宝城期货铁矿石早报-20250515

Group 1: Report Industry Investment Rating - There is no information about the report industry investment rating in the provided content. Group 2: Core Viewpoints of the Report - The iron ore 2509 contract is expected to be oscillating and slightly stronger in the short - term and intraday, and oscillating in the medium - term. Attention should be paid to the support at the MA60 line, with the repair of the discount supporting the relatively strong operation of the ore price [1]. - Due to the recovery of market sentiment, the ore price leads the industry chain under the logic of discount repair and maintains a relatively strong short - term operation. However, as demand is approaching its peak and supply remains high, the fundamentals have not improved, the upward driving force is weak, and caution should be exercised when the price is high [2]. Group 3: Summary by Related Content Variety Viewpoint Reference - For the iron ore 2509 contract, the short - term view is oscillating and slightly stronger, the medium - term view is oscillating, and the intraday view is oscillating and slightly stronger. The core logic is that the repair of the discount supports the relatively strong operation of the ore price, and attention should be paid to the support at the MA60 line [1]. Market Driving Logic - The supply - demand pattern of iron ore is stable. Steel mill production is stabilizing, and ore demand remains high, which supports the ore price. But the steel market is facing seasonal weakness, and ore demand may reach its peak, so the positive effect is not strong. Port arrivals and overseas miners' shipments are continuously declining slightly, while domestic ore production is active, and ore supply remains high. The ore price leads the industry chain under the logic of discount repair due to the recovery of market sentiment, but the upward driving force is weak [2].