Group 1 - The spot price of iron ore at Qingdao Port is reported at 787 CNY/ton for 61.5% PB powder, with a basis of 9 CNY/ton [1] - On December 18, the futures market closed with the main iron ore contract at 777.5 CNY/ton, reflecting a 1.63% increase, with a trading volume of 322,377 lots [1] - Nationally, the total iron ore transaction at major ports reached 831,000 tons, a decrease of 18.05% compared to the previous period [3] Group 2 - The Brazilian government of Amapá plans to restart iron ore production at the Amapá project, potentially attracting up to 200 million USD in investment [3] - Cadence has raised 600,000 USD on the London Stock Exchange to resume operations at the Aztec small mine, which is expected to produce 380,000 to 400,000 tons of iron concentrate annually [3] Group 3 - According to Nanhua Futures, the trading logic for iron ore has returned to fundamentals, with supply constraints from major mining companies and low steel mill inventories indicating a need for restocking [4] - Despite a seasonal decline in pig iron production, a recovery is expected in January, while rebar and hot-rolled coil production has decreased more than seasonally, alleviating inventory pressure [4] - The high production levels and accumulation of coking coal inventories are providing downward price support for iron ore [4]
钢厂仍存在补库需求 铁矿石价格下方空间预计有限
Jin Tou Wang·2025-12-18 08:49