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瑞达期货铁矿石产业链日报-20250929
Rui Da Qi Huo· 2025-09-29 09:57
研究员: 蔡跃辉 期货从业资格号F0251444 期货投资咨询从业证书号Z0013101 免责声明 本报告中的信息均来源于公开可获得资料,瑞达期货股份有限公司力求准确可靠,但对这些信息的准确性及完整性不做任何保证,据此投资,责任自负。本报告 不构成个人投资建议,客户应考虑本报告中的任何意见或建议是否符合其特定状况。本报告版权仅为我公司所有,未经书面许可,任何机构和个人不得以任何形 式翻版、复制和发布。如引用、刊发,需注明出处为瑞达期货股份有限公司研究院,且不得对本报告进行有悖原意的引用、删节和修改。 铁矿石产业链日报 2025/9/29 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | I 主力合约收盘价(元/吨) | 784.00 | -6.00↓ I 主力合约持仓量(手) | 473,992 | -34937↓ | | | I 1-5合约价差(元/吨) | 21.5 | +1.00↑ I 合约前20名净持仓(手) | -12540 | +10384↑ | | | I 大商所仓单(手 ...
瑞达期货铁矿石产业链日报-20250925
Rui Da Qi Huo· 2025-09-25 09:31
研究员: 蔡跃辉 期货从业资格号F0251444 期货投资咨询从业证书号Z0013101 免责声明 铁矿石产业链日报 2025/9/25 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | I 主力合约收盘价(元/吨) | 805.50 | +2.00↑ I 主力合约持仓量(手) | 529,740 | -9319↓ | | | I 1-5合约价差(元/吨) | 20 | -0.50↓ I 合约前20名净持仓(手) | -33567 | -1993↓ | | | I 大商所仓单(手) | 2,000.00 | 0.00 | | | | | 新加坡铁矿石主力合约截止15:00报价(美元/吨) | 106.05 | -0.12↓ | | | | 现货市场 | 青岛港61.5%PB粉矿 (元/干吨) | 860 | -2↓ 青岛港60.8%麦克粉矿 (元/干吨) | 851 | -3↓ | | | 京唐港56.5%超特粉矿 (元/干吨) | 771 | -2↓ I 主力合约基差 (麦克粉干吨- ...
瑞达期货铁矿石产业链日报-20250923
Rui Da Qi Huo· 2025-09-23 09:15
1. Report Industry Investment Rating - No relevant content provided. 2. Core View of the Report - On Tuesday, the I2601 contract decreased with reduced positions. Macroscopically, US President Trump stated that he would meet with Chinese leaders during the APEC Economic Leaders' Meeting, and Chinese Foreign Ministry Spokesperson Guo Jiakun responded that the two heads of state maintain close communication. In terms of supply - demand, the iron ore shipments from Australia and Brazil decreased this period, while the arrivals increased. The domestic port inventory changed from increasing to decreasing. The blast furnace operating rate and capacity utilization rate of steel mills increased, and the molten iron output remained above 2.4 million tons. Overall, the molten iron output remained at a high level, and there was an expectation of stockpiling before the National Day holiday, but the weak steel market also dragged down the iron ore price. Technically, the 1 - hour MACD indicator of the I2601 contract showed that DIFF and DEA were adjusting downward. It is recommended to conduct short - term trading and pay attention to rhythm and risk control [2]. 3. Summary According to Relevant Catalogs 3.1 Futures Market - The closing price of the I main contract was 802.50 yuan/ton, down 6.00 yuan; the position volume was 546,570 lots, down 15,454 lots. The 1 - 5 contract spread was 22.5 yuan/ton, unchanged. The net position of the top 20 in the I contract was - 30,146 lots, down 1,800 lots. The Dalian Commodity Exchange warehouse receipt was 2,000.00 lots, unchanged. The quote of the Singapore iron ore main contract at 15:00 was 105.95 US dollars/ton, down 0.70 US dollars [2]. 3.2现货市场 - The price of 61.5% PB fines at Qingdao Port was 868 yuan/dry ton, down 2 yuan; the price of 60.8% Mac fines was 859 yuan/dry ton, down 2 yuan. The price of 56.5% Super Special fines at Jingtang Port was 770 yuan/dry ton, down 3 yuan. The basis of the I main contract (Mac fines dry ton - main contract) was 56 yuan, up 4 yuan. The 62% Platts iron ore index (previous day) was 106.75 US dollars/ton, up 0.20 US dollars. The ratio of Jiangsu scrap steel to 60.8% Mac fines at Qingdao Port was 3.28, up 0.02. The estimated import cost was 872 yuan/ton, up 1 yuan. The global iron ore shipment volume (weekly) was 33.248 million tons, down 2.483 million tons; the arrival volume at 47 Chinese ports (weekly) was 27.504 million tons, up 3.581 million tons. The iron ore inventory at 47 ports (weekly) was 143.8168 million tons, down 0.7444 million tons; the iron ore inventory of sample steel mills (weekly) was 93.0943 million tons, up 3.1638 million tons [2]. 3.3 Industry Situation - The iron ore import volume (monthly) was 105.22 million tons, up 0.6 million tons. The available days of iron ore (weekly) were 24 days, up 5 days. The daily output of 266 mines (weekly) was 0.4081 million tons, up 0.0013 million tons. The operating rate of 266 mines (weekly) was 64.23%, up 0.30%. The iron concentrate inventory of 266 mines (weekly) was 0.3767 million tons, up 0.024 million tons. The BDI index was 2,172.00, down 31.00. The iron ore freight rate from Tubarao, Brazil to Qingdao was 24.85 US dollars/ton, up 0.07 US dollars; the iron ore freight rate from Western Australia to Qingdao was 10.775 US dollars/ton, down 0.16 US dollars [2]. 3.4 Downstream Situation - The blast furnace operating rate of 247 steel mills (weekly) was 84.00%, up 0.15%. The blast furnace capacity utilization rate of 247 steel mills (weekly) was 90.38%, up 0.18%. The domestic crude steel output (monthly) was 77.37 million tons, down 2.29 million tons [2]. 3.5 Option Market - The 20 - day historical volatility of the underlying (daily) was 17.04%, down 0.53%. The 40 - day historical volatility of the underlying (daily) was 16.93%, down 0.26%. The implied volatility of at - the - money call options (daily) was 20.91%, down 0.45%. The implied volatility of at - the - money put options (daily) was 21.61%, up 0.47% [2]. 3.6 Industry News - From September 15th to September 21st, 2025, the global iron ore shipment volume was 33.248 million tons, down 2.483 million tons. The total shipment volume from Australia and Brazil was 27.728 million tons, down 2.05 million tons. The Australian shipment volume was 19.188 million tons, down 1.658 million tons, and the volume shipped from Australia to China was 15.712 million tons, down 2.65 million tons. The Brazilian shipment volume was 8.54 million tons, down 0.392 million tons. The arrival volume at 47 Chinese ports was 27.504 million tons, up 3.581 million tons; the arrival volume at 45 Chinese ports was 26.75 million tons, up 3.127 million tons; the arrival volume at six northern ports was 12.9 million tons, up 0.45 million tons [2].
瑞达期货铁矿石产业链日报-20250911
Rui Da Qi Huo· 2025-09-11 09:26
铁矿石产业链日报 2025/9/11 数据来源第三方,观点仅供参考。市场有风险,投资需谨慎! 备注:I:铁矿石 研究员: 蔡跃辉 期货从业资格号F0251444 期货投资咨询从业证书号Z0013101 免责声明 本报告中的信息均来源于公开可获得资料,瑞达期货股份有限公司力求准确可靠,但对这些信息的准确性及完整性不做任何保证,据此投资,责任自负。本报告 不构成个人投资建议,客户应考虑本报告中的任何意见或建议是否符合其特定状况。本报告版权仅为我公司所有,未经书面许可,任何机构和个人不得以任何形 式翻版、复制和发布。如引用、刊发,需注明出处为瑞达期货股份有限公司研究院,且不得对本报告进行有悖原意的引用、删节和修改。 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | I 主力合约收盘价(元/吨) | 795.50 | -9.50↓ I 主力合约持仓量(手) | 538,976 | -5590↓ | | | I 1-5合约价差(元/吨) | 22 | -2.00↓ I 合约前20名净持仓(手) ...
瑞达期货铁矿石产业链日报-20250910
Rui Da Qi Huo· 2025-09-10 08:59
研究员: 蔡跃辉 期货从业资格号F0251444 期货投资咨询从业证书号Z0013101 免责声明 铁矿石产业链日报 2025/9/10 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | I 主力合约收盘价(元/吨) | 805.00 | 0.00 I 主力合约持仓量(手) | 544,566 | +3366↑ | | | I 1-5合约价差(元/吨) | 24 | 0.00 I 合约前20名净持仓(手) | -27105 | +1135↑ | | | I 大商所仓单(手) | 2,000.00 | +100.00↑ | | | | | 新加坡铁矿石主力合约截止15:00报价(美元/吨) | 106.95 | -0.40↓ | | | | 现货市场 | 青岛港61.5%PB粉矿 (元/干吨) | 865 | +11↑ 青岛港60.8%麦克粉矿 (元/干吨) | 850 | +11↑ | | | 京唐港56.5%超特粉矿 (元/干吨) | 752 | +11↑ I 主力合约基差 (麦克粉 ...
瑞达期货铁矿石产业链日报-20250903
Rui Da Qi Huo· 2025-09-03 09:37
Report Summary 1) Report Industry Investment Rating No information provided. 2) Core Viewpoint On Wednesday, the I2601 contract rose and then consolidated. Macroscopically, the market's attention has shifted to the US non - farm payrolls data on Friday. Weak employment data this week may reignite discussions about a 50 - basis - point interest rate cut. In terms of supply and demand, the shipments and arrivals of Australian and Brazilian iron ore both increased this period, while domestic port inventories declined. The blast furnace operating rate and molten iron production of steel mills decreased slightly, but the daily molten iron output remained above 2.4 million tons. Overall, the spot market is firm, traders' enthusiasm for shipping is fair, buyers' inquiry sentiment is average, and the game between long and short positions is intense. The short - term market may still fluctuate. Technically, the 1 - hour MACD indicator of the I2601 contract shows that DIFF and DEA rebounded from low levels to near the 0 axis. The operation suggestion is short - term trading, with attention to rhythm and risk control [2]. 3) Summary by Directory Futures Market - The closing price of the I main contract was 777.00 yuan/ton, up 5.50 yuan; the position volume was 465,930 lots, up 12,928 lots. - The price difference between the I 1 - 5 contracts was 22.5 yuan/ton, up 1.00 yuan; the net position of the top 20 in the I contract was - 15,259 lots, down 2,867 lots. - The warehouse receipts of the Dalian Commodity Exchange were 1,900.00 lots, unchanged. - The quotation of the Singapore iron ore main contract at 15:00 was 103.1 US dollars/ton, up 0.65 US dollars [2]. Spot Market - The price of 61.5% PB fines at Qingdao Port was 842 yuan/dry ton, up 5 yuan; the price of 60.8% Mac fines was 826 yuan/dry ton, up 5 yuan. - The price of 56.5% Super Special fines at Jingtang Port was 730 yuan/dry ton, up 4 yuan. The basis of the I main contract (Mac fines dry ton - main contract) was 49 yuan, unchanged. - The 62% Platts iron ore index (previous day) was 102.70 US dollars/ton, up 0.85 US dollars. The ratio of Jiangsu scrap steel to 60.8% Mac fines at Qingdao Port was 3.37, down 0.03. - The estimated import cost was 840 yuan/ton, up 7 yuan. - The global iron ore shipment volume (weekly) was 3,556.80 million tons, up 241.00 million tons; the arrival volume at 47 ports in China (weekly) was 2,645.00 million tons, up 182.70 million tons. - The iron ore inventory at 47 ports (weekly) was 14,388.02 million tons, down 56.18 million tons; the iron ore inventory of sample steel mills (weekly) was 9,007.19 million tons, down 58.28 million tons [2]. Industry Situation - The iron ore import volume (monthly) was 10,462.00 million tons, down 133.00 million tons. The available days of iron ore (weekly) were 18 days, unchanged. - The daily output of 266 mines (weekly) was 39.22 million tons, down 0.57 million tons; the operating rate of 266 mines (weekly) was 62.45%, down 0.51%. - The iron concentrate inventory of 266 mines (weekly) was 32.71 million tons, down 0.24 million tons. The BDI index was 1,986.00, down 38.00. - The freight rate of iron ore from Tubarao, Brazil to Qingdao was 24.47 US dollars/ton, down 0.11 US dollars; the freight rate from Western Australia to Qingdao was 10.2 US dollars/ton, down 0.01 US dollars [2]. Downstream Situation - The blast furnace operating rate of 247 steel mills (weekly) was 83.18%, down 0.16%; the blast furnace capacity utilization rate of 247 steel mills (weekly) was 90.00%, down 0.27%. - The domestic crude steel output (monthly) was 7,966 million tons, down 353 million tons [2]. Option Market - The 20 - day historical volatility of the underlying (daily) was 19.54%, up 0.15%; the 40 - day historical volatility of the underlying (daily) was 21.20%, up 0.03%. - The implied volatility of at - the - money call options (daily) was 18.49%, up 0.31%; the implied volatility of at - the - money put options (daily) was 19.50%, up 0.85% [2]. Industry News - From August 25th to August 31st, 2025, the arrival volume at 47 ports in China was 2,645.0 million tons, up 182.7 million tons; the arrival volume at 45 ports was 2,526.0 million tons, up 132.7 million tons; the arrival volume at the six northern ports was 1,300.8 million tons, up 147.8 million tons. - Mysteel statistics show that the total iron ore inventory at 47 imported ports in China was 14,376.11 million tons, down 12.57 million tons from last Monday; the total inventory at 45 ports was 13,776.51 million tons, down 22.17 million tons week - on - week [2].
瑞达期货铁矿石产业链日报-20250902
Rui Da Qi Huo· 2025-09-02 09:26
Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints of the Report - The trading商报盘积极性 is good, but the buyer's inquiry sentiment is average. The mainstream futures positions reduce short positions and increase long positions, supporting the rebound of ore prices. The short - term market may still fluctuate. It is recommended to conduct short - term trading and pay attention to rhythm and risk control [2] Group 3: Summary by Related Catalogs Futures Market - The closing price of the I main contract is 771.50 yuan/ton, up 5.50 yuan; the position volume is 453,002 hands, down 948 hands. The I 1 - 5 contract spread is 21.5 yuan/ton, down 1.50 yuan; the net position of the top 20 in the I contract is - 12,392 hands, up 8,847 hands. The DCE warrant of I is 1,900 hands, unchanged. The Singapore iron ore main contract is quoted at 102.4 US dollars/ton at 15:00, up 0.75 US dollars [2] Spot Market - The price of 61.5% PB powder ore at Qingdao Port is 834 yuan/dry ton, up 3 yuan; the price of 60.8% Macfayden powder ore is 817 yuan/dry ton, up 3 yuan. The price of 56.5% Super Special powder ore at Jingtang Port is 722 yuan/dry ton, up 4 yuan. The basis of the I main contract is 46 yuan, down 2 yuan. The 62% Platts iron ore index is 101.85 US dollars/ton (previous day), down 1.75 US dollars. The ratio of Jiangsu scrap steel to 60.8% Macfayden powder ore at Qingdao Port is 3.40, down 0.08. The estimated import cost is 833 yuan/ton, down 14 yuan [2] Industry Situation - The global iron ore shipping volume is 3,556.80 million tons (weekly), up 241.00 million tons; the arrival volume at 47 ports in China is 2,645.00 million tons (weekly), up 182.70 million tons. The iron ore inventory at 47 ports is 14,388.02 million tons (weekly), down 56.18 million tons; the iron ore inventory of sample steel mills is 9,007.19 million tons (weekly), down 58.28 million tons. The iron ore import volume is 10,462.00 million tons (monthly), down 133.00 million tons. The available days of iron ore are 18 days (weekly), unchanged. The daily output of 266 mines is 39.22 million tons (weekly), down 0.57 million tons; the operating rate of 266 mines is 62.45% (weekly), down 0.51%. The iron concentrate inventory of 266 mines is 32.71 million tons (weekly), down 0.24 million tons. The BDI index is 2,024.00, down 1.00. The freight rate of iron ore from Tubarao, Brazil to Qingdao is 24.58 US dollars/ton, up 0.07 US dollars; the freight rate from Western Australia to Qingdao is 10.21 US dollars/ton, up 0.10 US dollars [2] Downstream Situation - The blast furnace operating rate of 247 steel mills is 83.18% (weekly), down 0.16%; the blast furnace capacity utilization rate is 90.00% (weekly), down 0.27%. The domestic crude steel output is 7,966 million tons (monthly), down 353 million tons [2] Option Market - The 20 - day historical volatility of the underlying is 19.39% (daily), down 0.18%; the 40 - day historical volatility is 21.17% (daily), up 0.05%. The implied volatility of at - the - money call options is 18.18% (daily), down 0.73%; the implied volatility of at - the - money put options is 18.65% (daily), up 0.22% [2] Industry News - The total inventory of imported iron ore at 47 ports in China is 14,376.11 million tons, down 12.57 million tons from last Monday; the total inventory at 45 ports is 13,776.51 million tons, down 22.17 million tons. From August 25th to August 31st, 2025, the arrival volume at 47 ports in China is 2,645.0 million tons, an increase of 182.7 million tons; the arrival volume at 45 ports is 2,526.0 million tons, an increase of 132.7 million tons; the arrival volume at six northern ports is 1,300.8 million tons, an increase of 147.8 million tons [2]
瑞达期货铁矿石产业链日报-20250901
Rui Da Qi Huo· 2025-09-01 09:24
Report Summary 1. Report Industry Investment Rating - No industry investment rating is provided in the report [1][2][3] 2. Core View - On Monday, the I2601 contract decreased with reduced positions. The US Court of Appeals ruled that most of the global tariff policies implemented by former President Trump were illegal, exceeding his authority. In terms of supply and demand, the shipments and arrivals of iron ore from Australia and Brazil both increased this period, while domestic port inventories declined. The blast furnace operating rate and molten iron output of steel mills decreased slightly, but the daily average molten iron output remained above 2.4 million tons. Overall, the increase in iron ore supply and the decline in steel prices put pressure on iron ore prices. Technically, the 1 - hour MACD indicator of the I2601 contract shows that DIFF and DEA are moving downward. The operation strategy is to be bearish on the oscillation, paying attention to rhythm and risk control [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the I main contract was 766.00 yuan/ton, a decrease of 21.50 yuan; the position volume was 453,950 lots, a decrease of 19,658 lots. The spread between the I 1 - 5 contracts was 23 yuan/ton, a decrease of 1.00 yuan; the net position of the top 20 in the I contract was - 21,239 lots, an increase of 632 lots. The warehouse receipts of the Dalian Commodity Exchange were 1,900.00 lots, unchanged. The quoted price of the Singapore iron ore main contract as of 15:00 was 101.7 US dollars/ton, a decrease of 1.77 US dollars [2] 3.2 Spot Market - The price of 61.5% PB fines at Qingdao Port was 827 yuan/dry ton, a decrease of 18 yuan; the price of 60.8% Mac fines at Qingdao Port was 813 yuan/dry ton, a decrease of 21 yuan. The price of 56.5% Super Special fines at Jingtang Port was 707 yuan/dry ton, a decrease of 16 yuan. The basis of the I main contract (Mac fines dry ton - main contract) was 47 yuan, an increase of 1 yuan. The 62% Platts iron ore index (previous day) was 103.60 US dollars/ton, a decrease of 0.30 US dollars. The ratio of Jiangsu scrap steel to 60.8% Mac fines at Qingdao Port was 3.48, an increase of 0.08. The estimated import cost was 847 yuan/ton, a decrease of 2 yuan [2] 3.3 Industry Situation - The global iron ore shipment volume (weekly) was 3,556.80 million tons, an increase of 241.00 million tons; the arrival volume at 47 ports in China (weekly) was 2,645.00 million tons, an increase of 182.70 million tons. The iron ore inventory at 47 ports (weekly) was 14,388.02 million tons, a decrease of 56.18 million tons; the iron ore inventory of sample steel mills (weekly) was 9,007.19 million tons, a decrease of 58.28 million tons. The iron ore import volume (monthly) was 10,462.00 million tons, a decrease of 133.00 million tons. The available days of iron ore (weekly) were 18.00 days, unchanged. The daily output of 266 mines (weekly) was 39.22 million tons, a decrease of 0.57 million tons; the operating rate of 266 mines (weekly) was 62.45%, a decrease of 0.51%. The iron concentrate inventory of 266 mines (weekly) was 32.71 million tons, a decrease of 0.24 million tons. The BDI index was 2,025.00, an increase of 8.00. The iron ore freight rate from Tubarao, Brazil to Qingdao was 24.51 US dollars/ton, an increase of 0.15 US dollars; the iron ore freight rate from Western Australia to Qingdao was 10.11 US dollars/ton, a decrease of 0.05 US dollars [2] 3.4 Downstream Situation - The blast furnace operating rate of 247 steel mills (weekly) was 83.18%, a decrease of 0.16%; the blast furnace capacity utilization rate of 247 steel mills (weekly) was 90.00%, a decrease of 0.27%. The domestic crude steel output (monthly) was 7,966 million tons, a decrease of 353 million tons [2] 3.5 Option Market - The 20 - day historical volatility of the underlying (daily) was 19.57%, an increase of 2.30%; the 40 - day historical volatility of the underlying (daily) was 21.12%, an increase of 1.29%. The implied volatility of at - the - money call options (daily) was 18.91%, an increase of 0.84%; the implied volatility of at - the - money put options (daily) was 18.43%, a decrease of 0.21% [2] 3.6 Industry News - From August 25th to August 31st, 2025, the global iron ore shipment volume was 3,556.8 million tons, a week - on - week increase of 241.0 million tons. The total shipment volume of iron ore from Australia and Brazil was 2,902.1 million tons, a week - on - week increase of 141.7 million tons. The shipment volume from Australia was 1,894.6 million tons, a week - on - week decrease of 50.2 million tons, and the volume shipped from Australia to China was 1,529.8 million tons, a week - on - week decrease of 187.4 million tons. The shipment volume from Brazil was 1,007.5 million tons, a week - on - week increase of 191.9 million tons. From August 25th to August 31st, 2025, the arrival volume at 47 ports in China was 2,645.0 million tons, a week - on - week increase of 182.7 million tons; the arrival volume at 45 ports in China was 2,526.0 million tons, a week - on - week increase of 132.7 million tons; the arrival volume at six northern ports was 1,300.8 million tons, a week - on - week increase of 147.8 million tons [2]
瑞达期货铁矿石产业链日报-20250821
Rui Da Qi Huo· 2025-08-21 09:02
1. Report Industry Investment Rating - No relevant content provided 2. Core View of the Report - On Thursday, the I2601 contract rose and then pulled back. Macroscopically, US Treasury Secretary Bezant said on the 19th local time that the US and China had a "very good dialogue" on economic and trade issues. In terms of supply and demand, the shipment and arrival volumes of Australian and Brazilian iron ore increased this period, and domestic port inventories continued to rise. The blast furnace operating rate of steel mills remained high, and pig iron production increased slightly, with the daily average output remaining above 2.4 million tons. Overall, the firm spot prices support the futures price, but the terminal demand is for on - demand procurement, which restricts the upward space. Technically, the 1 - hour MACD indicator of the I2601 contract shows that DIFF and DEA rebounded from low levels. Operationally, short - term trading is recommended, paying attention to rhythm and risk control [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the I main contract was 772.50 yuan/ton, up 3.50 yuan; the position volume was 451,574 lots, up 11,185 lots. The spread between the I 9 - 1 contracts was 18.5 yuan/ton, up 1.50 yuan. The net position of the top 20 in the I contract was 8,234 lots, up 1,736 lots. The number of warehouse receipts on the Dalian Commodity Exchange was 2,000 lots, unchanged. The quote of the Singapore iron ore main contract at 15:00 was 101.2 US dollars/ton, up 0.45 US dollars [2] 3.2 Spot Market - The price of 61.5% PB fines at Qingdao Port was 837 yuan/dry ton, up 5 yuan; the price of 60.8% Mac fines was 823 yuan/dry ton, up 5 yuan. The price of 56.5% Super Special fines at Jingtang Port was 703 yuan/dry ton, up 2 yuan. The basis of the I main contract (Mac fines dry ton - main contract) was 50 yuan, up 2 yuan. The 62% Platts iron ore index (previous day) was 100.60 US dollars/ton, down 0.15 US dollars. The ratio of Jiangsu scrap steel to Qingdao Port 60.8% Mac fines was 3.42, unchanged. The estimated import cost was 825 yuan/ton, down 2 yuan [2] 3.3 Industry Situation - The global iron ore shipment volume (weekly) was 3,406.60 million tons, up 359.90 million tons. The arrival volume at 47 ports in China (weekly) was 2,703.10 million tons, up 131.50 million tons. The iron ore inventory at 47 ports (weekly) was 14,381.57 million tons, up 114.30 million tons. The iron ore inventory of sample steel mills (weekly) was 9,136.40 million tons, up 123.06 million tons. The iron ore import volume (monthly) was 10,462.00 million tons, down 133.00 million tons. The available days of iron ore (weekly) were 23 days, up 5 days. The daily output of 266 mines (weekly) was 41.18 million tons, up 2.34 million tons. The operating rate of 266 mines (weekly) was 64.98%, up 3.02 percentage points. The iron concentrate inventory of 266 mines (weekly) was 34.60 million tons, down 2.00 million tons. The BDI index was 1,927.00, down 37.00. The freight rate of iron ore from Tubarao, Brazil to Qingdao was 23.73 US dollars/ton, down 0.53 US dollars; the freight rate from Western Australia to Qingdao was 9.18 US dollars/ton, down 0.35 US dollars [2] 3.4 Downstream Situation - The blast furnace operating rate of 247 steel mills (weekly) was 83.57%, down 0.20 percentage points. The blast furnace capacity utilization rate of 247 steel mills (weekly) was 90.24%, up 0.17 percentage points. The domestic crude steel output (monthly) was 7,966 million tons, down 353 million tons [2] 3.5 Option Market - The 20 - day historical volatility of the underlying (daily) was 17.18%, up 0.17 percentage points. The 40 - day historical volatility of the underlying (daily) was 19.51%, up 0.01 percentage points. The implied volatility of at - the - money call options (daily) was 16.76%, down 1.75 percentage points. The implied volatility of at - the - money put options (daily) was 18.19%, down 1.24 percentage points [2] 3.6 Industry News - From August 11th to August 17th, 2025, the arrival volume at 47 ports in China was 2,703.1 million tons, up 131.5 million tons; the arrival volume at 45 ports was 2,476.6 million tons, up 94.7 million tons; the arrival volume at six northern ports was 1,252.5 million tons, up 49.5 million tons [2] 3.7 Key Points of Attention - Pay attention to the domestic iron ore port inventory, blast furnace operating rate and capacity utilization rate of steel mills on Friday [2]
瑞达期货铁矿石产业链日报-20250819
Rui Da Qi Huo· 2025-08-19 08:58
Report Summary 1. Investment Rating No investment rating for the industry is provided in the report. 2. Core View On Tuesday, the I2601 contract showed weak consolidation. Tariff disturbances affected market sentiment, causing the black - series to decline. Technically, the 1 - hour MACD indicator of the I2601 contract shows that DIFF and DEA are running below the 0 - axis. The recommended operation is to short on rebounds, paying attention to rhythm and risk control [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the I main contract is 771.00 yuan/ton, down 1.00 yuan; the position volume is 449,577 hands, up 674 hands [2]. - The I 9 - 1 contract spread is 18 yuan/ton, unchanged; the net position of the top 20 in the I contract is 4,627 hands, up 393 hands [2]. - The DCE warehouse receipt of I is 2,500.00 hands, down 100.00 hands [2]. - The quotation of the Singapore iron ore main contract at 15:00 is 101.1 dollars/ton, down 0.33 dollars [2]. 3.2 Spot Market - The price of 61.5% PB powder ore at Qingdao Port is 833 yuan/dry ton, down 3 yuan; the price of 60.8% Mac fine ore is 823 yuan/dry ton, down 3 yuan [2]. - The price of 56.5% Super Special fine ore at Jingtang Port is 696 yuan/dry ton, down 5 yuan; the basis of the I main contract (Mac fine dry ton - main contract) is 52 yuan, down 2 yuan [2]. - The 62% Platts iron ore index (previous day) is 101.05 dollars/ton, down 0.75 dollars; the ratio of Jiangsu scrap steel to 60.8% Mac fine ore at Qingdao Port is 3.40, up 0.06 [2]. - The estimated import cost is 830 yuan/ton, down 6 yuan [2]. 3.3 Industry Situation - The global iron ore shipping volume (weekly) is 3,406.60 million tons, up 359.90 million tons; the arrival volume at 47 ports in China (weekly) is 2,703.10 million tons, up 131.50 million tons [2]. - The iron ore inventory at 47 ports (weekly) is 14,381.57 million tons, up 114.30 million tons; the iron ore inventory of sample steel mills (weekly) is 9,136.40 million tons, up 123.06 million tons [2]. - The iron ore import volume (monthly) is 10,462.00 million tons, down 133.00 million tons; the available days of iron ore (weekly) is 23.00 days, up 5 days [2]. - The daily output of 266 mines (weekly) is 41.18 million tons, up 2.34 million tons; the operating rate of 266 mines (weekly) is 64.98%, up 3.02% [2]. - The iron concentrate inventory of 266 mines (weekly) is 34.60 million tons, down 2.00 million tons; the BDI index is 2,022.00, down 22.00 [2]. - The iron ore freight rate from Tubarao, Brazil to Qingdao is 24.53 dollars/ton, down 0.33 dollars; the freight rate from Western Australia to Qingdao is 9.78 dollars/ton, down 0.26 dollars [2]. 3.4 Downstream Situation - The blast furnace operating rate of 247 steel mills (weekly) is 83.57%, down 0.20%; the blast furnace capacity utilization rate of 247 steel mills (weekly) is 90.24%, up 0.17% [2]. - The domestic crude steel output (monthly) is 7,966 million tons, down 353 million tons [2]. 3.5 Option Market - The 20 - day historical volatility of the underlying (daily) is 17.46%, down 1.33%; the 40 - day historical volatility of the underlying (daily) is 19.48%, down 0.05% [2]. - The implied volatility of at - the - money call options (daily) is 18.70%, down 0.16%; the implied volatility of at - the - money put options (daily) is 19.59%, up 0.78% [2]. 3.6 Industry News - From August 11th to August 17th, 2025, the global iron ore shipping volume was 3406.6 million tons, a week - on - week increase of 359.9 million tons. The shipping volume from Australia and Brazil was 2756.0 million tons, a week - on - week increase of 225.7 million tons [2]. - From August 11th to August 17th, 2025, the arrival volume at 47 ports in China was 2703.1 million tons, a week - on - week increase of 131.5 million tons; the arrival volume at 45 ports was 2476.6 million tons, a week - on - week increase of 94.7 million tons; the arrival volume at the six northern ports was 1252.5 million tons, a week - on - week increase of 49.5 million tons [2].