News Summary Core Viewpoint - The Dalian Commodity Exchange has announced adjustments to iron ore futures contracts, including a price limit of 11% and a margin level of 13%, effective from September 29, 2025 [1]. Market Activity - On September 24, the total iron ore transactions at major ports in the country reached 1.55 million tons, a decrease of 13.46% compared to the previous period; forward spot transactions amounted to 650,000 tons [1]. - The global iron ore shipment volume decreased by 2.48 million tons to 33.248 million tons, although it remains at one of the highest levels for this time of year in recent years [2]. - Iron ore arrivals at 47 ports increased by 3.581 million tons to 27.504 million tons, marking a two-month high [2]. Supply and Production Insights - The National Industrial and Mining Company of Mauritania (SNIM) plans to increase its annual iron ore production to 45 million tons by 2031, supported by the discovery of a new high-quality hematite deposit with an estimated resource of 50 million tons [1]. - Steel mills are showing signs of gradual resumption of production, which is expected to maintain high levels of iron output [3]. - There is an expectation for steel mills to begin restocking as the National Day holiday approaches, which may support raw material prices [3].
节前有补库预期 铁矿石仍处于高位宽幅震荡区间
Jin Tou Wang·2025-09-25 06:09