Report Industry Investment Rating No relevant content provided. Core Viewpoints - The steel market has a neutral fundamental situation with a range - bound trend. Supply - side blast furnace profits are stable, electric furnace profits are weakening, and short - term production may continue to increase. Demand for both rebar and hot - rolled coils is seasonally weakening, and inventory will continue to accumulate [3]. - The iron ore market is in a situation of weak supply and demand in the short term, with seasonal inventory accumulation. However, due to the support from the steel market and the expected restocking by steel mills, the downside price space is limited [23]. - The coking coal market shows a pattern of "strong spot, weak futures", and the basis is at a high level. Short - term spot prices may face回调 pressure, and medium - to - long - term prices may face significant downward pressure under certain conditions [33]. - The ferroalloy market is in a range - bound pattern between the cost line and the previous pressure level. The fundamentals of ferrosilicon are slightly better than those of silicomanganese [50]. - The soda ash market has an increasing excess supply expectation with new capacity coming on - stream. Although exports are high, the high inventory of the upstream and mid - stream restricts the price [64]. - The glass market is in a situation of weak supply and demand, and it is difficult to have a trend - based movement. The high inventory of the mid - stream needs to be digested, and the spot market is under pressure [87]. Summary by Related Catalogs Steel - **Price Data**: - Rebar: On January 28, 2026, the closing prices of rebar 01, 05, and 10 contracts were 3200, 3123, and 3169 yuan/ton respectively [4]. - Hot - rolled coil: On January 28, 2026, the closing prices of hot - rolled coil 01, 05, and 10 contracts were 3326, 3280, and 3301 yuan/ton respectively [4]. - Spot prices: On January 28, 2026, the rebar summary price in China was 3313 yuan/ton, and the hot - rolled coil summary price in Shanghai was 3280 yuan/ton [9][12]. - **Spread Data**: - Rebar spreads: On January 28, 2026, the 01 - 05, 05 - 10, and 10 - 01 spreads were 77, - 46, and - 31 respectively [4]. - Hot - rolled coil spreads: On January 28, 2026, the 01 - 05, 05 - 10, and 10 - 01 spreads were 46, - 21, and - 25 respectively [4]. - Other spreads: The roll - rebar spread, basis, and other spreads also have corresponding values and changes [9][12][17]. Iron Ore - **Price Data**: - Futures prices: On January 28, 2026, the closing prices of 01, 05, and 09 contracts were 752.5, 783, and 764.5 yuan/ton respectively [24]. - Spot prices: On January 28, 2026, the price of Rizhao PB powder was 793 yuan/ton [24]. - **Fundamental Data**: - On January 23, 2026, the daily average pig iron output was 228.1 thousand tons, the 45 - port desilting volume was 310.73 thousand tons, and the 45 - port inventory was 16766.53 thousand tons [28]. Coking Coal and Coke - **Price and Spread Data**: - Coking coal spreads: On January 28, 2026, the 09 - 01, 05 - 09, and 01 - 05 spreads were - 178, - 80, and 258 respectively [36]. - Coke spreads: On January 28, 2026, the 09 - 01, 05 - 09, and 01 - 05 spreads were - 91.5, - 71, and 162.5 respectively [36]. - Other data: The basis, coking profit, and other indicators also have corresponding values and changes [36]. - **Spot Prices**: - On January 28, 2026, the ex - factory price of Anze low - sulfur coking coal was 1640 yuan/ton, and the ex - factory price of Jinzhong quasi - first - grade wet coke was 1280 yuan/ton [39]. Ferroalloy - **Ferrosilicon Data**: - On January 28, 2026, the basis in Ningxia was - 32 yuan/ton, and the spot price in Ningxia was 5350 yuan/ton [51]. - **Silicomanganese Data**: - On January 28, 2026, the basis in Inner Mongolia was 188 yuan/ton, and the spot price in Ningxia was 5570 yuan/ton [52]. Soda Ash - **Price and Spread Data**: - On January 28, 2026, the closing prices of 05, 09, and 01 contracts were 1198, 1259, and 1295 yuan/ton respectively [65]. - The 5 - 9, 9 - 1, and 1 - 5 spreads were - 61, - 36, and 97 respectively [65]. - **Spot Prices**: - On January 28, 2026, the heavy - soda market price in North China was 1250 yuan/ton [65]. Glass - **Price and Spread Data**: - On January 28, 2026, the closing prices of 05, 09, and 01 contracts were 1067, 1173, and 1227 yuan/ton respectively [88]. - The 5 - 9, 9 - 1, and 1 - 5 spreads were - 106, - 54, and 160 respectively [88]. - **Sales and Production Data**: - On January 27, 2026, the sales - to - production ratio in Shahe was 122%, and in Hubei was 138% [89].

Report Industry Investment Rating No relevant content provided. Core Viewpoints - The market sentiment has weakened, and prices are fluctuating downward. Glass and soda ash continue to fluctuate due to insufficient downstream demand, while ferrosilicon and silicomanganese are also in a state of oscillatory operation with no prominent supply - demand contradictions [1][3] - The strategies for glass and silicomanganese are to expect an oscillatory trend, and for soda ash, it is an oscillatory and weakening trend, while for silicon - iron, it is also an oscillatory trend [2][4] Summary by Related Catalogs Glass and Soda Ash - **Market Analysis**: The glass 2605 contract showed a narrow - range fluctuation yesterday, and some manufacturers slightly raised prices with a fair trading atmosphere. The soda ash 2605 contract mainly oscillated, and downstream buyers were mainly on the sidelines [1] - **Supply - Demand and Logic**: Glass fundamentals are still weak. With the Spring Festival approaching, production line cold - repairs continue, and there are still expectations of production suspension. Recently, shipments have improved, and inventory pressure on the supply side has eased. Downstream enterprises mainly make rigid - demand purchases, and attention should be paid to inventory accumulation during the holiday. For soda ash, 1719 warehouse receipts were recorded yesterday. As the delivery month approaches, a sharp increase in single - day warehouse receipts suppresses prices. The latest data shows an increase in inventory, weak demand, and deepening supply - demand contradictions. Considering the warehouse - receipt game in the delivery month, soda ash prices are expected to maintain an oscillatory operation [1] - **Strategy**: Glass is expected to oscillate, and soda ash is expected to oscillate weakly [2] Silicomanganese and Ferrosilicon - **Market Analysis**: Yesterday, the silicomanganese main contract showed a weakening trend during the day with a large increase in positions. The alloy cost has fair support, with the 6517 northern market price ranging from 5570 - 5680 yuan/ton and the southern market price from 5700 - 5750 yuan/ton. An eastern steel mill set the silicomanganese tender price at 5830 yuan/ton today, with a tender quantity of 4000 tons. The ferrosilicon futures continued to oscillate weakly yesterday, the ferrosilicon market had a slight adjustment, and the market sentiment was rather flat. The ex - factory price of 72 - grade ferrosilicon natural lumps in the main production areas is 5250 - 5350 yuan/ton, and the price of 75 - grade ferrosilicon is 5750 - 5950 yuan/ton [3] - **Supply - Demand and Logic**: The fundamentals of silicomanganese have improved, but the inventory pressure is still large, and there are new production capacities being put into operation, so the supply - demand situation remains relatively loose. There is an expectation of an increase in pig iron production in the future, and combined with the expectation of steel mills' pre - Spring Festival stockpiling, the demand for silicomanganese is expected to improve. The recent South African tariff policy has caused disturbances, and it may increase the manganese ore cost in the future. Attention should be paid to the cost support of manganese ore and production changes. For ferrosilicon, the fundamental contradictions are controllable, and enterprises have actively reduced production loads. Considering the resumption of steel mills' production and winter stockpiling, the demand for ferrosilicon is expected to improve. The differential electricity price policy implemented in Shaanxi in the second half of the year has affected market sentiment, but considering that the domestic electricity price is expected to decline further next year and the overall ferrosilicon production capacity is in surplus, the price increase is restricted. Attention should be paid to the subsequent inventory reduction of ferrosilicon and the electricity price policy in production areas [3] - **Strategy**: Both silicomanganese and ferrosilicon are expected to oscillate [4]

Report Industry Investment Ratings - No investment ratings provided in the reports Core Views of the Reports Steel Industry - Steel prices are weakly stable. The night - session prices of rebar and hot - rolled coil closed at 3123 yuan and 3287 yuan respectively. The spot price difference between hot - rolled coil and rebar remains at 200 yuan. Due to raw material prices being weaker than steel prices, the profitability of steel mills has increased. Production is stable at a low level, inventory is accumulating, and apparent demand is decreasing. The supply - demand of the industry is weak. The seasonal decline in rebar demand is obvious, the supply - demand gap of rebar is widening, and inventory is accumulating significantly. The demand for hot - rolled coil has not declined much, and the inventory is still being depleted. It is expected that steel prices will fluctuate within a range. The 5 - month contract of rebar is expected to fluctuate between 3100 - 3200 yuan, and hot - rolled coil is expected to fluctuate between 3250 - 3350 yuan. The long - position on the spread between hot - rolled coil and rebar can be continued to hold [1] Iron Ore Industry - The main iron ore contract oscillated weakly yesterday. The ore price is still under pressure. Although Vale's production suspension event has limited impact on supply, the supply side has a slightly increasing global shipment volume, with a marginal decline in the shipment center but still at a relatively high level compared to historical periods. The demand side is expected to keep the molten iron production stable, and the seasonal decline in the port clearance volume indicates that the resumption of molten iron production before the festival is restricted. Steel exports have weakened significantly. Port inventory continues to accumulate but at a slower pace, and steel mill inventory growth has also slowed down. Iron ore is facing a pattern of weak supply and demand, and the price is under pressure. It can be short - sold around 800 yuan. Be vigilant against macro - level fluctuations [3] Coke and Coking Coal Industry - Coke futures showed a weakly declining trend yesterday. The fourth round of price cuts for coke has landed and stabilized. The supply side has slightly reduced production due to pressure on coking profits. The demand side has seen a slight recovery in molten iron production after the New Year's Day. The inventory in ports and steel mills has increased, while that in coking plants has decreased. The overall inventory has increased slightly. The mainstream coking enterprises have initiated a price increase, but it has not been implemented, and the post - festival market is expected to be loose. It should be regarded as oscillating and bearish, with the range of 1600 - 1750 yuan. The arbitrage strategy is to go long on coking coal and short on coke. Coking coal futures also showed a weakly declining trend. The supply side has seen an increase in daily production and better shipments but insufficient inventory reduction. The demand side has limited downstream replenishment demand before the Spring Festival. The inventory in mines, coking enterprises, and steel mills has increased, while that in coal - washing plants, ports, and border ports has decreased. The overall inventory has increased slightly. It should be regarded as oscillating and bearish, with the range of 1000 - 1150 yuan. The arbitrage strategy is also to go long on coking coal and short on coke [5] Ferrosilicon and Ferromanganese Industry - The main ferrosilicon contract oscillated weakly yesterday, with a continuous decline in open interest. The supply is stable at a low level, and most regions' production is flat compared to last week. The steel - making demand is expected to keep molten iron production stable before the festival, and the non - steel demand has weakened. The cost in Inner Mongolia may increase due to the expected electricity price adjustment. The overall situation is relatively healthy, and the price is expected to oscillate widely in the range of 5500 - 5900 yuan. The main ferromanganese contract also oscillated weakly, with a gradual increase in open interest. The supply has decreased, and the production is at a historically low level. The demand is also weak, and the high inventory still suppresses the price. The price is expected to oscillate widely in the range of 5800 - 6000 yuan [6] Summary of Relevant Catalogs Steel Industry Steel Prices and Spreads - Rebar and hot - rolled coil spot and futures prices have generally declined. For example, the spot price of rebar in East China decreased from 3280 yuan to 3260 yuan, and the 05 - contract price of hot - rolled coil decreased by 16 yuan [1] Cost and Profit - The price of steel billet decreased by 20 yuan to 2930 yuan, and the profit of hot - rolled coil in East China decreased by 10 yuan to 27 yuan [1] Production - The daily average molten iron production was 228.1 tons, almost unchanged. The production of rebar increased by 9.3 tons to 199.6 tons, with a 4.9% increase, and the production of hot - rolled coil decreased by 2.9 tons to 305.4 tons, with a 1.0% decrease [1] Inventory - The inventory of five major steel products increased by 10.1 tons to 1257.1 tons, with a 0.8% increase. The rebar inventory increased by 14.0 tons to 452.1 tons, with a 3.2% increase, and the hot - rolled coil inventory decreased by 4.6 tons to 357.8 tons, with a 1.3% decrease [1] Transaction and Demand - The building materials transaction volume decreased by 1.0 tons to 6.6 tons, with a 12.8% decrease. The apparent consumption of five major steel products decreased by 16.6 tons to 809.5 tons, with a 2.0% decrease [1] Iron Ore Industry Iron Ore - related Prices and Spreads - The warehouse - receipt costs of most iron ore varieties increased slightly, and the basis of the 05 - contract for some varieties decreased. The 1 - 5 spread decreased by 1.5 yuan to - 31.0 yuan, with a 5.1% decrease [3] Supply - The 45 - port arrival volume decreased by 129.7 tons to 2530.0 tons, with a 4.9% decrease, and the global shipment volume increased by 48.4 tons to 2978.3 tons, with a 1.7% increase [3] Demand - The daily average molten iron production of 247 steel mills was 228.1 tons, almost unchanged. The 45 - port daily average clearance volume decreased by 9.2 tons to 310.7 tons, with a 2.9% decrease [3] Inventory - The 45 - port inventory increased by 211.4 tons to 16766.53 tons, with a 1.3% increase, and the imported ore inventory of 247 steel mills increased by 126.6 tons to 9388.8 tons, with a 1.4% increase [3] Coke and Coking Coal Industry Price and Spread - Coke and coking coal futures and spot prices generally decreased. For example, the 05 - contract price of coke decreased by 51 yuan to 1668 yuan, and the 05 - contract price of coking coal decreased by 43 yuan to 1117 yuan [5] Supply - The daily average coke production of all - sample coking plants decreased by 0.1 tons to 63.3 tons, with a 0.2% decrease, and the daily average production of 247 steel mills increased by 0.2 tons to 46.9 tons, with a 0.4% increase. The raw coal production of sample mines decreased by 2.7 tons to 853.4 tons, with a 0.3% decrease [5] Demand - The molten iron production of 247 steel mills was 228.1 tons, almost unchanged. The demand for coke mainly comes from the molten iron production [5] Inventory - The total coke inventory increased by 18.9 tons to 939.2 tons, with a 2.1% increase. The coking coal inventory in mines, coking enterprises, and steel mills increased, while that in coal - washing plants, ports, and border ports decreased [5] Ferrosilicon and Ferromanganese Industry Price and Spread - The main contract prices of ferrosilicon and ferromanganese decreased slightly. The SF - SM main spread decreased by 14 yuan to - 214 yuan [6] Cost and Profit - The production cost of ferrosilicon in Inner Mongolia decreased slightly, and the production profit decreased. The manganese ore prices in Tianjin Port were relatively stable [6] Supply - The production of ferrosilicon was stable at a low level, and the production of ferromanganese decreased slightly. The manganese ore shipment volume increased by 5.2 tons to 77.7 tons, with a 7.2% increase [6] Demand - The demand for ferrosilicon and ferromanganese in steel - making is expected to keep molten iron production stable before the festival. The non - steel demand for ferrosilicon has weakened [6] Inventory - The inventory of 60 sample ferrosilicon enterprises increased by 0.3 tons to 6.7 tons, with a 5.4% increase, and the inventory of 63 sample ferromanganese enterprises was stable [6]

1. Report Industry Investment Rating - No relevant information provided. 2. Core Viewpoints - No relevant information provided. 3. Summary by Related Catalogs Price - The latest prices and their daily and weekly changes of silicon - iron and silicon - manganese in different regions are presented. For example, the latest price of Ningxia 72 silicon - iron is 5280, with a daily change of - 20 and a weekly change of 30 [1]. - The prices of silicon - iron and silicon - manganese in different contracts (such as main contracts, 01 contracts, etc.) and their daily and weekly changes are also given. For instance, the main contract price of silicon - iron is 5604, with a daily change of - 24 and a weekly change of 52 [1]. - The price differences between different varieties and time periods (e.g., 1 - 5 month spread, 5 - 9 month spread) are provided [1]. Supply - The production and capacity utilization of 136 silicon - iron enterprises in China are shown, including monthly and weekly data, and the capacity utilization in Inner Mongolia, Ningxia, and Shaanxi [3]. - The production of silicon - manganese in China, the procurement volume and price of HeSteel Group for silicon - manganese 6517 are also presented [5]. Demand - The estimated production of crude steel in China, the production of stainless - steel crude steel, and the demand for silicon - manganese in China are provided [3][6]. - The procurement volume of HeSteel Group for FeSi75 - B silicon - iron is also given [3]. Inventory - The inventory data of 60 sample silicon - iron enterprises in China, including the total inventory and the inventory in Ningxia, Inner Mongolia, and Shaanxi, are presented [4]. - The inventory - related data of silicon - manganese, such as the total number of warehouse receipts, effective forecasts, and the sum of warehouse receipts and effective forecasts, are provided [6]. Cost and Profit - The electricity prices of iron - alloy in different regions (Qinghai, Ningxia, Shaanxi, Inner Mongolia), the market price of semi - coke, and the production cost and profit of silicon - iron in Ningxia and Inner Mongolia are shown [4]. - The cost - related data of silicon - manganese, including the price of chemical coke, the price of manganese ore, and the profit of silicon - manganese in Inner Mongolia, Guangxi, and other regions, are provided [5][6].

黑色建材日报 2026-01-28 钢材 黑色建材组 陈张滢 从业资格号：F03098415 交易咨询号：Z0020771 0755-23375161 chenzy@wkqh.cn 郎志杰 螺纹钢主力合约下午收盘价为 3126 元/吨, 较上一交易日跌 17 元/吨（-0.54%）。当日注册仓单 17283 吨, 环比减少 0 吨。主力合约持仓量为 171.47 万手，环比减少 16197 手。现货市场方面, 螺纹钢天津汇总价 格为 3160 元/吨, 环比减少 10/吨; 上海汇总价格为 3260 元/吨, 环比减少 20 元/吨。 热轧板卷主力合约 收盘价为 3289 元/吨, 较上一交易日跌 13 元/吨（-0.39%）。 当日注册仓单 179126 吨, 环比减少 0 吨。 主力合约持仓量为 150.84 万手，环比减少 6369 手。 现货方面, 热轧板卷乐从汇总价格为 3290 元/吨, 环比减少 0 元/吨; 上海汇总价格为 3280 元/吨, 环比减少 10 元/吨。 【策略观点】 昨日商品市场整体情绪较好，成材价格继续在底部区间内震荡。基本面方面，热轧卷板供需双双回落，库 存水平逐步下降并趋 ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints - Steel: The supply - side has stable blast furnace profits and rising disk profits, so steel mills may continue to increase production with a low probability of significant reduction. The demand - side is affected by winter cold, with seasonal weakening of rebar demand and inventory accumulation, and hot - rolled coil demand may slow down and turn to inventory accumulation. The fundamentals are neutral, and prices will fluctuate within a range [3]. - Iron Ore: Overall, the fundamentals of iron ore are weak, but the downside is supported by the healthy fundamentals of steel, good profits of steel mills, and inventory replenishment expectations. Additionally, attention should be paid to the impact of rainy seasons in Australia and Brazil on shipments. It is expected that the price decline space is limited [23]. - Coal and Coke: Coking coal is in a pattern of "strong spot, weak disk" with a high basis. Without strong policy expectations to boost the disk, as winter storage enters the second half, the demand sustainability is limited, and the spot price of coking coal may face downward pressure in the short term. In the medium - to - long term, if there is a combination of "exceeding - expected domestic supply recovery" and "weakening macro - sentiment", the prices of coal and coke will face significant downward pressure [36]. - Ferroalloys: Ferroalloys are supported by the cost side. The upper limit of silicon - manganese is restricted by high inventory, and the fundamentals of silicon - iron are slightly better than those of silicon - manganese. In the short term, ferroalloys will fluctuate within a range between the cost line and the previous pressure level [52]. - Soda Ash: The short - term commodity sentiment is warming up, which may drive some low - valued varieties. If the disk rises, there is some inventory replenishment space for middle and downstream players, but the demand is average with limited elasticity. In terms of fundamentals, as new production capacity gradually releases output, the daily production of soda ash reaches a new high, and the oversupply expectation is intensifying. The export of soda ash remains high, which alleviates the domestic pressure to some extent. The high - level inventory of the upper and middle reaches restricts the price of soda ash [66]. - Glass: Although the daily melting of float glass has dropped to a certain low level, the demand reality and expectation are also weak. Under the pattern of weak supply and demand, there is no trend - based movement. Before the Spring Festival, there are still some glass production lines for cold - repair and ignition, which may affect the far - month pricing and market expectation. Currently, the high inventory of the middle reaches of glass needs to be digested, and the spot pressure still exists [90]. Summary by Related Catalogs Steel - **Prices and Spreads**: On January 27, 2026, the closing prices of rebar and hot - rolled coil contracts changed compared with the previous day. For example, the rebar 01 contract closed at 3199 yuan/ton (down 20 yuan from January 26), and the hot - rolled coil 01 contract closed at 3330 yuan/ton (down 11 yuan from January 26). The basis and month - spreads also had corresponding changes [4][10][12]. - **Ratio Analysis**: The ratios of rebar to iron ore and rebar to coke remained stable on January 27, 2026, compared with the previous day. For example, 01 rebar/01 iron ore was 4, and 01 rebar/01 coke was 2 [20]. Iron Ore - **Price Data**: On January 27, 2026, the closing prices of iron ore contracts increased slightly compared with the previous day. For example, the 01 contract closed at 757 yuan/ton (up 2 yuan from January 26). The basis also increased, and the prices of various iron ore varieties such as Rizhao PB powder also rose [24]. - **Fundamental Data**: From January 16 - 23, 2026, the daily average pig iron output increased slightly, the 45 - port desilting volume decreased, the global and Australia - Brazil shipments increased, the 45 - port inventory and 247 - steel mill inventory increased, and the available days of 247 steel mills also increased [30]. Coal and Coke - **Price Spreads**: On January 27, 2026, compared with the previous day, the month - spreads of coking coal and coke contracts changed. For example, the coking coal 09 - 01 month - spread was - 178 (down 12.5 from January 26). The disk coking profit increased, and the ratios such as the main ore - coke ratio also changed [39]. - **Spot Prices**: The spot prices of coking coal and coke in various regions remained relatively stable on January 27, 2026, with some slight changes in the import profit of different types of coal [42]. Ferroalloys - **Silicon - Iron**: On January 27, 2026, compared with the previous day, the basis of silicon - iron in Ningxia increased, the month - spreads changed, and the spot prices in some regions decreased slightly. The prices of raw materials such as semi - coke and动力煤 decreased slightly, and the number of silicon - iron warehouse receipts decreased [53]. - **Silicon - Manganese**: On January 27, 2026, the basis of silicon - manganese in Inner Mongolia increased, the month - spreads changed slightly, the spot prices in various regions remained stable, and the prices of some manganese ores decreased slightly. The number of silicon - manganese warehouse receipts increased slightly [54][56]. Soda Ash - **Prices and Spreads**: On January 27, 2026, the prices of soda ash contracts decreased. For example, the soda ash 05 contract closed at 1194 yuan/ton (down 11 yuan from January 26). The month - spreads and basis also had corresponding changes [67]. - **Production and Inventory**: The daily production of soda ash reaches a new high, and the overall inventory of the upper and middle reaches remains high, restricting the price [66]. Glass - **Prices and Spreads**: On January 27, 2026, the prices of glass contracts decreased. For example, the glass 05 contract closed at 1066 yuan/ton (down 21 yuan from January 26). The month - spreads and basis changed [91]. - **Sales and Production**: The daily sales - to - production ratios in different regions such as Shahe, Hubei, East China, and South China fluctuated in the period from January 17 - 23, 2026 [92].

研究所 黑色金属研发报告 黑色金属日报 2026 年 1 月 27 日 铁合金日报 第一部分 市场信息 研究员：周涛 期货从业证号： F03134259 投资咨询证号： Z0021009 联系方式： :zhoutao_qh1@chinastock. com.cn | 期 货 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 期货合约 | 收盘价 | 日变动 | 周变动 | 成交量 | 日变化 | 持仓量 | 日变化 | | SF主力合约 | 5604 | -24 | 52 | 112403 | -35305 | 196604 | -10700 | | SM主力合约 | 5818 | -10 | 20 | 103945 | -28433 | 371448 | 11862 | | 现 货 | | | | | | | | | 硅铁 | 现货价格 | 日变动 | 周变动 | 硅锰 | 现货价格 | 日变动 | 周变动 | | 72%FeSi内蒙 | 5350 | -50 | 30 | 硅锰6517内蒙 | 5680 | 0 | 0 ...

| | 李亚飞 | 投资咨询从业资格号：Z0021184 | liyafei2@gtht.com | | --- | --- | --- | --- | | | 金园园（联系人） | 期货从业资格号：F03134630 | jinyuanyuan2@gtht.com | | 【基本面跟踪】 | | | | 硅铁、锰硅基本面数据 2026 年 1 月 27 日 硅铁：原料短期价格松动，宽幅震荡 锰硅：原料短期价格松动，宽幅震荡 【宏观及行业新闻】 | | 期货合约 | 收盘价 | 较前一交易日 | 成交量 | 持仓量 | | --- | --- | --- | --- | --- | --- | | | 硅铁2603 | 5628 | -24 | 147,708 | 196,604 | | 期货 | 硅铁2605 | 5622 | -4 | 51,012 | 90,854 | | | 锰硅2603 | 5788 | -30 | 62,564 | 161,816 | | | 锰硅2605 | 5828 | -28 | 132,378 | 359,586 | | | 项目 | | 价格 | 较前一交易日 | 单位 ...

仓单 最新 日变化 周变化 出厂价折盘面 日变化 周变化 宁夏#72 5300 0 50 5600 主力合约 5628 -24 80 内蒙#72 5330 0 60 5680 01合约 5772 -4 46 青海#72 5300 0 0 5630 05合约 5622 -4 86 陕西#72 5300 0 0 5600 09合约 5682 -8 54 陕西#75 5850 0 0 主力月基差 -28 24 -30 江苏#72 5700 0 50 1-5月差 150 0 -40 天津#72 5800 -50 20 5-9月差 -60 4 32 天津#72 1050 5 5 9-1月差 -90 -4 8 天津#75 1115 5 5 双硅主力价差 -200 4 60 内蒙#6517 5680 0 -20 5980 主力合约 5828 -28 20 宁夏#6517 5570 0 -30 5970 01合约 5952 -32 -8 广西#6517 5750 0 -50 6220 05合约 5828 -28 -20 贵州#6517 5700 0 -80 6230 09合约 5880 -22 -10 云南#6517 570 ...

黑色建材组 陈张滢 从业资格号：F03098415 交易咨询号：Z0020771 0755-23375161 chenzy@wkqh.cn 郎志杰 从业资格号：F3030112 交易咨询号：Z0023202 0755-23375125 langzj@wkqh.cn 万林新 黑色建材日报 2026-01-27 【策略观点】 从业资格号：F03133967 0755-23375162 wanlx@wkqh.cn 赵 航 从业资格号：F03133652 0755-23375155 zhao3@wkqh.cn 【行情资讯】 螺纹钢主力合约下午收盘价为 3143 元/吨, 较上一交易日涨 1 元/吨（0.031%）。当日注册仓单 17283 吨, 环比减少 1204 吨。主力合约持仓量为 173.09 万手，环比减少 10906 手。现货市场方面, 螺纹钢天津汇总 价格为 3170 元/吨, 环比减少 0/吨; 上海汇总价格为 3280 元/吨, 环比增加 10 元/吨。 热轧板卷主力合 约收盘价为 3302 元/吨, 较上一交易日跌 3 元/吨（-0.09%）。 当日注册仓单 179126 吨, 环比减少 0 吨。 ...