宝城期货铁矿石早报-20250522

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 short - term, medium - term, and intraday trends of iron ore 2509 are expected to be oscillatory, with an intraday bias towards strength. Attention should be paid to the support at the MA10 line, as the current situation is fair and the ore price is relatively strong [2]. - The supply - demand pattern of iron ore has changed. Steel mill production is weakening, ore demand is falling from a high level, and steel demand is seasonally weakening. The latest miner shipments have rebounded significantly, and domestic ore production is active, so supply pressure is large. The ore price is under pressure, but due to high - level demand and deep futures price discounts, the downward resistance is large. The price operation logic switches between strong reality and weak expectation, and the trend is expected to be oscillatory. Attention should be paid to the change in molten iron [3]. Group 3: Summary by Relevant Catalogs Variety Viewpoint Reference - For iron ore 2509, the short - term and medium - term trends are oscillatory, and the intraday trend is oscillatory with a bias towards strength. The view is to pay attention to the support at the MA10 line, and the core logic is that the current situation is fair and the ore price is relatively strong [2]. Market Driving Logic - The supply - demand pattern of iron ore has changed. Steel mill production is weakening, ore demand is falling from a high level, and steel demand is seasonally weakening. The latest miner shipments have rebounded significantly to the second - highest weekly level this year, and domestic ore production is active. The ore price is under pressure, but due to high - level demand and deep futures price discounts, the downward resistance is large. The price operation logic switches between strong reality and weak expectation, and the trend is expected to be oscillatory. Attention should be paid to the change in molten iron [3].