Report Summary 1. Report Industry Investment Rating - Not provided 2. Core View of the Report - The supply - demand pattern of iron ore is relatively good. Steel mills are actively producing, and the terminal consumption of ore is rising at a high level. This week, the average daily hot metal output and imported ore consumption of sample steel mills increased again week - on - week, both hitting new highs for the year. With pre - holiday stockpiling, ore demand is strong, supporting the relatively strong operation of ore prices. However, steel profits are shrinking recently, and steel prices are not performing well, so there are doubts about whether high demand can be maintained. Domestic port arrivals have declined, while overseas miners' shipments are stable. The overseas ore supply is stable, and domestic ore production is weakening. In the short term, the ore supply is weakly stable. With high demand and pre - holiday stockpiling, ore demand is strong, but the expectation of supply increase remains, and there are concerns about demand reaching a peak. The fundamental expectation is weakening, and the upward driving force is not strong. Under the game of multiple factors, it is expected that ore prices will continue to fluctuate at a low level, and attention should be paid to the performance of finished steel products [2] 3. Summary by Related Catalogs Inventory - The inventory of iron ore at 45 ports is 14,261.00, with a week - on - week increase of 205.00, a decrease of 259.40 compared with the end of last month, and a decrease of 498.11 compared with the same period last year. The imported ore inventory of 247 steel mills is 9,073.03, with a week - on - week increase of 20.11, a decrease of 37.42 compared with the end of last month, and a decrease of 306.90 compared with the same period last year [1] Supply - The arrival volume of iron ore at 45 ports is 2,325.30, a week - on - week decrease of 200.20, a decrease of 185.30 compared with last month, and a decrease of 63.50 compared with the same period last year. The global 19 - port iron ore shipment volume is 2,925.50, a week - on - week increase of 17.80, a decrease of 159.20 compared with last month, and a decrease of 84.80 compared with the same period last year. The domestic port arrivals have declined, while overseas miners' shipments are stable. According to the shipping schedule, the domestic port arrival volume is expected to increase steadily, and the overseas ore supply is stable. Domestic ore production is weakening, and the short - term ore supply is weakly stable [1][2] Demand - The average daily hot metal output of 247 steel mills is 244.35, a week - on - week increase of 4.23, an increase of 7.07 compared with last month, and an increase of 15.63 compared with the same period last year. The average daily consumption of imported ore of 247 steel mills is 301.39, a week - on - week increase of 3.29, an increase of 7.89 compared with last month, and an increase of 21.92 compared with the same period last year. The average weekly value of iron ore transactions at main ports is 107.68, a week - on - week increase of 6.12, a decrease of 0.78 compared with last month, and an increase of 1.34 compared with the same period last year. The average daily hot metal output and imported ore consumption of sample steel mills increased again week - on - week, both hitting new highs for the year. With pre - holiday stockpiling, ore demand is strong, but there are doubts about whether high demand can be maintained due to shrinking steel profits and poor steel prices [1][2]
宝城期货铁矿石周度数据-20250425
Bao Cheng Qi Huo·2025-04-25 01:42