Core Viewpoint - Iron ore futures experienced a slight pullback, with current spot prices for PB powder at 770 CNY/ton and super special powder at 645 CNY/ton [1] Group 1: Market Prices - As of August 21, 2025, iron ore spot prices at various ports are as follows: Jiangyin Port at 748 CNY/ton, Caofeidian Port at 743 CNY/ton, Tianjin Port at 726 CNY/ton, and Qingdao Port at 743 CNY/ton [1] - The main iron ore futures contract closed at 772.5 CNY/ton, with a daily increase of 0.98%, reaching a high of 780.0 CNY/ton and a low of 770.0 CNY/ton during the trading session [1] Group 2: Trading Volume and Activity - On August 20, the total iron ore transaction volume at major national ports reached 1.19 million tons, reflecting a week-on-week increase of 3.48% [3] - The Dalian Commodity Exchange reported a decrease in iron ore futures warehouse receipts by 500 contracts to 2,000 contracts compared to the previous trading day [3] Group 3: Supply and Demand Analysis - According to Hualian Futures research, global iron ore shipments increased significantly by 3.599 million tons to 34.066 million tons, with port arrivals also rising by 947,000 tons to 24.766 million tons [4] - Daily average pig iron production increased by 3,400 tons to 2.4066 million tons, indicating strong resilience in demand, while port inventories have shown a slight increase [4] - Overall, the iron ore market fundamentals appear stable, with high pig iron production and resilient demand providing strong support for iron ore prices, leading to expectations of short-term price fluctuations within a range [4]
需求有较强韧性 预计短期铁矿石维持区间震荡
Jin Tou Wang·2025-08-21 08:33