【期货盯盘神器专属文章】分析师指出，X美元/吨被视为非主流矿与高成本内矿的核心成本支撑线。高耸的港口库存和微薄的吨钢利润，或将牢牢锁死铁矿石价格反弹空间？

BofA Securities raised its H‑share target for Agricultural Bank of China (01288.HK) to HK$7.44 and maintained a buy rating, citing strong earnings momentum and a relatively attractive dividend yield. It raised 2026–28 earnings forecasts by about 1%. Q3 NIM eased 3bps q/q to 1.28%; net interest income fell 0.5% q/q. Loans rose 7.9% YoY. 9M net fee income fell 10.4% YoY, while other investment income jumped 61% YoY—partly from equity revaluation gains—and accounted for roughly 44% of the YoY revenue increase. 9M revenue rose 12.5% YoY; cost-to-income fell 1.7ppt YoY to 29.5%. NPL ratio edged down 2bps q/q to 1.23%; coverage remained high at 289%. CET1 rose 10bps q/q to 10.9%; 9M ROE improved 0.3ppt YoY to 10.7%.

The State Administration for Market Regulation said the China Enterprise Credit Index was 160.62 in Q3, with September at 161.66. National enterprise credit levels fluctuated within a stable range. The Q3 reading was 1.10 points lower than Q2; September rose 0.34 points from August. After a phased intra-quarter dip, enterprise credit stabilized and firmed at quarter-end.