美国的"美元收割机"习惯动起来已经快八十年了。它不需要开坦克抢东西，也不必派舰队去封锁港口， 只需在办公室里敲敲键盘，就能让世界上的财富流入华盛顿。这套玩法，从二战结束后一直行得通，靠 的就是美元的全球结算地位。各国想做生意，得先把自己的货卖掉换成美元，再拿美元去买别人的货， 美国则坐着收美元铸币税，像空手就能抓到一只肥羊。 中国在这一套游戏里也被薅过不少羊毛 。几十年间，为了拿到美元，中国不得不出口大量质优价廉的商品到美国。这些出口赚来的美元，再拿 去买资源，整个过程都离不开美元结算。汇率波动和结算规则常常让买方处于被动。这种不公平不止中 国感受到，第三世界不少国家也一样。可大家嘴上不满，行动上却忍着，因为美元后面站着美国的军事 实力。 可到了今年秋天，这道惯例里突然来了一个变化。9月30日，中国矿产资源集团宣布，停止所有以美元 计价的澳大利亚铁矿石订单，不管是还在矿山的，还是运往中国的船货，统统在暂停名单里。这是头一 次，中国用实际行动去触动铁矿石的美元定价机制。 但几十年过去，形势已经变了。中国的经济和军事实力，让它在对抗美元规则时不再处于绝对劣势。天 下没有永远免费的午餐，美国靠制造美元潮汐去收割世界 ...

中国手里还有牌，全球九成货物靠船运，中国船队最多，港口最聪明，美国真敢加税，中国就让他们的 船进不了青岛、宁波这些大港，或者干脆涨点价，这叫以港制港，不用动手，照样叫他们难受。 9月29日，中国政府修改了海运条例，规定外国船舶进入中国港口，中方可以收费反制，这一步明显针 对美国，因为美国先前放话要对中国制造的船舶征收高额港口税，中国没等它出手，就先定了规矩。 10月1号起，澳大利亚开始用人民币向中国卖铁矿石，这事儿不简单，以前铁矿石交易全用美元，现在 改用人民币，是因为中国买得多，说话算数，澳洲七成以上的铁矿石都卖到中国，他们愿意换结算方 式，是因为生意不能停。 中国没跟美国硬碰硬，这几年一直在想办法少用美元，跟俄罗斯、伊朗、东南亚这些地方，开始用自己 国家的钱做生意，人民币跨境支付系统每天处理的钱，已经超过四千亿，这不是说说而已，是真在变。 这事不光影响中澳，印尼、智利、南非这些卖资源的国家都在盯着，谁先用人民币结账，谁就能拿到更 稳的单子，美国想靠美元压人，中国却在慢慢搭另一套系统，靠港口，靠船队，靠每天几万笔人民币交 易，一笔一笔铺下去。 ...

Core Viewpoint - The article discusses the challenges faced by companies in the steel and coal industries due to price volatility of raw materials and highlights the shift towards using futures and derivatives for risk management [2][4][9]. Group 1: Industry Challenges - Companies in the steel production sector, such as He Fang Industrial and Shandong Hui Lian Group, are struggling with significant price fluctuations in key raw materials like iron ore and coking coal, which directly impact production costs and profits [1][2]. - The volatility in prices has been exacerbated by changes in international trade environments, supply-demand adjustments, and the COVID-19 pandemic, leading to increased operational risks for trading companies [2][8]. Group 2: Adoption of Futures Trading - Shandong Hui Lian Group and Shandong Tai Feng Commercial Group have begun to explore futures trading as a means to manage risks associated with price fluctuations, transitioning from a passive to an active risk management approach [3][4][7]. - The companies initially faced challenges due to a lack of understanding and experience with futures trading, but training and support from futures exchanges have helped them recognize the benefits of hedging [3][4][8]. Group 3: Successful Implementation of Risk Management Strategies - In 2022, Shandong Tai Feng successfully implemented a hedging strategy using futures contracts, which resulted in a partial offset of losses from declining prices, demonstrating the effectiveness of risk management tools [4][6]. - Shandong Hui Lian Group also engaged in futures trading to lock in procurement prices and manage inventory value, achieving a risk management gain of approximately 150,000 yuan [5][6]. Group 4: Future Outlook - The "Enterprise Wind Plan" has facilitated the entry of over 700 companies into the futures market, enhancing their risk management capabilities and promoting the use of futures as a stabilizing tool in business operations [9][10]. - Companies are expected to continue deepening their participation in the futures market, exploring more complex hedging strategies and expanding their risk management frameworks to adapt to market changes [9][10].

Group 1: Report Information - Report Title: Iron Ore Morning Report [1] - Research Team: Black Team of the Research Center [1] - Report Date: July 9, 2025 [1] Group 2: Spot Market Data Australian Iron Ore - Newman Powder: Latest price is 718, with a daily change of 2 and a weekly change of 25. The converted futures price is 767.1, the corresponding price in US dollars is 92.95, with a daily change of 0.50 and a weekly change of 2.40, and the import profit is -29.86 [2] - PB Powder: Latest price is 723, with a daily change of 2 and a weekly change of 22. The converted futures price is 764.6, the corresponding price in US dollars is 95.40, with a daily change of 0.50 and a weekly change of 2.55, and the import profit is -10.86 [2] - Other Australian iron ore varieties such as Mac Powder, Kingbuba, etc. also have corresponding price and change data [2] Brazilian Iron Ore - Brazilian Blend: Latest price is 757, with a daily change of 2 and a weekly change of 22. The converted futures price is 767.1, the corresponding price in US dollars is 97.95, with a daily change of 0.40 and a weekly change of 2.45, and the import profit is 1.00 [2] - Other Brazilian iron ore varieties such as Brazilian Coarse IOC6, Brazilian Coarse SSFG also have corresponding price and change data [2] Other Regions' Iron Ore - Ukrainian Concentrate: Latest price is 805, with a daily change of 0 and a weekly change of 23, and the converted futures price is 859.3 [2] - Indian Iron Ore (61% grade): Latest price is 664, with a daily change of 4 and a weekly change of 31 [2] Domestic Iron Ore - Tangshan Iron Concentrate: Latest price is 864, with a daily change of 0 and a weekly change of 4, and the converted futures price is 751.0 [2] Group 3: Futures Market Data Dalian Commodity Exchange Contracts - i2601: Latest price is 707.0, with a daily change of 3.0 and a weekly change of 22.0. The monthly spread is 26.0, and another monthly spread - related data is 46.0, with a daily change of -0.8 and a weekly change of -4.5 [2] - i2605: Latest price is 689.5, with a daily change of 2.0 and a weekly change of 21.0. The monthly spread is 17.5, and another monthly spread - related data is 63.5, with a daily change of 0.2 and a weekly change of -3.5 [2] - i2509: Latest price is 733.0, with a daily change of 2.0 and a weekly change of 24.5. The monthly spread is -43.5, and another monthly spread - related data is 20.0, with a daily change of 0.2 and a weekly change of -7.0 [2] Singapore Exchange Contracts - FE01: Latest price is 93.65, with a daily change of -0.53 and a weekly change of 1.21. The monthly spread - related data is -52.3, and another related data is 7.3, with a daily change of 12.2 [2] - FE05: Latest price is 92.06, with a daily change of -0.51 and a weekly change of 1.08. The monthly spread - related data is 1.59, and another related data is -56.9, with a daily change of 6.1 and a weekly change of 12.2 [2] - FE09: Latest price is 95.10, with a daily change of -0.50 and a weekly change of 1.35 [2]

以下文章来源于一个人的八卦 ，作者木精灵zjs 一个人的八卦 . 闲来无事聊八卦，忙时有事稍后看。你若亦有八卦事，欢迎随时来分享。 文 | 木精灵zjs 来源 | 一个人的八卦 编辑 | 杨兰 审核 | 浦电路交易员 倒爷一词，出现于上世纪80年代，流行于上世 纪80年代中后期至90年代初期。 在从计划经济转向市场经济的过程中，尤其是在价格双轨制时代，一些人利用计划内商品和计划外商品的价格差，在市 场上倒卖有关商品进行盈利，被人们戏称为倒爷。 倒爷的本质就是倒卖价格差，利用信息差和渠道差，最终实现价格差。这其实也是所有贸易的本质。我觉得倒爷两字， 能很形象地形容贸易商，所以今天就拿来借用一下，来形容一下我们铁矿贸易商。 从我2009年加入铁矿行业至今，已经15个年头。这期间，伴随着铁矿市场的巨大波动，以及铁矿市场交易模式的慢慢 走向成熟，铁矿市场格局的改变，倒爷们也经历了从风光无限到彷徨迷茫到步入困境的发展历程。 01 风光时刻 在矿圈，根据实力的强弱，倒爷总体可以分为两类。 第一类有很强的经济实力，能自己从国外进口铁矿或者请代理商进口铁矿，或者能从进口方先把铁矿自己买下来囤在手 里，等价格合适时机再出货。这 ...