宝城期货铁矿石早报-20250811

Report Summary 1) Report Industry Investment Rating No relevant information provided. 2) Core View of the Report The iron ore price is expected to maintain a high - level oscillating trend due to the game between long and short factors. The demand for iron ore is weakening while the supply is rising steadily. However, the good profitability of steel mills provides support for the iron ore price. Attention should be paid to the production situation of steel mills [2]. 3) Summary by Related Catalogs Variety View Reference - For the iron ore 2601 contract, the short - term view is oscillating, the medium - term view is oscillating, and the intraday view is oscillating with a slight upward bias. It is recommended to pay attention to the support at the MA20 line. The core logic is that the demand has good resilience and the ore price is oscillating at a high level [1]. Market Driving Logic - The fundamentals of iron ore are weakly stable. Steel mill production is weakening, and the terminal consumption of ore is continuously decreasing. The positive factor is that the profit situation of steel mills is good, and the demand remains high, providing support for the ore price. However, production restrictions may cause impacts. - Domestic port ore arrivals are rising, while overseas miners' shipments are decreasing. The continuous reduction under high ore prices needs to be tracked. Domestic ore production continues to be weakly stable, and the ore supply is rising steadily. - Overall, with the weakening demand and rising supply, the fundamentals are weakly stable, and the ore price is prone to pressure. But the good profitability of steel mills and the resilience of demand support the ore price, resulting in a high - level oscillating trend [2].