宝城期货铁矿石早报-2025-04-02

Report Summary 1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Core View of the Report - The subsequent trend of iron ore prices is cautiously optimistic, and attention should be paid to the performance of finished steel products. The market sentiment has warmed up, and the prices of ferrous metals have risen collectively. The high - elasticity iron ore prices have increased significantly. The supply - demand pattern of iron ore is relatively good, with strong demand from steel mills, but there is a need to guard against the implementation of steel market supply - constraint policies. The supply of iron ore remains at a relatively high level, and the improvement of the fundamentals is limited, with weak upward driving force [3]. 3. Summary by Relevant Catalogs 3.1 Variety View Reference - For the iron ore 2509 contract, the short - term and medium - term trends are expected to be volatile, and the intraday trend is expected to be weakly volatile. Attention should be paid to the support at the MA5 line. The core logic is that the market sentiment has warmed up, leading to a strengthening of ore prices [2]. 3.2 Market Driving Logic - Market sentiment has warmed up, and ferrous metals have risen collectively. The supply - demand pattern of iron ore is relatively good. Steel mills have good profits and are actively producing during the peak season, resulting in strong ore demand, which supports the ore price. However, there is a need to guard against the implementation of steel market supply - constraint policies. The port arrivals have continued to decline, but overseas miners' production has reached a high level, and subsequent arrivals are expected to increase according to shipping schedules. The supply of foreign and domestic ores is stable, and the supply side remains at a relatively high level. In the situation of increasing supply and demand, the improvement of the iron ore fundamentals is limited, and the upward driving force is weak [3].