Core Viewpoint - The iron ore market is experiencing a slight recovery in demand and supply dynamics, with a notable increase in global shipments and a decrease in port arrivals, indicating a potential tightening of the market [7]. Supply - Global iron ore shipments have significantly increased, reaching 35.731 million tons, up by 8.169 million tons week-on-week [5]. - Port arrivals have decreased to 23.623 million tons, down by 0.857 million tons week-on-week, primarily due to the recovery of shipments from Brazilian ports [5][7]. Demand - Daily average iron and steel production has risen to 2.4055 million tons, an increase of 117,100 tons week-on-week [4]. - The operating rate of blast furnaces is at 83.83%, up by 3.43% week-on-week, while the capacity utilization rate is at 90.18%, up by 4.39% week-on-week [4]. - Steel mill profit margins have slightly decreased to 60.17%, down by 0.87% week-on-week [4]. Inventory - Port inventory has seen a slight decrease, with a total of 138.4947 million tons, down by 0.02 million tons [6]. - The average daily dispatch from ports has increased to 3.3128 million tons, up by 0.135 million tons week-on-week [6]. - Steel mill imported ore inventory has increased to 89.9305 million tons, up by 5.318 million tons week-on-week [6]. Market Outlook - The iron ore 2601 contract has shown a fluctuating upward trend, with a closing price of 803.5 yuan/ton, up by 7.5 yuan (+0.94%) [2][7]. - The market is expected to remain tight, with a suggested trading range of 780-850 yuan/ton for the iron ore 2601 contract, and a recommendation to buy on dips [7].
铁矿石：发运恢复 铁水回升 补库需求支撑铁矿价格偏强运行
Jin Tou Wang·2025-09-17 03:09