宝城期货铁矿石周度数据-20250606

1. Report's Industry Investment Rating - Not provided 2. Core View of the Report - The supply - demand pattern of iron ore is relatively stable. Ore terminal consumption is weakly stable. This week, the average daily hot metal output of sample steel mills decreased slightly week - on - week, while the daily consumption of imported ore increased slightly. Both remained at relatively high levels, supporting the ore price. However, due to the weakening of steel mill production in the off - season, ore demand will still decline, and the positive effect is not strong. Meanwhile, the arrival of domestic ports continues to rise, the overseas miners' shipments have increased to the highest level of the year, and there is an expectation of miners' volume - rushing at the end of the fiscal year, so overseas ore supply will remain high. Although domestic mine production has decreased due to inspections, it is not sustainable, and the overall ore supply pressure is still large. In conclusion, the supply - demand pattern of iron ore has not changed much. Demand remains high but has a weakening expectation, and the positive effect is not strong. On the contrary, miners are active in shipping at the end of the fiscal year, and the supply pressure is large. The fundamentals of the ore will weaken under the situation of strong supply and weak demand, and the ore price will be under pressure. The relatively positive factors are the deep discount of the futures price and the warming of market sentiment. Under the logic of discount repair, the downward resistance is large. In the short term, the positive factors will dominate, and the ore price may fluctuate strongly. Attention should be paid to the change of hot metal [2]. 3. Summary by Related Catalogs Inventory - 45 - port iron ore inventory was 13,826.69, a week - on - week decrease of 39.89, a decrease of 39.89 compared with the end of last month, and a decrease of 1,101.07 compared with the same period. 247 steel mills' imported ore inventory was 8,690.18, a week - on - week decrease of 64.15, a decrease of 64.15 compared with the end of last month, and a decrease of 528.02 compared with the same period [1]. Supply - 45 - port iron ore arrival volume was 2,536.50, a week - on - week increase of 385.20, an increase of 385.20 compared with last month, and an increase of 280.50 compared with the same period. Global 19 - port iron ore shipment volume was 3,431.00, a week - on - week increase of 242.30, an increase of 242.30 compared with last month, and an increase of 182.30 compared with the same period. Domestic mine production decreased due to inspections, but the decrease was not sustainable [1][2]. Demand - The average daily hot metal output of 247 steel mills was 241.80, a week - on - week decrease of 0.11, a decrease of 0.11 compared with last month, and an increase of 6.05 compared with the same period. The 45 - port average daily port clearance volume was 313.99, a week - on - week decrease of 12.69, a decrease of 12.69 compared with last month, and an increase of 1.17 compared with the same period. The daily consumption of imported ore by 247 steel mills was 300.48, a week - on - week increase of 0.80, an increase of 0.80 compared with last month, and an increase of 12.38 compared with the same period. The weekly average of main - port iron ore transactions was 95.20, a week - on - week decrease of 1.74, a decrease of 1.74 compared with last month, and a decrease of 2.38 compared with the same period [1].