Group 1: Report Investment Rating - No information provided on the industry investment rating Group 2: Core Viewpoints - The supply - demand pattern of iron ore continues to weaken, with an expanding inventory increase. Steel mill production is stabilizing, and the terminal consumption of ore has rebounded. The average daily hot metal production and imported ore consumption of sample steel mills this week increased month - on - month, remaining at a relatively high level this year, providing support for ore prices. However, steel profits are shrinking, and the incremental space is limited. [2] - Port ore arrivals have declined again, and overseas miners' shipments continue to be weak. Overseas ore supply is relatively weak recently, in line with seasonal characteristics, but its persistence at high ore prices is not strong and will recover later. Domestic ore supply has rebounded from a low level, and it is expected that iron ore supply will increase steadily. [2] - In the situation of weak supply and stable demand, the fundamentals of iron ore are okay, and steel mills have good profitability and strong demand resilience, supporting ore prices. The relative negatives are high valuations and weakening market sentiment. In the short term, ore prices will continue to adjust at a high level, and attention should be paid to the performance of finished steel products. [2] Group 3: Summary by Related Catalogs Inventory - 45 - port iron ore inventory is 13,819.27, a week - on - week increase of 107.00, a monthly increase of 161.37, and a year - on - year decrease of 1,215.83. [1] - 247 steel mills' imported ore inventory is 9,136.34, a week - on - week increase of 123.00, a monthly increase of 124.25, and a year - on - year increase of 66.36. [1] Supply - 45 - port iron ore arrivals are 2,381.90, a week - on - week decrease of 125.90, a monthly increase of 141.40, and a year - on - year increase of 27.20. [1] - Global 19 - port iron ore shipments are 3,046.70, a week - on - week decrease of 15.10, a monthly decrease of 154.20, and a year - on - year increase of 82.00. [1] Demand - 247 steel mills' average daily hot metal production is 240.66, a week - on - week increase of 0.34, a monthly decrease of 0.05, and a year - on - year increase of 11.89. [1] - 45 - port average daily ore removal volume is 334.67, a week - on - week increase of 12.82, a monthly increase of 31.96, and a year - on - year increase of 12.85. [1] - 247 steel mills' imported ore daily consumption is 298.52, a week - on - week increase of 0.37, a monthly decrease of 0.94, and a year - on - year increase of 18.03. [1] - The weekly average of main - port iron ore transactions is 115.33, a week - on - week increase of 19.97, a monthly increase of 26.53, and a year - on - year increase of 31.35. [1]
宝城期货铁矿石周度数据-20250815
Bao Cheng Qi Huo·2025-08-15 07:05