RIZHAO PORT(SH:600017) Jin Tou Wang·2025-08-08 07:04Market Review - On Thursday evening, iron ore futures for the 2601 contract rose by 0.26%, closing at 775 CNY/ton [1] Fundamental Summary - In July, China's iron ore imports totaled 104.62 million tons, a month-on-month decrease of 1.3%, slightly down from the six-month high of 105.95 million tons in June [2] - As of August 8, the total iron ore inventory at 45 national ports was 137.12 million tons, an increase of 543,700 tons from the previous period; the average daily port discharge volume was 3.2185 million tons, up by 191,400 tons [2] - On Thursday, the spot trading volume of iron ore at ports was 1.08 million tons, with the price of PB powder at Rizhao Port quoted at 776 CNY (-4) per ton, and super special powder at 650 CNY (-2) per ton; the price difference between high and low-grade PB powder and super special powder was 126 CNY per ton [2] Institutional Perspectives - Donghai Futures noted that iron and steel production has declined for two consecutive weeks, and with weak demand, production is expected to decrease further; rumors of production restrictions in northern regions may weaken ore demand [3] - The supply side saw a month-on-month decrease of 1.39 million tons in global iron ore shipments, but due to a three-week increase in late July shipments, the iron ore arrival volume this week rose by 2.673 million tons [3] - CICC Wealth Futures indicated that the current supply-demand structure is stable, and with steel production restrictions not yet implemented, iron ore is expected to maintain a range-bound fluctuation in the short term [3]