宝城期货铁矿石早报-20250813

Report Summary 1. Report Industry Investment Rating - No industry investment rating is provided in the report. 2. Core Viewpoints - The iron ore price is expected to maintain a volatile and slightly stronger trend, and attention should be paid to the performance of finished steel products. The demand for iron ore has resilience, and the supply is weaker than expected, resulting in a stable fundamentals under the situation of weak supply and demand [2][3]. 3. Summary by Relevant Catalogs 3.1 Variety Viewpoint Reference - For the iron ore 2601 contract, the short - term view is volatile and slightly stronger, the medium - term view is volatile, and the intraday view is also volatile and slightly stronger. It is recommended to pay attention to the support at the MA5 line. The core logic is that the demand has good resilience and the ore price runs strongly [2]. 3.2 Market Driving Logic - The market sentiment is warm, and the ore price continues to be strong. The fundamentals of iron ore are stable. Steel mill production is weakening, and the terminal consumption of ore continues to decline. However, due to the good profitability of steel mills, the high - frequency indicators remain at a relatively high level, and the demand has resilience, which supports the ore price. At the same time, the arrival of ore at domestic ports has declined again, the overseas miners' shipments have slightly decreased, and domestic ore production is weakening, so the ore supply is weak. The demand for iron ore is weakening, and the supply recovery is also lower than expected. Under the situation of weak supply and demand, the fundamentals of ore run stably, and the good profitability of steel mills and the resilient demand continue to support the ore price [3].