| 钢材产业期现日报 | 投资咨询业务资格:证监许可 [2011] 1292号 | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 問敏波 | Z0010559 | 2025年8月26日 | | | | | | | | | | | 钢材价格及价差 | 品种 | 前值 | 某差 | 现值 | 狱跌 | 单位 | | | | | | | 螺纹钢现货(华东) | 3280 | 30 | 86 | 3310 | 螺纹钢现货(华北) | 3270 | 3280 | 56 | 10 | | | | 螺纹钢现货(华南) | 3420 | 3390 | 30 | 196 | 螺纹钢05合约 | 3261 | 3230 | Ad | 31 | | | | 螺纹钢10合约 | 3138 | 3119 | 10 | 172 | 螺纹钢01合约 | 3224 | 3195 | 29 | 86 | | | | 元/吨 | 热卷现货(华东) | ਟੇਤੋ | 3430 | 3400 | 30 | ...

力拓首席财务官：预计铁矿石价格在每吨90美元附近有很多支撑。 ...

本文由 AI 算法生成，仅作参考，不涉投资建议，使用风险自担 【本周铁矿石价格震荡上行，短期反弹长期供需偏宽松】本周铁矿石价格震荡上行，截至周五收盘，铁 矿石期货主力合约收于785元/吨，较上周上涨21元/吨。Mysteel 62%澳粉远期价格指数为99.75美元/吨， 周环比涨1.25美元/吨；青岛港PB粉价格767元/吨，周环比涨15元/吨。 供应方面，Mysteel统计显示，本 期全球铁矿石发运2987万吨，周环比减少8万吨，澳洲和非主流发运环比回落，巴西发运环比回升。本 期45港铁矿石到港量2662.1万吨，周环比增加178.2万吨。 需求方面，Mysteel调研247家钢厂，高炉开工 率83.46%，周环比增加0.31%，年同比增加0.83%；高炉炼铁产能利用率90.89%，周环比增加0.99%，年 同比增加1.27%；钢厂盈利率60.17%，周环比增加0.43%，年同比增加28.14%；日均铁水产量242.44万 吨，周环比增加2.63万吨，年同比增加2.79万吨。 库存方面，全国45港铁矿石库存总量13785.21万吨， 环比增加19.32万吨；45港日均疏港量322.74万吨，环比增加3.23 ...

Report Industry Investment Ratings No relevant content provided. Core Views Steel Industry - Current steel prices are affected by the rebound of coking coal. Steel mills are reducing production, hot-rolled coil inventory is increasing, and apparent demand is declining. Overall demand is expected to remain weak due to off - season demand and tariff - affected exports. Steel prices may fluctuate at low levels. It is recommended to look for opportunities to short on rebounds, with attention to short - selling opportunities around 3000 for the October contract of rebar and 3150 for the October contract of hot - rolled coil [1]. Iron Ore Industry - This week, global iron ore shipments increased significantly, demand remained relatively stable, and the inventory continued to decline but at a slower pace. In the future, terminal demand for finished products may weaken, but iron ore demand is expected to remain resilient. Iron ore supply pressure will increase. It is expected that iron ore prices will fluctuate in the range of 700 - 745 [3]. Coking Coal and Coke Industry - Coking coal futures showed a volatile and slightly stronger trend last week, with a divergence between futures and spot prices. The spot market of coking coal was weak, and the market was still in a state of oversupply. Coke futures also showed a volatile and slightly stronger trend, and the third round of price cuts for coke was implemented on June 6. The supply - demand pattern of coke was still loose in the short term. It is recommended to wait and see for the 2509 contracts of both coking coal and coke and short after the rebound [5]. Ferrosilicon and Ferromanganese Industry - For ferrosilicon, supply increased this week, mainly due to the resumption of production in Ningxia and Shaanxi. Demand remained relatively stable, and the supply - demand contradiction began to emerge as supply increased. For ferromanganese, supply increased slightly this week, and supply pressure reappeared under weak demand. It is recommended to wait and see for both, with attention to the price changes of coal [7]. Summary by Directory Steel Industry Steel Prices and Spreads - Rebar and hot - rolled coil prices in different regions and contracts all showed small increases. For example, the spot price of rebar in East China rose from 3100 to 3120 yuan/ton, and the 05 contract price of rebar rose from 2952 to 2975 yuan/ton [1]. Cost and Profit - Steel billet prices decreased by 20 yuan/ton to 2880 yuan/ton, while slab prices remained unchanged at 3730 yuan/ton. Profits of hot - rolled coil in different regions increased, and profits of rebar also showed different degrees of increase [1]. Production and Inventory - The daily average pig iron output decreased slightly by 0.1 to 241.8, a decrease of 0.0%. The output of five major steel products decreased by 0.5 to 880.4, a decrease of 0.1%. Rebar production decreased by 7.0 to 218.5, a decrease of 3.1%; hot - rolled coil production increased by 9.2 to 328.8, an increase of 2.9%. The inventory of five major steel products decreased slightly, rebar inventory decreased, and hot - rolled coil inventory increased [1]. Transaction and Demand - The building materials trading volume increased by 0.5 to 10.4, an increase of 4.9%. The apparent demand for five major steel products decreased by 31.6 to 882.2, a decrease of 3.5%. The apparent demand for rebar decreased by 19.7 to 229.0, a decrease of 7.9% [1]. Iron Ore Industry Price and Spread - The basis of different iron ore varieties for the 09 contract decreased significantly. For example, the basis of PB powder for the 09 contract decreased from 122.4 to 63.6, a decrease of 48.0%. The 5 - 9 spread decreased slightly, and the 1 - 5 spread increased slightly [3]. Supply and Demand - The weekly arrival volume at 45 ports increased by 385.2 to 2536.5, an increase of 17.9%. The monthly national import volume increased by 917.5 to 10313.8, an increase of 9.8%. The weekly average pig iron output of 247 steel mills decreased slightly by 0.1 to 241.8, a decrease of 0.0%. The monthly national pig iron output decreased by 271.1 to 7258.3, a decrease of 3.6% [3]. Inventory - The 45 - port inventory decreased by 39.9 to 13826.69, a decrease of 0.3%. The inventory of imported ore in 247 steel mills decreased by 64.1 to 8690.2, a decrease of 0.7% [3]. Coking Coal and Coke Industry Price and Spread - For coking coal, the price of the 09 contract rose by 22 to 779, an increase of 2.8%, and the price of the 01 contract rose by 20 to 793, an increase of 2.5%. For coke, the price of the 09 contract rose by 15 to 1357, an increase of 0.6%, and the price of the 01 contract rose by 10 to 1368, an increase of 0.7% [5]. Supply and Demand - The weekly output of coke decreased slightly, and the daily average output of all - sample coking plants decreased by 0.3 to 66.5, a decrease of 0.4%. The daily average pig iron output of 247 steel mills decreased slightly by 0.1 to 241.8, a decrease of 0.0% [5]. Inventory - The inventory of coke in all - sample coking plants increased by 15.6 to 127.0, an increase of 14.04%, and the inventory of coke in 247 steel mills decreased by 9.1 to 645.8, a decrease of 1.4% [5]. Ferrosilicon and Ferromanganese Industry Price and Spread - The closing price of the ferrosilicon main contract decreased by 92 to 5104, a decrease of 1.8%, and the closing price of the ferromanganese main contract increased by 56 to 5538, an increase of 1.0% [7]. Cost and Profit - The production cost of ferrosilicon in Inner Mongolia remained unchanged at 5631.0. The production profit of ferrosilicon in Inner Mongolia decreased by 50 to - 329.0, a decrease of 17.9% [7]. Supply and Demand - The weekly output of ferrosilicon increased by 1.2 to 9.7, an increase of 14.6%. The weekly output of ferromanganese increased slightly. The demand for ferrosilicon and ferromanganese remained relatively stable [7]. Inventory - The inventory of 60 sample ferrosilicon enterprises decreased by 0.7 to 68.7, a decrease of 9.8%, and the inventory of 63 sample ferromanganese enterprises increased slightly by 0.1 to 18.7, an increase of 0.34% [7].

Price Trends - Import iron ore prices have decreased compared to the previous week, with 62% grade iron ore priced at $98.95 per ton, down 2.13% from May 16 [1] - Domestic iron ore prices have shown a slight increase, with 66% grade iron concentrate priced at 933 yuan per ton, up 0.97% from May 16 [1] - The average price for 62% grade iron ore from May 19 to May 23 was $99.85 per ton [1] Supply and Demand - Iron ore arrivals at Chinese ports increased slightly, with a total of 23.44 million tons arriving from May 12 to May 18, up 637,000 tons week-on-week [3] - The total iron ore shipment globally was 33.48 million tons, an increase of 3.19 million tons week-on-week [3] - The average daily steel inventory in China decreased to 9.60 million tons, down 331,000 tons week-on-week [4] Inventory Levels - As of May 23, the total inventory of imported iron ore at 45 ports in China was 139.88 million tons, a decrease of 1.78 million tons [4] - The average daily throughput of iron ore was 3.27 million tons [4] - Australian iron ore inventory decreased to 59.93 million tons, down 974,000 tons [4] Shipping Costs - The shipping cost from Hedland, Australia to Qingdao, China was $8.53 per ton, an increase of $0.16 [4] - The shipping cost from Brazil to China was $18.93 per ton, up $0.12 [4] Production Data - In mid-May, key steel enterprises produced 21.99 million tons of steel, with an average daily production of 2.20 million tons, a decrease of 0.3% week-on-week [5] - The average daily production of pig iron was 2.39 million tons, down 0.4% week-on-week [5] - The average daily production of steel products increased by 1.0% week-on-week to 4.16 million tons [5]