宝城期货铁矿石周度数据-20250523

1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The supply - demand situation of iron ore has changed. Steel mill production is weakening, and terminal ore consumption is continuously declining. Although the current demand is still at a relatively high level this year, the traditional off - season of the steel market is coming, and high - level molten iron production cannot be sustained, so demand will continue to decline. On the supply side, while domestic port arrivals are falling and port inventories are being well reduced, overseas miners' shipments have increased significantly. Domestic mines are also actively producing, so the supply pressure is still large. In general, the iron ore market is facing a situation of strong supply and weak demand, and the fundamentals are weakening. However, due to the high - level demand and the deep discount of futures prices, the downward resistance is large. It is expected that the operation logic of the iron ore market will switch between strong reality and weak expectations, and the subsequent trend will continue to fluctuate. Attention should be paid to the decline in molten iron production [1] 3. Summary According to the Directory Inventory - 45 - port iron ore inventory is 13,987.83, a week - on - week decrease of 178.26, a decrease of 273.17 compared with the end of last month, and a decrease of 867.49 compared with the same period [2] - 247 steel mills' imported ore inventory is 8,925.48, a week - on - week decrease of 35.68, a decrease of 147.55 compared with the end of last month, and a decrease of 413.45 compared with the same period [2] Supply - 45 - port iron ore arrivals are 2,271.30, a week - on - week decrease of 83.30, a decrease of 54.00 compared with last month, and a decrease of 575.80 compared with the same period [2] - Global 19 - port iron ore shipments are 3,347.80, a week - on - week increase of 318.80, an increase of 422.30 compared with last month, and an increase of 279.10 compared with the same period [2] Demand - 247 steel mills' daily average molten iron production is 243.60, a week - on - week decrease of 1.17, a decrease of 0.75 compared with last month, and an increase of 6.80 compared with the same period [2] - 45 - port daily average port clearance volume is 327.09, a week - on - week increase of 3.20, a decrease of 0.83 compared with last month, and an increase of 28.13 compared with the same period [2] - 247 steel mills' daily imported ore consumption is 301.87, a week - on - week decrease of 1.04, an increase of 0.48 compared with last month, and an increase of 12.42 compared with the same period [2] - The weekly average of main - port iron ore transactions is 90.23, a week - on - week decrease of 5.65, a decrease of 15.87 compared with last month, and an increase of 1.79 compared with the same period [2]