RIZHAO PORT(SH:600017) Jin Tou Wang·2025-07-25 02:11Core Viewpoint - The iron ore market is experiencing fluctuations with a slight increase in global shipments and a decrease in port arrivals, while steel mills maintain high production levels and profitability, indicating a resilient demand despite seasonal trends [7]. Supply - Global shipments of iron ore increased to 31.09 million tons, up by 1.22 million tons week-on-week, while port arrivals decreased to 23.71 million tons, down by 2.91 million tons [5]. - Monthly national imports reached 105.948 million tons, an increase of 7.82 million tons compared to the previous month [5]. Demand - Daily iron water production averaged 2.4244 million tons, an increase of 26,300 tons week-on-week, with a blast furnace operating rate of 83.46%, up by 0.31% [4]. - The profitability of steel mills stands at 60.17%, reflecting a 0.43% increase, indicating strong financial performance [4]. Inventory - Port inventory saw a slight increase, with total inventory at 137.9038 million tons, up by 51,700 tons week-on-week [6]. - The average daily dispatch volume from ports decreased to 3.1515 million tons, down by 75,900 tons [6]. - Steel mills' imported ore inventory rose to 88.8522 million tons, an increase of 630,600 tons [6]. Market Outlook - The iron ore market is expected to maintain high production levels in July, averaging around 2.4 million tons per day, supported by improved steel mill profitability [7]. - The Ministry of Industry and Information Technology is set to introduce new policies aimed at stabilizing growth in key industries, which may influence supply-side dynamics [7]. - Short-term iron ore prices are anticipated to fluctuate, with recommendations for traders to gradually take profits on long positions and consider arbitrage strategies [7].