瑞达期货铁矿石产业链日报-20260310

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - On Tuesday, the I2605 contract first declined and then rebounded. The panic in the market decreased as the price dropped from a high level, weakening the support for the ore price. Technically, the 1 - hour MACD indicator of the I2605 contract shows that DIFF and DEA are running at a high level with the red bar shrinking. In terms of supply - demand, the iron ore shipments from Australia and Brazil decreased this period, while the arrival volume increased. Steel mills in North China limited production, leading to a decline in molten iron output, and the iron ore port inventory continued to increase. It is recommended to refer to short - term trading and pay attention to risk control [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the I main contract is 784.00 yuan/ton, down 0.50 yuan; the position volume is 467,965 hands, down 5,292 hands. The I 5 - 9 contract spread is 27 yuan/ton, up 0.50 yuan; the net position of the top 20 I contracts is - 41,153 hands, down 2,654 hands. The DCE warehouse receipt is 2,900.00 hands, up 300.00 hands. The Singapore iron ore main contract's quote at 15:00 is 103.75 US dollars/ton, up 0.68 US dollars [2] 3.2 Spot Market - The price of 61.5% PB powder ore at Qingdao Port is 825 yuan/dry ton, down 4 yuan; the price of 60.5% Mac fine ore is 814 yuan/dry ton, down 3 yuan. The price of 56.5% Chaote fine ore at Jingtang Port is 736 yuan/dry ton, up 6 yuan. The basis of the I main contract (Mac fine dry ton - main contract) is 30 yuan, down 3 yuan. The 62% Platts iron ore index (previous day) is 104.55 US dollars/ton, up 1.90 US dollars. The ratio of Jiangsu scrap steel to 60.5% Mac fine ore at Qingdao Port is 3.23, up 0.05. The estimated import cost is 830 yuan/ton, up 13 yuan [2] 3.3 Industry Situation - The global iron ore shipping volume (weekly) is 2,897.80 tons, down 442.90 tons; the arrival volume at 47 ports in China (weekly) is 2,697.50 tons, up 467.50 tons. The iron ore inventory at 47 ports (weekly) is 17,894.83 tons, up 3.53 tons; the iron ore inventory of sample steel mills (weekly) is 9,011.57 tons, down 73.53 tons. The iron ore import volume (monthly) is 11,965.00 tons, up 2,201.21 tons; the available days of iron ore (weekly) is 21.00 days, unchanged. The daily output of 266 mines (weekly) is 38.60 tons, up 1.48 tons; the operating rate of 266 mines (weekly) is 60.90%, up 1.87%. The iron concentrate inventory of 266 mines (weekly) is 50.17 tons, up 8.45 tons. The BDI index is 2,066.00, up 56.00. The iron ore freight rate from Tubarao, Brazil to Qingdao is 27.71 US dollars/ton, up 1.96 US dollars; the iron ore freight rate from Western Australia to Qingdao is 12.87 US dollars/ton, up 3.26 US dollars [2] 3.4 Downstream Situation - The blast furnace operating rate of 247 steel mills (weekly) is 77.69%, down 2.55%; the blast furnace capacity utilization rate of 247 steel mills (weekly) is 85.30%, down 2.18%. The domestic crude steel output (monthly) is 6,818 tons, down 169 tons [2] 3.5 Option Market - The 20 - day historical volatility of the underlying (daily) is 15.70%, down 0.45%; the 40 - day historical volatility of the underlying (daily) is 17.83%, down 0.17%. The implied volatility of at - the - money call options (daily) is 22.93%, up 1.42%; the implied volatility of at - the - money put options (daily) is 22.24%, down 1.64% [2] 3.6 Industry News - From March 2nd to March 8th, 2026, Mysteel's global iron ore shipping volume was 2,897.8 tons, a week - on - week decrease of 442.9 tons. The total iron ore shipping volume from Australia and Brazil was 2,342.1 tons, a week - on - week decrease of 348.5 tons. Australia's shipping volume was 1,753.2 tons, a week - on - week decrease of 195.3 tons, and the volume shipped from Australia to China was 1,465.9 tons, a week - on - week decrease of 105.1 tons. Brazil's shipping volume was 589.0 tons, a week - on - week decrease of 153.3 tons. - According to data from the General Administration of Customs on March 10th, China's cumulative imports of iron ore and its concentrates from January to February were 21,002.3 tons, a year - on - year increase of 10.0% [2]