Group 1 - Iron ore futures experienced a slight decline, with PB powder port spot prices at 775 CNY/ton and super special powder at 675 CNY/ton [1] - On November 11, 2025, the main iron ore futures contract closed at 763.0 CNY/ton, with a daily increase of 0.20%, reaching a high of 767.0 CNY/ton and a low of 759.0 CNY/ton, with a trading volume of 262,391 contracts [1] Group 2 - CSN, a Brazilian steel and mining group, reported third-quarter iron ore production of 11.928 million tons, a quarter-on-quarter increase of 2.8% and a year-on-year increase of 4.3%, with sales reaching 12.396 million tons, up 4.8% quarter-on-quarter and 4.3% year-on-year [3] - From November 3 to November 9, 2025, the total iron ore inventory at seven major ports in Australia and Brazil was 12.626 million tons, an increase of 458,000 tons from the previous period, indicating a slight accumulation trend, with current inventory levels slightly below the median for the second half of the year [3] Group 3 - According to Guotou Anxin Futures research report, global iron ore shipments have decreased compared to the previous period but remain slightly above last year's levels, with both Australian and Brazilian shipments declining [4] - Domestic arrivals have significantly decreased but are still at high levels compared to the same period last year, while steel demand has weakened during the off-season, leading to increased losses for steel mills and continued production cuts [4] - The macroeconomic factors affecting the market are weakening, and the market is beginning to reflect the reality of marginal easing in iron ore, with expectations of a primarily fluctuating trend in iron ore prices [4]
淡季需求下滑 预计铁矿石走势震荡为主
Jin Tou Wang·2025-11-11 08:45