Core Viewpoint - The iron ore market is experiencing fluctuations, with a slight increase in supply and a mixed demand outlook, leading to expectations of high-level oscillations in iron ore prices [7] Supply - Global iron ore shipments increased to 35.164 million tons, up by 4.774 million tons week-on-week, while the port arrival volume decreased to 22.689 million tons, down by 4.723 million tons [5] - The September import volume for the country reached 116.326 million tons, an increase of 1.101 million tons month-on-month [5] Demand - As of November 19, the average daily pig iron production was 2.3688 million tons, an increase of 26,600 tons week-on-week; the blast furnace operating rate was 82.81%, down by 0.32%; and the steel mill profit margin was 38.96%, down by 0.87% [4] - The daily consumption of imported ore was 2.9263 million tons, an increase of 39,300 tons week-on-week [4] Inventory - As of November 19, port inventory saw a slight decrease, with an average daily dispatch volume increasing week-on-week; however, steel mills' imported ore inventory rose by 661,000 tons [6] - The total inventory at 45 ports was 151.1445 million tons, down by 153,000 tons [6] Market Dynamics - The iron ore futures market showed volatility, with the main contract closing at 791.5 yuan per ton, down by 0.5 yuan (-0.06%) [2] - The basis for optimal delivery products such as lump ore and PB ore showed variances, with PB ore at 843.6 yuan per ton [3]
铁矿石：发运回升 到港下降 港存微降 铁水回升 铁矿震荡运行
Jin Tou Wang·2025-11-20 03:05