宝城期货铁矿石早报-20250613

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints of the Report - The iron ore market shows a pattern of strong supply and weak demand, with the fundamentals remaining weak, and the ore price continues to be under pressure. However, due to the large discount of the futures price, there is resistance to the downward movement. Under the game of long - and short - term factors, the ore price will continue to fluctuate at a low level [2] Group 3: Summary by Related Catalogs Variety Viewpoint Reference - For the iron ore 2509 contract, the short - term and medium - term trends are both volatile, and the intraday trend is slightly stronger. Attention should be paid to the pressure at the MA20 line. The core logic is that the fundamentals are weakly stable, and the ore price fluctuates at a low level [1] Market Driving Logic - The supply - demand pattern of iron ore has weakened, with continuous inventory accumulation. During the off - season, steel mill production has weakened, and the terminal consumption of ore has declined from a high level, with the weakening demand trend remaining unchanged. On the contrary, overseas miners are ramping up shipments at the end of the fiscal year, and even though domestic ore production is restricted and its output has decreased, the supply pressure of ore remains. [2]