1/1 2/1 3/1 4/1 5/1 6/1 7/1 8/1 9/110/111/112/1 2022 2023 2024 2025 2022 2023 2024 2025 2022 2023 2024 2025 20 40 60 80 100 120 140 PB - 2022 2023 2024 2025 / 50 100 150 200 250 300 350 PB - 2022 2023 2024 2025 / 0 20 40 60 80 100 120 140 160 -57% 2022 2023 2024 2025 / 铁矿石早报 研究中心黑色团队 2025/10/9 | | | | | | | 现货 | | | | | 远期 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 地区 | | 品种 | 最新 | | 日变化 | 周变化 | | 折盘面 | 最新 | 日变化 | 周变化 | 进口利润 | | | | 普氏62指数 | | 103.45 | | ...

| | | | | | 现货 | | | | 远期 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 地区 | 品种 | 最新 | 日变化 | 周变化 | | 折盘面 | 最新 | 日变化 | 周变化 | 进口利润 | | | 普氏62指数 | | 106.55 | 1.35 | 0.20 | | | | | | | | | | 纽曼粉 | 795 | 0 | 10 | | 850.9 | 104.50 | 0.15 | 1.15 | -35.39 | | | | PB粉 | 799 | 0 | 10 | | 848.1 | 107.30 | 0.30 | 1.50 | -16.11 | | | 澳洲 | 麦克粉 | 789 | 2 | 12 | | 861.7 | 103.25 | 0.00 | 1.15 | -7.00 | | | | 金布巴 | 770 | 0 | 10 | | 864.6 | 100.50 | -0.10 | 0.65 | -11.52 | | | 主流 | 混合粉 | ...

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints - No relevant content Group 3: Summary by Related Catalogs Spot Market - **Australian Mainstream Iron Ore**: Newman powder is priced at 779, down 2 from the previous day and up 3 week - on - week; PB powder is at 782, down 3 and up 3 respectively; Macfarlane powder is 770, down 1 and up 4; Jinbuba powder is 749, down 2 and down 1; Super Special powder is 688, up 3 and up 15; Carajás powder is 897, up 3 and up 6 [1]. - **Brazilian Mainstream Iron Ore**: Brazilian blend is 805, down 5 and down 11; Brazilian coarse IOC6 is 787, down 3 and up 3; Brazilian coarse SSFG is 792, down 3 and up 3 [1]. - **Other Iron Ores**: Ukrainian concentrate is 910, unchanged and up 7; 61% Indian powder is 738, down 2 and down 1; Karara concentrate is 910, unchanged and up 7; Roy Hill powder is 752, down 3 and up 3; KUMBA powder is 841, down 3 and up 3; 57% Indian powder is 628, down 2 and up 10; Atlas powder is 717, down 3 and up 4; Tangshan iron concentrate is 996, up 7 and up 7 [1]. Futures Market - **DCE Contracts**: i2601 is at 789.5, down 2.0 and up 2.0; i2605 is 765.0, down 2.5 and up 1.5; i2509 is 834.5, up 3.5 and up 31.5 [1]. - **FE Contracts**: FE01 is 101.53, up 2.31 and down 1.46; FE05 is 99.16, up 2.35 and down 1.47; FE09 is 104.67, up 2.12 and up 0.47 [1]. Price Differences - **Inter - monthly Spreads**: For i2601, it's 45.0, with a day - change of - 3.4 and a week - change of - 7.5; for i2605, it's 24.5, with a day - change of - 2.9 and a week - change of - 7.0; for i2509, it's - 69.5, with a day - change of - 8.9 and a week - change of - 37.0 [1]. - **Other Price Differences**: FE01 has a price difference of 3.14, with a day - change of 1.9 and a week - change of 12.7; FE05 has a price difference of 2.37, with a day - change of 0.4 and a week - change of 13.8; FE09 has a price difference of - 5.51, with a day - change of 7.3 and a week - change of 16.1 [1].

Group 1: Industry Investment Rating - No information provided Group 2: Core View - No information provided Group 3: Summary of Spot Market - The latest prices of Newman powder, PB powder, and Mac powder are 781, 785, and 771 respectively, with daily changes of 10, 10, and 11, and weekly changes of 4, 4, and 4 [1] - The latest prices of Kumba powder, 57% Indian powder, and Atlas powder are 844, 630, and 720 respectively, with daily changes of 10, 9, and 13, and weekly changes of 4, 12, and 7 [1] - The latest price of Tangshan iron concentrate powder is 989, with a daily change of 3 and a weekly change of 3 [1] Group 4: Summary of Futures Market - The latest prices of i2601, i2605, and i2509 are 791.5, 767.5, and 831.0 respectively, with daily changes of 14.5, 13.0, and 18.0, and weekly changes of 1.0, 2.0, and 20.0 [1] - The latest prices of FE01, FE05, and FE09 are 99.97, 97.60, and 103.34 respectively, with daily changes of 1.47, 1.54, and 1.63, and weekly changes of -1.62, -1.60, and 0.84 [1]

Report Summary 1. Report Industry Investment Rating - Not provided in the given content. 2. Core Viewpoint - Not provided in the given content. 3. Summary by Relevant Catalog Spot Market - **Australian Mainstream Iron Ore**: Newman powder price is 762, down 14 daily and 14 weekly; PB powder is 765, down 14 daily and 15 weekly; Mac powder is 750, down 16 daily and 16 weekly; Jinbuba powder is 738, down 12 daily and 14 weekly; Mixed powder is 703, down 15 daily and 10 weekly; Super special powder is 663, down 10 daily and 5 weekly; Carajás powder is 873, down 18 daily and 14 weekly [1]. - **Brazilian Mainstream Iron Ore**: Brazilian mixed powder is 802, down 14 daily and 10 weekly; Brazilian coarse IOC6 is 770, down 14 daily and 18 weekly; Brazilian coarse SSFG is 775, down 14 daily and 18 weekly [1]. - **Other Iron Ore**: Ukrainian concentrate powder is 885, down 18 daily and 5 weekly; 61% Indian powder is 727, down 12 daily and 14 weekly; Karara concentrate powder is 885, down 18 daily and 5 weekly; Roy Hill powder is 735, down 14 daily and 15 weekly; KUMBA powder is 824, down 14 daily and 15 weekly; 57% Indian powder is 608, down 10 daily and 5 weekly; Atlas powder is 698, down 15 daily and 10 weekly; Tangshan iron concentrate powder is 982, down 7 daily and 7 weekly [1]. Futures Market - **DCE Contracts**: i2601 is 766.0, down 21.5 daily and 21.0 weekly; i2605 is 743.0, down 20.5 daily and 20.0 weekly; i2509 is 801.5, down 1.5 daily and 5.0 weekly [1]. - **SGX Contracts**: FE01 is 102.52, down 0.47 daily and up 2.68 weekly; FE05 is 100.09, down 0.54 daily and up 2.54 weekly; FE09 is 103.50, down 0.70 daily and up 2.91 weekly [1].

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints - Not provided in the given content 3. Summary by Relevant Catalogs Spot Market - **Australian Mainstream Iron Ore**: Newman powder price is 776, down 1 from the previous day and up 11 for the week; PB powder price is 779, down 2 from the previous day and up 12 for the week; Macfarlane powder price is 766, down 1 from the previous day and up 13 for the week; Jinbuba powder price is 750, down 2 from the previous day and up 10 for the week; Mixed powder price is 718, unchanged from the previous day and up 18 for the week; Super special powder price is 673, unchanged from the previous day and up 22 for the week; Carajás powder price is 891, unchanged from the previous day and up 18 for the week [1] - **Brazilian Mainstream Iron Ore**: Brazilian mixed ore price is 816, down 2 from the previous day and up 6 for the week; Brazilian coarse IOC6 price is 784, down 5 from the previous day and up 9 for the week; Brazilian coarse SSFG price is 789, down 5 from the previous day and up 9 for the week [1] - **Other Iron Ores**: Ukrainian concentrate powder price is 903, up 4 from the previous day and up 25 for the week; 61% Indian powder price is 739, down 2 from the previous day and up 10 for the week; Karara concentrate powder price is 903, up 4 from the previous day and up 25 for the week; Roy Hill powder price is 749, down 2 from the previous day and up 12 for the week; KUMBA powder price is 838, down 2 from the previous day and up 12 for the week; 57% Indian powder price is 618, unchanged from the previous day and up 22 for the week; Atlas powder price is 713, unchanged from the previous day and up 18 for the week; Tangshan iron concentrate powder price is 989, up 3 from the previous day and up 12 for the week [1] Futures Market - **DCE Contracts**: i2601 contract price is 787.5, down 3.0 from the previous day and up 17.5 for the week; i2605 contract price is 763.5, down 2.0 from the previous day and up 16.0 for the week; i2509 contract price is 803.0, down 8.0 from the previous day and up 14.0 for the week [1] - **FE Contracts**: FE01 contract price is 102.99, up 1.40 from the previous day and up 2.47 for the week; FE05 contract price is 100.63, up 1.43 from the previous day and up 2.42 for the week; FE09 contract price is 104.20, up 1.70 from the previous day and up 3.03 for the week [1] Price Spreads - **Inter - monthly Spreads**: For i2601, the inter - monthly spread is 15.5, with a value of 37.0, up 0.8 from the previous day and down 4.3 for the week; for i2605, the inter - monthly spread is 24.0, with a value of 61.0, down 0.2 from the previous day and down 2.8 for the week; for i2509, the inter - monthly spread is - 39.5, with a value of 21.5, up 5.8 from the previous day and down 0.8 for the week [1] - **Basis/Internal - External Price Spreads**: Not detailed in a summarized way, but data is presented in the document [1] - **Premium**: U - ball/pellet premium and PB block/block premium data is presented in the form of charts, but specific numerical summaries are not provided [1]

Group 1: Report on Iron Ore Spot Market - Newman powder price is 767, with no daily change and a weekly increase of 3; its discounted futures price is 820.5, import profit is -32.94 [1] - PB powder price is 770, with no daily change and a weekly increase of 3; its discounted futures price is 816.3, import profit is -16.86 [1] - Macfadden powder price is 757, with a daily decrease of 1 and a weekly increase of 2; its discounted futures price is 826.9, import profit is -11.31 [1] - Jinbuba powder price is 740, with a daily decrease of 2 and a weekly decrease of 1; its discounted futures price is 832.3, import profit is -7.87 [1] - Mainstream mixed powder price is 708, with a daily increase of 1 and a weekly increase of 8; its discounted futures price is 835.4, import profit is -3.59 [1] - Super special powder price is 660, with no daily change and a weekly increase of 12; its discounted futures price is 872.8, import profit is -8.07 [1] - Carajás powder price is 879, with no daily change and a weekly increase of 1; its discounted futures price is 823.0, import profit is -39.99 [1] - Brazilian blended powder price is 807, with no daily change and a weekly increase of 1; its discounted futures price is 821.1, import profit is -12.09 [1] - Brazilian coarse IOC6 price is 778, with no daily change and a weekly increase of 8 [1] - Brazilian coarse SSFG price is 783, with no daily change and a weekly increase of 8 [1] - Ukrainian concentrate price is 887, with a daily increase of 4 and a weekly increase of 14; its discounted futures price is 950.9 [1] - 61% Indian powder price is 729, with a daily decrease of 2 and a weekly decrease of 1 [1] - Karara concentrate price is 887, with a daily increase of 4 and a weekly increase of 14; its discounted futures price is 908.4 [1] - Roy Hill powder price is 740, with no daily change and a weekly increase of 3; its discounted futures price is 814.6, import profit is -10.25 [1] - KUMBA powder price is 829, with no daily change and a weekly increase of 3; its discounted futures price is 819.9 [1] - 57% Indian powder price is 605, with no daily change and a weekly increase of 12 [1] - Atlas powder price is 703, with a daily increase of 1 and a weekly increase of 8 [1] - Tangshan iron concentrate price is 983, with a daily decrease of 6 and a weekly increase of 6; its discounted futures price is 870.0 [1] Group 2: Report on Iron Ore Futures Market - i2601 contract price is 775.5, with a daily decrease of 1.0 and a weekly increase of 6.5; its monthly spread is 21.0, with a daily increase of 1.0 and a weekly decrease of 3.2 [1] - i2605 contract price is 753.5, with a daily decrease of 0.5 and a weekly increase of 6.5; its monthly spread is 22.0, with a daily increase of 0.5 and a weekly decrease of 3.2 [1] - i2509 contract price is 796.5, with a daily decrease of 0.5 and a weekly increase of 10.5; its monthly spread is -43.0, with a daily increase of 0.5 and a weekly decrease of 7.2 [1] - FE01 contract price is 101.60, with a daily decrease of 0.95 and a weekly increase of 1.11; its monthly spread is 0.73, with a daily decrease of 1.7 and a weekly decrease of 0.7 [1] - FE05 contract price is 99.19, with a daily decrease of 1.04 and a weekly increase of 1.13; its monthly spread is 2.41, with a daily increase of 0.5 and a weekly decrease of 1.9 [1] - FE09 contract price is 102.33, with a daily decrease of 0.93 and a weekly increase of 1.28; its monthly spread is -3.14, with a daily decrease of 0.8 and a weekly increase of 0.5 [1]

Report Summary 1. Report Industry Investment Rating - No information provided in the given content. 2. Core View - No explicit core view presented in the provided text. 3. Summary by Related Catalogs Spot Market - **Australian Iron Ore**: Newman powder price is 766, up 2 from the previous day and down 1 for the week; PB powder is 769, up 2 and down 2; Macfarlane powder is 755, unchanged for the day and down 7 for the week; Jinbuba powder is 743, up 2 and unchanged for the week; mainstream mixed powder is 705, up 5 for both the day and the week; super special powder is 652, up 4 and 7; Carajás powder is 880, up 2 and 2 [1]. - **Brazilian Iron Ore**: Brazilian blend is 812, up 6 and 5; Brazilian coarse IOC6 is 777, up 7 and 14; Brazilian coarse SSFG is 782, up 7 and 14 [1]. - **Other Regions**: Ukrainian concentrate powder is 877, up 4 and unchanged for the week; 61% Indian powder is 732, up 2 and unchanged for the week; Karara concentrate powder is 877, up 4 and unchanged for the week; Roy Hill powder is 739, up 2 and down 2; KUMBA powder is 828, up 2 and down 3; 57% Indian powder is 597, up 4 and 7; Atlas powder is 700, up 5 and 5 [1]. - **Domestic Ore**: Tangshan iron concentrate powder is 977, unchanged for both the day and the week [1]. Futures Market - **DCE Contracts**: i2601 is 772.5, up 3.5 from the previous day and down 2.5 for the week; i2605 is 748.0, up 1.0 and down 5.0; i2509 is 791.0, up 5.0 and unchanged for the week [1]. - **SGX Contracts**: FE01 is 100.17, down 0.32 and 2.51; FE05 is 97.90, down 0.16 and 2.50; FE09 is 100.75, down 0.30 and 2.76 [1]. Premium and Spread - **Premium**: PB block/block ore premium and U - ball/pellet premium data are presented with historical trends from 2021 - 2025 [1]. - **Spread**: The monthly spreads of different contracts are provided, such as i2601 has a monthly spread of 18.5, up 41.0 from the previous day and down 1.3 for the week [1].

Report Summary 1. Report Industry Investment Rating - No relevant information provided. 2. Core Viewpoints - No clear core viewpoints are presented in the given content. It mainly provides data on various iron ore varieties, including spot prices, daily and weekly changes, import profits, and futures contract information. 3. Summary by Relevant Catalogs Spot Market - **Australian Iron Ore**: Newman powder price is 767, with a daily change of -14 and a weekly change of -2; PB powder price is 771, with a daily change of -13 and a weekly change of -2; etc. [1] - **Brazilian Iron Ore**: Ba Hun price is 807, with a daily change of -15 and a weekly change of -5; Ba Cu IOC6 price is 763, with a daily change of -11 and a weekly change of 0; etc. [1] - **Other Regions' Iron Ore**: Ukrainian concentrate powder price is 877, with a daily change of -11 and a weekly change of 11; 61% Indian powder price is 732, with a daily change of -15 and a weekly change of -2; etc. [1] - **Domestic Iron Ore**: Tangshan iron concentrate powder price is 977, with a daily change of -6 and a weekly change of 19. [1] Futures Market - **DCE Contracts**: i2601 price is 775.0, with a daily change of -20.0 and a weekly change of 0.5; i2605 price is 753.0, with a daily change of -21.0 and a weekly change of 0.5; i2509 price is 791.0, with a daily change of -14.5 and a weekly change of -2.0. [1] - **New Exchange Contracts**: FE01 price is 102.68, with a daily change of -1.26 and a weekly change of 0.77; FE05 price is 100.40, with a daily change of -1.36 and a weekly change of 0.54; FE09 price is 103.51, with a daily change of -0.92 and a weekly change of 1.71. [1]

Report Summary 1) Report Industry Investment Rating - Not provided in the given content 2) Core Viewpoints - Not provided in the given content 3) Summary by Relevant Catalogs Spot Market - **Australian Mainstream Iron Ore**: Newman powder is priced at 781, down 2 from the previous day and up 9 for the week; PB powder is at 784, down 3 and up 8; Mac powder is at 774, down 1 and up 9; Jinbuba powder is at 758, down 3 and up 9; Mixed powder is at 708, down 5 and up 8; Super special powder is at 658, down 4 and up 8; Carajás powder is at 888, unchanged and up 8 [1]. - **Brazilian Mainstream Iron Ore**: Brazilian mixed powder is at 822, up 1 and up 19; Brazilian coarse IOC6 is at 774, down 3 and up 8; Brazilian coarse SSFG is at 779, down 3 and up 8 [1]. - **Other Iron Ores**: Ukrainian concentrate is at 888, down 2 and up 20; 61% Indian powder is at 747, down 3 and up 9; Karara concentrate is at 888, down 2 and up 20; Roy Hill powder is at 754, down 3 and up 8; KUMBA powder is at 844, down 3 and up 8; 57% Indian powder is at 603, down 4 and up 8; Atlas powder is at 703, down 5 and up 8 [1]. - **Domestic Iron Ore**: Tangshan iron concentrate is at 983, unchanged and up 31 [1]. Futures Market - **DCE Contracts**: i2601 is at 795.0, down 6.0 and up 17.5; i2605 is at 774.0, down 5.5 and up 19.5; i2509 is at 805.5, down 2.0 and up 11.0 [1]. - **SGX Contracts**: FE01 is at 103.94, up 0.77 and up 1.71; FE05 is at 101.76, up 0.64 and up 1.61; FE09 is at 104.43, up 0.93 and up 1.96 [1]. Other Information - **Import Profits**: Import profits vary for different iron ore varieties, such as -28.43 for Newman powder, -10.91 for PB powder, etc. [1] - **Monthly Spreads**: For DCE contracts, the monthly spreads of i2601, i2605, and i2509 are 10.5, 21.0, and -31.5 respectively, with corresponding daily and weekly changes [1]