Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints of the Report - The short - term view of Iron Ore 2509 is weak and volatile, the medium - term view is volatile, and the intraday view is also weak and volatile. Attention should be paid to the pressure at the MA5 line, and the core logic is the concern of demand reaching the peak, which puts pressure on the ore price [2] - The supply - demand pattern of iron ore has weakened. Although the steel mill production is stable and the ore demand is at a high level, the poor performance of steel prices and the hidden worries of steel demand lead to concerns about the peak of ore demand. Meanwhile, the supply of iron ore has returned to a high level, so the ore price is under pressure and runs weakly, and attention should be paid to the performance of finished products [3] Group 3: Summary by Related Catalogs Variety Viewpoint Reference - For Iron Ore 2509, the short - term is weak and volatile, the medium - term is volatile, and the intraday is weak and volatile. The view is to pay attention to the pressure at the MA5 line, with the core logic of demand reaching the peak concern and the ore price under pressure [2] Market Driving Logic - The supply - demand situation of iron ore has weakened. The steel mill production is stable, and the ore demand is at a high level, which supports the ore price. However, the poor steel price and the hidden worries of steel demand lead to concerns about the peak of ore demand, and the positive effect is weakening. Overseas miners are actively shipping, the domestic ore supply is stable, the iron ore supply has returned to a high level, and there is still an expectation of increase. Overall, the fundamentals of iron ore are weakening, and the ore price is under pressure and runs weakly, and attention should be paid to the performance of finished products [3]
宝城期货铁矿石早报-20250509
Bao Cheng Qi Huo·2025-05-09 01:43