News Summary Core Viewpoint - The iron ore market is experiencing strong supply and demand dynamics, with expectations of continued price support due to declining inventory levels and high production rates in steel mills [2][3]. Group 1: Inventory and Supply - As of May 19, China's iron ore inventory at 47 ports totaled 146.2763 million tons, a decrease of 2.5825 million tons from the previous week [1] - The inventory at 45 ports was 140.5563 million tons, down by 2.8525 million tons [1] - During the period from May 12 to May 18, iron ore inventory at seven major ports in Australia and Brazil increased to 13.763 million tons, up by 0.696 million tons [1] - The total iron ore shipments from Australia and Brazil during the same period reached 27.061 million tons, an increase of 2.836 million tons [1] - China's iron ore arrivals at 45 ports totaled 22.713 million tons, a decrease of 0.833 million tons [1] Group 2: Market Dynamics - Demand for iron ore remains robust due to improved profitability in steel mills and the ongoing production peak season, maintaining high levels of iron output [2] - The supply side has seen a significant rebound in overseas mining shipments, with a notable year-on-year increase, indicating a high supply level [2] - Continuous decline in port and steel mill iron ore inventories is alleviating inventory pressure [2] - Despite the current high iron output, there is a consensus that a decline in production is likely, leading to market uncertainty regarding the path of this decline [3] - The second quarter is traditionally a peak season for iron ore shipments, suggesting potential increases in both shipment and arrival volumes [3]
供给处于较高水平 铁矿石中期维持逢高沽空思路
Jin Tou Wang·2025-05-20 07:17