宝城期货铁矿石早报-20250605

Group 1: Report Industry Investment Rating - No relevant content found Group 2: Core Viewpoints of the Report - The iron ore market shows a weak and stable operation, with the price continuing to fluctuate. The short - term, medium - term, and intraday trends of iron ore 2509 are respectively "oscillation", "oscillation", and "weak oscillation". Attention should be paid to the support at the MA5 line [1]. - The iron ore fundamentals are relatively stable. The steel mill production is weakening, and the ore demand is falling from a high level with room for further reduction in the off - season. The port arrivals and overseas miners' shipments are rising, and the overseas ore supply remains high. The domestic ore production decline due to inspections is not sustainable. The supply - strong and demand - weak situation makes the iron ore fundamentals weak and stable, and the price is under pressure. However, due to the large futures price discount, there is resistance to downward movement. The price maintains a low - level oscillation, and attention should be paid to the performance of finished products [2]. Group 3: Summary by Related Catalogs Variety Viewpoint Reference - For iron ore 2509, the short - term view is oscillation, the medium - term view is oscillation, and the intraday view is weak oscillation. The reference view is to pay attention to the support at the MA5 line, and the core logic is that the fundamentals are weak and stable, and the ore price continues to oscillate [1]. Market Driving Logic - The iron ore fundamentals are relatively stable. Steel mill production is weakening, and ore demand is falling from a high level. There is still room for reduction in the off - season, but the current decline is not large, which supports the ore price. Port arrivals and overseas miners' shipments are rising, and the overseas ore supply remains high. The domestic ore production decline due to inspections is not sustainable. The supply - strong and demand - weak situation makes the fundamentals weak and stable, and the price is under pressure. Due to the large futures price discount, there is resistance to downward movement. The price maintains a low - level oscillation, and attention should be paid to the performance of finished products [2].