Supply - Global shipments increased by 3.188 million tons to 33.478 million tons this week [1] - Total iron ore shipments from Australia and Brazil reached 27.061 million tons, up by 2.836 million tons [1] - Australian shipments were 18.278 million tons, an increase of 0.305 million tons, with shipments to China decreasing by 0.149 million tons to 15.790 million tons [1] - Brazilian shipments were 8.783 million tons, up by 2.531 million tons [1] - Port arrivals totaled 22.713 million tons, down by 0.833 million tons [1] Demand - Daily molten iron production averaged 2.436 million tons, down by 0.017 million tons [1] - Blast furnace operating rate was 83.69%, a decrease of 0.46% [1] - Blast furnace ironmaking capacity utilization rate was 91.32%, down by 0.44 percentage points [1] - Steel mill profit margin was 59.74%, an increase of 0.43% [1] Inventory - As of May 22, total inventory at 45 ports was 139.8783 million tons, down by 1.7826 million tons [1] - Steel mills primarily conducted routine maintenance, maintaining high average port throughput, with inventory decline mainly due to a decrease in arrivals [1] - Steel mills' imported ore inventory decreased by 3.568 million tons to 89.2548 million tons, with daily consumption slightly down [1] Market Outlook - Global iron ore shipments saw significant growth, while domestic arrivals declined, with expectations for continued supply growth from Australian mines [2] - Daily molten iron production decreased, but port throughput remained high, with inventory levels slightly decreasing [2] - The overall market for finished steel products showed mixed signals, with hot-rolled and rebar demand declining, while wire rod demand increased [2] - The future of iron ore prices will depend on terminal demand for finished steel and export dynamics, with expectations for increased supply pressure in the coming months [2]
铁矿石期货周报：铁水高位回落 盘面延续震荡格局
Jin Tou Wang·2025-05-26 02:03