daily and down 4 weekly, disc conversion is 790.9 [3]. - Brazil's Mainstream Iron Ore: Brazilian mixed powder price is 778, down 5 daily and 13 weekly, disc conversion is 780.9; Brazilian coarse IOC6 price is 719, down 8 daily and 19 weekly, disc conversion is 788.6; Brazilian coarse SSFG price is 724, down 8 daily and 19 weekly [3]. - Non - mainstream Iron Ore: Ukrainian concentrate powder price is 840, down 4 daily and up 2 weekly, disc conversion is 926.0; 61% Indian powder price is 686, down 8 daily and 19 weekly; Karara concentrate powder price is 844, down 4 daily and 3 weekly, disc conversion is 860.8; Roy Hill powder price is 731, down 8 daily and 19 weekly, disc conversion is 804.7; KUMBA powder price is 803, down 8 daily and 19 weekly, disc conversion is 781.1; 57% Indian powder price is 573, down 3 daily and 12 weekly; Atlas powder price is 696, down 4 daily and 6 weekly [3]. - Other Products: PB block/block premium price is 843, down 5 daily and 7 weekly; Ukrainian pellet/pellet premium price is 840, down 4 daily and up 2 weekly; Tangshan iron concentrate price is 944, down 13 daily and 19 weekly, disc conversion is 831.0 [3]. Group 3: Forward Market Data - Newman Powder: The forward price is 93.80, up 0.90 daily and 0.25 weekly, with an import profit of 12.44 [3]. - Mac Powder: The forward price is 93.60, up 1.00 daily and 0.35 weekly, with an import profit of 33.76 [3]. - Jinbuba Powder: The forward price is 86.20, up 1.65 daily and 1.00 weekly, with an import profit of 41.15 [3]. - Mixed Powder: The forward price is 91.25, up 0.90 daily and 0.25 weekly, with an import profit of 12.60 [3]. - Super Special Powder: The forward price is 85.75, up 0.90 daily and 0.25 weekly, with an import profit of - 1.20 [3]. - Carajás Powder: The forward price is 114.05, up 1.05 daily and 0.40 weekly, with an import profit of 9.85 [3]. - Brazilian Mixed Powder: The forward price is 103.35, up 1.55 daily and 0.90 weekly, with an import profit of 10.11 [3]. - Roy Hill Powder: The forward price is 89.95, up 0.85 daily and 0.20 weekly, with an import profit of 59.17 [3]. Group 4: Futures Market Data - Dalian Commodity Exchange: i2701 contract price is 713.5, down 6.5 daily and 18.5 weekly, with a monthly spread of 11.0 and a basis of 67.4, up 1.8 daily and 4.4 weekly; i2605 contract price is 740.5, down 5.5 daily and 21.0 weekly, with a monthly spread of - 27.0 and a basis of 40.4, up 0.8 daily and 6.9 weekly; i2609 contract price is 724.5, down 6.0 daily and 19.5 weekly, with a monthly spread of 16.0 and a basis of 56.4, up 1.3 daily and 5.4 weekly [3]. - Singapore Exchange: FE01 contract price is 93.82, up 0.36 daily and 0.28 weekly, with a monthly spread of 0.95 and a basis of - 19.7, up 7.5 daily and 10.1 weekly; FE05 contract price is 95.50, up 0.42 daily and 0.10 weekly, with a monthly spread of - 1.68 and a basis of - 7.5, up 8.8 daily and 9.8 weekly; FE09 contract price is 94.77, up 0.42 daily and 0.25 weekly, with a monthly spread of 0.73 and a basis of - 17.0, up 7.8 daily and 11.0 weekly [3].