Group 1: Report Overview - Report Name: Iron Ore Morning Report [1] - Report Date: February 12, 2026 [2] - Research Team: Black Team of the Research Center [2] Group 2: Spot Market Australian Mainstream Iron Ore - **Price Changes**: Newman powder, PB powder, Mac powder, and Jinbuba powder all decreased by 18 yuan compared to the previous week. The mixed powder increased by 1 yuan compared to the previous day and decreased by 15 yuan compared to the previous week. The super special powder decreased by 16 yuan compared to the previous week. The car powder decreased by 18 yuan compared to the previous week [3]. - **Import Profits**: The import profit of Newman powder was 11.15 yuan, Mac powder was 32.33 yuan, Jinbuba powder was 44.34 yuan, and the mixed powder was 0.57 yuan. The super special powder had a loss of -7.15 yuan, and the car powder had a loss of -6.52 yuan [3]. Brazilian Mainstream Iron Ore - **Price Changes**: The Brazilian mixed decreased by 29 yuan compared to the previous week, and Brazilian coarse IOC6 and Brazilian coarse SSFG decreased by 18 yuan compared to the previous week [3]. - **Import Profits**: The import profit of the Brazilian mixed was 6.60 yuan [3]. Non - mainstream Iron Ore - **Price Changes**: Ukrainian iron concentrate powder increased by 8 yuan compared to the previous day and decreased by 13 yuan compared to the previous week. The 61% Indian powder decreased by 18 yuan compared to the previous week. The Karara iron concentrate powder increased by 3 yuan compared to the previous day and decreased by 14 yuan compared to the previous week. Roy Hill powder decreased by 18 yuan compared to the previous week. The KUMBA powder decreased by 18 yuan compared to the previous week. The 57% Indian powder decreased by 16 yuan compared to the previous week. The Atlas powder increased by 1 yuan compared to the previous day and decreased by 15 yuan compared to the previous week [3]. - **Import Profits**: The import profit of Roy Hill powder was 58.64 yuan [3]. Others - **PB Lump/Ore Premium**: The price was 852 yuan, increasing by 2 yuan compared to the previous day and 2 yuan compared to the previous week. The premium was 0.0505, increasing by 0.01 compared to the previous day and 0.0275 compared to the previous week [3]. - **Ukrainian Pellets/Pellet Premium**: The price was 846 yuan, increasing by 8 yuan compared to the previous day and decreasing by 13 yuan compared to the previous week. The premium was 15.30, decreasing by 0.20 compared to the previous day and 0.20 compared to the previous week [3]. - **Domestic Ore**: The price of Tangshan iron concentrate powder was 963 yuan, remaining unchanged compared to the previous day and decreasing by 6 yuan compared to the previous week [3]. Group 3: Futures Market Dalian Commodity Exchange - **i2701**: The latest price was 733.5 yuan, increasing by 1.5 yuan compared to the previous day and decreasing by 20.0 yuan compared to the previous week. The monthly spread was 11.5 yuan. The basis was 61.5 yuan, decreasing by 1.5 yuan compared to the previous day and increasing by 0.3 yuan compared to the previous week [3]. - **i2605**: The latest price was 762.5 yuan, increasing by 1.0 yuan compared to the previous day and decreasing by 19.0 yuan compared to the previous week. The monthly spread was - 29.0 yuan. The basis was 32.5 yuan, decreasing by 1.0 yuan compared to the previous day and decreasing by 0.7 yuan compared to the previous week [3]. - **i2609**: The latest price was 745.0 yuan, increasing by 1.0 yuan compared to the previous day and decreasing by 19.5 yuan compared to the previous week. The monthly spread was 17.5 yuan. The basis was 50.0 yuan, decreasing by 1.0 yuan compared to the previous day and decreasing by 0.2 yuan compared to the previous week [3]. Singapore Exchange - **FE01**: The latest price was 97.24 US dollars, decreasing by 0.15 US dollars compared to the previous day and 2.80 US dollars compared to the previous week. The monthly spread was 1.24 US dollars. The difference between the domestic and foreign markets was - 27.4 yuan, increasing by 2.5 yuan compared to the previous day and 8.9 yuan compared to the previous week [3]. - **FE05**: The latest price was 99.66 US dollars, increasing by 0.10 US dollars compared to the previous day and decreasing by 2.43 US dollars compared to the previous week. The monthly spread was - 2.42 US dollars. The difference between the domestic and foreign markets was - 16.8 yuan, increasing by 0.5 yuan compared to the previous day and 7.1 yuan compared to the previous week [3]. - **FE09**: The latest price was 98.48 US dollars, decreasing by 0.08 US dollars compared to the previous day and 2.82 US dollars compared to the previous week. The monthly spread was 1.18 US dollars. The difference between the domestic and foreign markets was - 25.1 yuan, increasing by 2.9 yuan compared to the previous day and 10.1 yuan compared to the previous week [3].

Report Industry Investment Rating - Not provided Core Viewpoint - Not provided Summary by Relevant Catalog Spot Market - Newman powder: price 758, daily change -8, weekly change -28, discounted to the futures price 810.7, import profit 20.02 [1] - PB powder: price 762, daily change -8, weekly change -28, discounted to the futures price 810.5 [1] - Macfayden powder: price 756, daily change -8, weekly change -28, discounted to the futures price 825.8, import profit 40.55 [1] - Jinbuba powder: price 715, daily change -8, weekly change -28, discounted to the futures price 805.4, import profit 48.11 [1] - Mixed powder: price 705, daily change -10, weekly change -23, discounted to the futures price 841.2, import profit 1.08 [1] - Super special powder: price 648, daily change -6, weekly change -30, discounted to the futures price 865.6, import profit -5.19 [1] - Carajás powder: price 862, daily change -8, weekly change -28, discounted to the futures price 794.2, import profit -3.25 [1] - Brazilian blended powder: price 801, daily change -8, weekly change -20, discounted to the futures price 805.9, import profit 21.08 [1] - Brazilian coarse IOC6: price 737, daily change -8, weekly change -17, discounted to the futures price 808.4 [1] - Brazilian coarse SSFG: price 742, daily change -8, weekly change -17 [1] - Ukrainian iron concentrate: price 835, daily change -8, weekly change -38, discounted to the futures price 920.4 [1] - 61% Indian powder: price 704, daily change -8, weekly change -28 [1] - Karara iron concentrate: price 844, daily change -8, weekly change -34, discounted to the futures price 860.8 [1] - Roy Hill powder: price 749, daily change -8, weekly change -28, discounted to the futures price 824.5, import profit 61.14 [1] - KUMBA powder: price 821, daily change -8, weekly change -28, discounted to the futures price 799.7 [1] - 57% Indian powder: price 583, daily change -6, weekly change -30 [1] - Atlas powder: price 700, daily change -10, weekly change -23 [1] - Tangshan iron concentrate: price 963, daily change -1, weekly change -19, discounted to the futures price 850.0 [1] Futures Market - i2701 contract: price 732.5, daily change -8.5, weekly change -27.5, monthly spread 10.0 [1] - i2605 contract: price 760.5, daily change -8.0, weekly change -31.0, monthly spread -28.0 [1] - i2609 contract: price 742.5, daily change -8.5, weekly change -30.0, monthly spread 18.0 [1] - FE01 contract: price 98.17, daily change -2.16, weekly change -7.53, monthly spread 1.26 [1] - FE05 contract: price 100.35, daily change -2.05, weekly change -4.45, monthly spread -2.18 [1] - FE09 contract: price 99.43, daily change -2.14, weekly change -4.34, monthly spread 0.92 [1]

Report Summary 1. Report Industry Investment Rating There is no information about the report industry investment rating in the provided content. 2. Core Viewpoints There is no clear core viewpoint presented in the provided content. 3. Summary by Related Catalogs 3.1 Iron Ore Spot Market - **Australian mainstream ores**: Newman powder is priced at 777, with a daily change of 4 and a weekly change of -8; PB powder is 781, with a daily change of 4 and a weekly change of -8; Mac powder is 775, with a daily change of 4 and a weekly change of -8; Jinbuba is 734, with a daily change of 4 and a weekly change of -8; Roy Hill powder is 768, with a daily change of 4 and a weekly change of -8 [1]. - **Brazilian mainstream ores**: Brazilian mixed ore is 820, with a daily change of 4 and a weekly change of 0; Brazilian coarse IOC6 is 756, with a daily change of 4 and a weekly change of 3; Brazilian coarse SSFG is 761, with a daily change of 4 and a weekly change of 3 [1]. - **Other ores**: Ukrainian fine powder is 859, with a daily change of 3 and a weekly change of -11; 61% Indian powder is 723, with a daily change of 4 and a weekly change of -8; Karara fine powder is 864, with a daily change of 3 and a weekly change of -11; 57% Indian powder is 601, with a daily change of 3 and a weekly change of -4; Atlas powder is 718, with a daily change of 2 and a weekly change of -1; Tangshan iron fine powder (domestic ore) is 969, with a daily change of 0 and a weekly change of -7 [1]. 3.2 Iron Ore Futures Market - **DCE contracts**: i2701 is at 753.5, with a daily change of 4.5 and a weekly change of 1.0; i2605 is at 781.5, with a daily change of 4.0 and a weekly change of -1.5; i2609 is at 764.5, with a daily change of 4.5 and a weekly change of 0.0 [1]. - **SGX contracts**: FE01 is at 100.04, with a daily change of -0.67 and a weekly change of -5.66; FE05 is at 102.09, with a daily change of -0.90 and a weekly change of -1.61; FE09 is at 101.30, with a daily change of -0.67 and a weekly change of -1.15 [1].

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints - No relevant information provided 3. Summary by Related Catalogs Spot Market - **Australian Mainstream Iron Ore**: Newman powder price is 773, down 5 daily and 18 weekly; PB powder is 777, down 5 daily and 18 weekly; Macfarlane powder is 771, down 5 daily and 18 weekly; Jinbuba powder is 730, down 5 daily and 18 weekly; Super Special powder is 663, down 8 daily and 10 weekly; Roy Hill powder is 764, down 5 daily and 18 weekly [1] - **Brazilian Mainstream Iron Ore**: Brazilian mixed powder is 816, down 5 daily and 7 weekly; Brazilian coarse IOC6 is 752, down 5 daily and 7 weekly; Brazilian coarse SSFG is 757, down 5 daily and 7 weekly [1] - **Other Iron Ore**: Ukrainian concentrate powder is 856, down 7 daily and 19 weekly; 61% Indian powder is 719, down 5 daily and 18 weekly; Karara concentrate powder is 861, down 7 daily and 18 weekly; KUMBA powder is 836, down 5 daily and 18 weekly; 57% Indian powder is 598, down 8 daily and 10 weekly; Atlas powder is 716, down 4 daily and 5 weekly [1] - **Domestic Iron Ore**: Tangshan iron concentrate powder is 969, down 2 daily and 10 weekly [1] Futures Market - **DCE Contracts**: i2701 is 749.0, down 4.5 daily and 8.0 weekly; i2605 is 777.5, down 5.5 daily and 10.5 weekly; i2609 is 760.0, down 6.0 daily and 9.5 weekly [1] - **SGX Contracts**: FE01 is 100.71, down 4.91 daily and 4.91 weekly; FE05 is 102.99, down 0.73 daily and 0.55 weekly; FE09 is 101.97, down 0.76 daily and 0.25 weekly [1]

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints - No clear core viewpoints presented in the given content 3. Summary by Related Catalogs 3.1 Spot Market Information - Newman powder: price is 786, with a daily change of -9 and a weekly change of -12; the discounted price on the futures market is 841.1, the import profit is 11.81 [1] - PB powder: price is 790, with a daily change of -9 and a weekly change of -12; the discounted price on the futures market is 841.2 [1] - Mac powder: price is 784, with a daily change of -9 and a weekly change of -16; the discounted price on the futures market is 856.3, the import profit is 34.56 [1] - Jinbuba powder: price is 743, with a daily change of -9 and a weekly change of -12; the discounted price on the futures market is 835.5, the import profit is 41.57 [1] - Mainstream mixed powder: price is 728, with a daily change of -2 and a weekly change of -2; the discounted price on the futures market is 866.0, the import profit is 3.49 [1] - Super special powder: price is 678, with a daily change of -4 and a weekly change of 0; the discounted price on the futures market is 898.6, the import profit is 5.66 [1] - Carajás powder: price is 890, with a daily change of 0 and a weekly change of 3; the discounted price on the futures market is 824.5, the import profit is -1.05 [1] - Brazilian mixed powder: price is 821, with a daily change of -9 and a weekly change of -12; the discounted price on the futures market is 827.6, the import profit is 5.14 [1] - Brazilian coarse IOC6: price is 754, with a daily change of -9 and a weekly change of -12; the discounted price on the futures market is 827.1 [1] - Brazilian coarse SSFG: price is 759, with a daily change of -9 and a weekly change of -12 [1] - Ukrainian concentrate: price is 873, with a daily change of -7 and a weekly change of -5; the discounted price on the futures market is 980.2 [1] - 61% Indian powder: price is 732, with a daily change of -9 and a weekly change of -12 [1] - Karara concentrate: price is 878, with a daily change of -7 and a weekly change of -4; the discounted price on the futures market is 898.4 [1] - Roy Hill powder: price is 777, with a daily change of -9 and a weekly change of -12; the discounted price on the futures market is 855.2, the import profit is 56.23 [1] - KUMBA powder: price is 849, with a daily change of -9 and a weekly change of -12; the discounted price on the futures market is 828.5 [1] - 57% Indian powder: price is 613, with a daily change of -4 and a weekly change of 0 [1] - Atlas powder: price is 723, with a daily change of -2 and a weekly change of -2 [1] - Tangshan iron concentrate: price is 982, with a daily change of 0 and a weekly change of 0; the discounted price on the futures market is 869.0 [1] 3.2 Futures Market Information - i2701 contract: latest price is 760.0, with a daily change of -5.5 and a weekly change of -4.5; the monthly spread is 12.5, the latest value of the spread is 64.5, with a daily change of 5.5 and a weekly change of 7.7 [1] - i2605 contract: latest price is 791.5, with a daily change of -7.0 and a weekly change of -3.5; the monthly spread is -31.5, the latest value of the spread is 33.0, with a daily change of 7.0 and a weekly change of 6.7 [1] - i2609 contract: latest price is 772.5, with a daily change of -6.5 and a weekly change of -5.0; the monthly spread is 19.0, the latest value of the spread is 52.0, with a daily change of 6.5 and a weekly change of 8.2 [1] - FE01 contract: latest price is 105.70, with a daily change of 0.20 and a weekly change of 0.05; the spread is -1.93, the latest value of the spread is -64.2, with a daily change of 12.4 and a weekly change of 10.2 [1] - FE05 contract: latest price is 104.80, with a daily change of 1.73 and a weekly change of 1.14; the spread is 0.90, the latest value of the spread is -24.1, with a daily change of 2.9 and a weekly change of 5.1 [1] - FE09 contract: latest price is 103.77, with a daily change of 1.67 and a weekly change of 1.50; the spread is 1.03, the latest value of the spread is -35.5, with a daily change of 2.3 and a weekly change of -0.3 [1]

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Report's Core View - Not provided in the given content 3. Summary by Relevant Catalogs Spot Market - **Australian Mainstream Iron Ore**: Newman powder is priced at 791 with a daily change of 3 and a weekly change of 2, with an import profit of 18.04; PB powder is at 795, daily change 2, weekly change -4; Mac powder is at 789, daily change 0, weekly change -7, import profit 38.56; Jinbuba powder is at 748, daily change 2, weekly change -4, import profit 53.67; Mixed powder is at 726, daily change 1, weekly change -10, import profit 2.68; Super special powder is at 673, daily change 3, weekly change -1, import profit 2.25 [1] - **Brazilian Mainstream Iron Ore**: Brazilian mixed ore is at 823, daily change -1, weekly change -7, import profit 6.98; Brazilian coarse IOC6 is at 759, daily change 2, weekly change -4; Brazilian coarse SSFG is at 764, daily change 2, weekly change -4 [1] - **Other Iron Ores**: Ukrainian concentrate powder is at 875, daily change 3, weekly change 0; 61% Indian powder is at 737, daily change 2, weekly change -4; Karara concentrate powder is at 879, daily change 3, weekly change 0; Roy Hill powder is at 782, daily change 2, weekly change -4, import profit 61.68; KUMBA powder is at 854, daily change 2, weekly change -4; 57% Indian powder is at 608, daily change 3, weekly change -1; Atlas powder is at 721, daily change 1, weekly change -10; Tangshan iron concentrate powder is at 979, daily change -3, weekly change 8 [1] Futures Market - **DCE Contracts**: i2701 is at 757.0, daily change 2.0, weekly change 0.0, with a monthly spread of 12.5; i2605 is at 788.0, daily change 3.5, weekly change -1.5, monthly spread -31.0; i2609 is at 769.5, daily change 3.5, weekly change -2.0, monthly spread 18.5 [1] - **SGX Contracts**: FE01 is at 105.62, daily change -0.25, weekly change -0.47, monthly spread -3.40; FE05 is at 103.54, daily change -1.07, weekly change -1.06, monthly spread 2.08; FE09 is at 102.22, daily change -1.06, weekly change -1.05, monthly spread 1.32 [1]

1. Report Industry Investment Rating - No relevant content found 2. Core Viewpoints - No relevant content found 3. Summary by Categories Iron Ore Spot Information - Newman powder: latest price 798, daily change +7, weekly change -11, discounted to the futures price 854.2, import profit 18.11 [1] - PB powder: latest price 802, daily change +7, weekly change -17 [1] - Macfie powder: latest price 800, daily change +7, weekly change -12, discounted to the futures price 873.7, import profit 45.03 [1] - Jinbuba powder: latest price 755, daily change +7, weekly change -17, discounted to the futures price 848.4, import profit 45.28 [1] - Mixed powder: latest price 730, daily change +2, weekly change -24, discounted to the futures price 868.2, import profit -2.16 [1] - Super special powder: latest price 678, daily change +6, weekly change -10, discounted to the futures price 898.6, import profit -0.61 [1] - Carajás powder: latest price 887, daily change +7, weekly change -18, discounted to the futures price 821.2, import profit -14.06 [1] - Brazilian Blend: latest price 833, daily change +7, weekly change -17, discounted to the futures price 840.6, import profit 7.23 [1] - Brazilian coarse IOC6: latest price 766, daily change +7, weekly change -8 [1] - Brazilian coarse SSFG: latest price 771, daily change +7, weekly change -8 [1] - Ukrainian iron concentrate: latest price 878, daily change +6, weekly change -14 [1] - 61% Indian powder: latest price 744, daily change +7, weekly change -17 [1] - Karara iron concentrate: latest price 882, daily change +6, weekly change -14 [1] - Roy Hill powder: latest price 789, daily change +7, weekly change -17, discounted to the futures price 868.4, import profit 55.24 [1] - KUMBA powder: latest price 861, daily change +7, weekly change -17 [1] - 57% Indian powder: latest price 613, daily change +6, weekly change -10 [1] - Atlas powder: latest price 725, daily change +2, weekly change -24 [1] - Tangshan iron concentrate: latest price 982, daily change +6, weekly change +5 [1] Iron Ore Futures Information - i2701: latest price 764.5, daily change +7.5, weekly change -42.0, monthly spread 13.0, latest monthly spread value 56.7, daily change of spread +0.1, weekly change of spread +22.5 [1] - i2605: latest price 795.0, daily change +8.5, weekly change -17.0, monthly spread -30.5, latest monthly spread value 26.2, daily change of spread -0.9, weekly change of spread -2.5 [1] - i2609: latest price 777.5, daily change +8.0, weekly change -16.0, monthly spread 17.5, latest monthly spread value 43.7, daily change of spread -0.4, weekly change of spread -3.5 [1] - FE01: latest price 105.65, daily change +0.26, weekly change -1.74, monthly spread -3.38, latest monthly spread value -74.4, daily change of spread +2.6, weekly change of spread -60.6 [1] - FE05: latest price 103.66, daily change +0.37, weekly change -3.08, monthly spread 1.99, latest monthly spread value -29.2, daily change of spread -0.3, weekly change of spread -1.1 [1] - FE09: latest price 102.27, daily change +0.20, weekly change -3.08, monthly spread 1.39, latest monthly spread value -35.3, daily change of spread +1.6, weekly change of spread +0.9 [1]

1. Spot Market - Newman powder price is 794, with a daily change of -15 and a weekly change of -26, and the import profit is 15.88 [1] - PB powder price is 804, with a daily change of -15 and a weekly change of -24 [1] - Macfarlane powder price is 797, with a daily change of -15 and a weekly change of -33, and the import profit is 44.08 [1] - Jinbuba powder price is 757, with a daily change of -15 and a weekly change of -24, and the import profit is 55.89 [1] - Mixed powder price is 743, with a daily change of -11 and a weekly change of -22, and the import profit is 18.32 [1] - Super special powder price is 677, with a daily change of -11 and a weekly change of -28, and the import profit is 6.07 [1] - Carajás powder price is 879, with a daily change of -26 and a weekly change of -41, and the import profit is -13.27 [1] - Brazilian blend price is 835, with a daily change of -15 and a weekly change of -30, and the import profit is 14.44 [1] - IOC6 price is 768, with a daily change of -6 and a weekly change of -24 [1] - SSFG price is 773, with a daily change of -6 and a weekly change of -24 [1] - Ukrainian concentrate price is 879, with a daily change of -13 and a weekly change of -32 [1] - 61% Indian powder price is 746, with a daily change of -15 and a weekly change of -24 [1] - Karara concentrate price is 883, with a daily change of -13 and a weekly change of -28 [1] - Roy Hill powder price is 791, with a daily change of -15 and a weekly change of -24, and the import profit is 64.65 [1] - KUMBA powder price is 863, with a daily change of -15 and a weekly change of -24 [1] - 57% Indian powder price is 612, with a daily change of -11 and a weekly change of -28 [1] - Atlas powder price is 738, with a daily change of -11 and a weekly change of -22 [1] - Tangshan iron concentrate price is 971, with a daily change of -6 and a weekly change of -11 [1] 2. Futures Market - i2701 contract price is 762.5, with a daily change of -44.0 and a weekly change of -101.5, and the monthly spread is 14.0 [1] - i2605 contract price is 794.0, with a daily change of -18.0 and a weekly change of -28.5, and the monthly spread is -31.5 [1] - i2609 contract price is 776.5, with a daily change of -17.0 and a weekly change of -25.5, and the monthly spread is 17.5 [1] - FE01 contract price is 106.92, with a daily change of -0.47 and a weekly change of -1.42, and the monthly spread is -2.17 [1] - FE05 contract price is 106.03, with a daily change of -0.71 and a weekly change of -1.11, and the monthly spread is 0.89 [1] - FE09 contract price is 104.75, with a daily change of -0.60 and a weekly change of -0.44, and the monthly spread is 1.28 [1]

Group 1: Spot Market Data - Newman powder price is 809, with a daily change of -1 and a weekly change of -5, and the import profit is 19.32 [1] - PB powder price is 819, with a daily change of -1 and a weekly change of -3 [1] - Macfarlane powder price is 812, with a daily change of -1 and a weekly change of -12, and the import profit is 47.16 [1] - Jinbuba powder price is 772, with a daily change of -1 and a weekly change of -3, and the import profit is 55.23 [1] - Mixed powder price is 754, with a daily change of -1 and a weekly change of -2, and the import profit is 13.74 [1] - Super special powder price is 688, with a daily change of -5 and a weekly change of -13, and the import profit is 2.12 [1] - Carajás powder price is 905, with a daily change of -1 and a weekly change of -10, and the import profit is -1.75 [1] - Brazilian mixed powder price is 850, with a daily change of -1 and a weekly change of -13, and the import profit is 13.32 [1] - Brazilian coarse IOC6 price is 774, with a daily change of -1 and a weekly change of -12 [1] - Brazilian coarse SSFG price is 779, with a daily change of -1 and a weekly change of -12 [1] - Ukrainian concentrate price is 892, with a daily change of -1 and a weekly change of -15 [1] - 61% Indian powder price is 761, with a daily change of -1 and a weekly change of -3 [1] - Karara concentrate price is 896, with a daily change of -1 and a weekly change of -11 [1] - Roy Hill powder price is 806, with a daily change of -1 and a weekly change of -3, and the import profit is 65.68 [1] - KUMBA powder price is 878, with a daily change of -1 and a weekly change of -3 [1] - 57% Indian powder price is 623, with a daily change of -5 and a weekly change of -13 [1] - Atlas powder price is 749, with a daily change of -1 and a weekly change of -2 [1] - Tangshan iron concentrate price is 977, with a daily change of 0 and a weekly change of 1 [1] Group 2: Futures Market Data - i2601 contract price is 806.5, with a daily change of -26.0 and a weekly change of -45.5, and the monthly spread is -13.0 [1] - i2605 contract price is 812.0, with a daily change of -1.0 and a weekly change of -2.5, and the monthly spread is -5.5 [1] - i2609 contract price is 793.5, with a daily change of -0.5 and a weekly change of 0.5, and the monthly spread is 18.5 [1] - FE01 contract price is 107.39, with a daily change of -0.61 and a weekly change of -0.46, and the monthly spread is -2.04 [1] - FE05 contract price is 106.74, with a daily change of -0.75 and a weekly change of -0.02, and the monthly spread is 0.65 [1] - FE09 contract price is 105.35, with a daily change of -0.48 and a weekly change of 0.51, and the monthly spread is 1.39 [1]

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - No relevant information provided 3. Summary by Related Catalogs 3.1 Spot Market - Newman powder price is 810, down 8 daily and 3 weekly, with a discounted futures price of 867.2, and an import profit of 16.20 [1] - PB powder price is 820, down 7 daily and 1 weekly, with a discounted futures price of 874.2 [1] - Macfarlane powder price is 813, down 7 daily and 10 weekly, with a discounted futures price of 887.9, and an import profit of 43.45 [1] - Jinbuba powder price is 773, down 7 daily and 1 weekly, with a discounted futures price of 867.8, and an import profit of 54.83 [1] - Mixed powder price is 755, down 2 daily and up 5 weekly, with a discounted futures price of 895.2, and an import profit of 11.15 [1] - Ultra-special powder price is 693, down 9 daily and 7 weekly, with a discounted futures price of 915.0, and an import profit of 3.97 [1] - Carajás powder price is 906, down 3 daily and 7 weekly, with a discounted futures price of 841.8, and an import profit of -5.23 [1] - Brazilian mixed powder price is 851, down 7 daily and 11 weekly, with a discounted futures price of 860.2, and an import profit of 9.87 [1] - Brazilian coarse IOC6 price is 775, down 12 daily and 10 weekly, with a discounted futures price of 850.1 [1] - Brazilian coarse SSFG price is 780, down 12 daily and 10 weekly [1] - Ukrainian concentrate price is 893, down 8 daily and 12 weekly, with a discounted futures price of 994.9 [1] - 61% Indian powder price is 762, down 7 daily and 1 weekly [1] - Karara concentrate price is 897, down 8 daily and 8 weekly, with a discounted futures price of 919.4 [1] - Roy Hill powder price is 807, down 7 daily and 1 weekly, with a discounted futures price of 888.2, and an import profit of 65.64 [1] - KUMBA powder price is 879, down 7 daily and 1 weekly, with a discounted futures price of 859.3 [1] - 57% Indian powder price is 628, down 9 daily and 7 weekly [1] - Atlas powder price is 750, down 2 daily and up 5 weekly [1] - Tangshan iron concentrate price is 977, down 5 daily and 5 weekly, with a discounted futures price of 864.0 [1] 3.2 Futures Market - i2601 contract price is 832.5, unchanged daily and down 25.5 weekly, with an inter - monthly price difference of -38.5, and a change of 9.3 daily, -3.2 weekly, and 17.9 monthly [1] - i2605 contract price is 813.0, down 8 daily and unchanged weekly, with an inter - monthly price difference of 19.5, and a change of 28.8 daily, 4.8 weekly, and -7.6 monthly [1] - i2609 contract price is 794.0, down 5 daily and up 2 weekly, with an inter - monthly price difference of 19.0, and a change of 47.8 daily, 1.8 weekly, and -9.6 monthly [1] - FE01 contract price is 108.00, down 0.19 daily and 0.85 weekly, with an inter - monthly price difference of -2.17, and a change of -19.1 daily, 3.6 weekly, and 2.1 monthly [1] - FE05 contract price is 107.49, up 0.08 daily and down 0.46 weekly, with an inter - monthly price difference of 0.51, and a change of -26.6 daily, 0.5 weekly, and -1.5 monthly [1] - FE09 contract price is 105.83, up 0.19 daily and down 0.18 weekly, with an inter - monthly price difference of 1.66, and a change of -35.5 daily, -0.9 weekly, and -2.2 monthly [1]