商 品 研 究 2025 年 10 月 09 日 铁矿石：多事件扰动，偏强震荡 【趋势强度】 铁矿石趋势强度：1 注：趋势强度取值范围为【-2,2】区间数。强弱程度分类如下：弱、偏弱、中性、偏强、强，-2 表示 最看空，2 表示最看多。 张广硕 投资咨询从业资格号：Z0020198 zhangguangshuo@gtht.com 【基本面跟踪】 铁矿石基本面数据 | | | | 昨日收盘价(元/吨) | 涨跌(元/吨) | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 期货 | 12601 | | 780. 5 | -3.5 | -0. 45% | | | | | | 昨日持仓(手) | 持仓变动(手) | | | | | | 447. 365 | -26.627 | | | | | 昨日价格(元/吨) | 前日价格(元/吨) | 涨跌(元/吨) | | | 讲口矿 | 卡粉（65%） | 918. 0 | 917.0 | 1.0 | | | | PB (61.5%) | 779.0 | 779.0 | 0. 0 | | 现货价格 | | 金布巴(61%) | 7 ...

商 品 研 究 2025 年 9 月 30 日 铁矿石：预期反复，高位震荡 张广硕 投资咨询从业资格号：Z0020198 zhangguangshuo@gtht.com 【基本面跟踪】 铁矿石基本面数据 | | | | 昨日收盘价(元/吨) | 涨跌(元/吨) | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 期货 | 12601 | | 784. 0 | -6. 0 | -0.76% | | | | | | 昨日持仓(手) | 持仓变动(手) | | | | | | 473.992 | -34.937 | | | | | 昨日价格(元/吨) | 前日价格(元/吨) | 涨跌(元/吨) | | | 讲口矿 | 卡粉(65%) | 915. 0 | 920. 0 | -5.0 | | | | PB (61.5%) | 780. 0 | 785. 0 | -5.0 | | 现货价格 | | 金布巴(61%) | 750. 0 | 755. 0 | -5.0 | | | | 超特 (56.5%) | 710. 0 | 713. 0 | -3.0 | | | 国产矿 | ...

铁矿石基本面数据 | | | | 昨日收盘价(元/吨) | 涨跌(元/吨) | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 期货 | 12601 | | 770. 0 | -2.5 | -0. 32% | | | | | | 昨日持仓(手) | 持仓变动(手) | | | | | | 452. 625 | 1.051 | | | | | 昨日价格(元/吨) | 前日价格(元/吨) | 涨跌(元/吨) | | | 进口矿 | 卡粉 (65%) | 877.0 | 881.0 | -4. 0 | | | | PB (61.5%) | 767.0 | 769.0 | -2.0 | | 现货价格 | | 金布巴(61%) | 740. 0 | 745. 0 | -5.0 | | | | 超特(56.5%) | 650. 0 | 650. 0 | 0. 0 | | | 国产矿 | 邮邦 (66%) | 922. 0 | 922. 0 | 0. 0 | | | | 莱芜(65%) | 840. 0 | 840. 0 | 0. 0 | | 价差 | | | 昨日(元/吨) | ...

Report Summary 1. Investment Rating - No investment rating for the industry is provided in the report. 2. Core View - The report suggests that iron ore prices will experience wide - range fluctuations due to the boost of macro - expectations [1]. 3. Summary by Directory 3.1 Fundamentals Tracking - **Futures Data**: The closing price of iron ore futures was 737.0 yuan/ton, with a rise of 22.5 yuan/ton and a growth rate of 3.15%. The previous day's position was 744,359 hands, with an increase of 30,334 hands [1]. - **Spot Price**: Imported ore prices such as Carajas fines (65%), PB fines (61.5%), Jinbuba (61%), and Super Special (56.5%) all increased, while domestic ore prices of Langna (66%) and Laiwu (65%) remained unchanged [1]. - **Basis and Spread**: The basis of 12505 against Super Special changed by 0.1 yuan/ton, and the basis of 12505 against Jinbuba decreased by 1.4 yuan/ton. Various spreads such as 12509 - 12601, 12505 - 12509, Carajas fines - PB fines, PB fines - Jinbuba, and PB fines - Super Special also had corresponding changes [1]. 3.2 Macro and Industry News - As of the end of April, the balance of broad - money (M2) was 325.17 trillion yuan, with a year - on - year increase of 8% according to central bank data [1]. 3.3 Trend Intensity - The trend intensity of iron ore is 0, indicating a neutral stance. The range of trend intensity is from - 2 (most bearish) to 2 (most bullish) [1].