Core Viewpoint - The iron ore market is experiencing fluctuations with a slight increase in spot prices and futures contracts, while demand shows signs of decline due to maintenance and production restrictions in steel mills [1][2][4][7]. Supply - Global iron ore shipments decreased by 78,000 tons week-on-week, totaling 29.87 million tons, while port arrivals increased by 1.78 million tons to 26.62 million tons [5]. Demand - Daily molten iron production averaged 2.3981 million tons, down by 10,400 tons week-on-week, with a blast furnace operating rate of 83.15%, a decrease of 0.31% [4]. Inventory - Port inventory saw a slight decrease, with an average daily dispatch volume increasing by 2,200 tons week-on-week. As of July 15, port inventory stood at 137.23 million tons, down by 428,000 tons, while steel mills' imported ore inventory rose by 610,000 tons to 89.80 million tons [6]. Market Outlook - The iron ore market is expected to maintain a downward trend in July, with average daily molten iron production projected to remain around 2.38 million tons. Despite seasonal demand weakening, strong steel exports are providing some support [7].
铁矿石：黑色情绪好转 发运回落钢厂补库有支撑
Jin Tou Wang·2025-07-16 02:08