宝城期货铁矿石早报-20250826

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints of the Report - The iron ore price is expected to maintain a high - level volatile trend, and the performance of finished steel products should be monitored. The fundamentals are stable, with the demand showing certain resilience and the supply remaining relatively stable, but the upward driving force is not strong as the fundamentals have not improved substantially and the valuation is moderately high [1][2] Group 3: Summary According to Relevant Catalogs Variety Viewpoint Reference - For the iron ore 2601 variety, the short - term trend is moderately strong with fluctuations, the medium - term trend is fluctuating, and the intraday trend is moderately weak with fluctuations. Attention should be paid to the support at the MA5 line. The core logic is that the fundamentals are stable and the ore price fluctuates at a high level [1] Market Driving Logic - The supply - demand pattern of iron ore has changed little. The terminal consumption of ore has stabilized at a high level, and the demand shows certain resilience, providing support for the ore price. However, steel mill profits are shrinking and production restrictions are frequent, so the positive effect is limited. The arrival of goods at domestic ports has declined again, but the shipments from overseas miners have stabilized at a high level. According to the shipping schedule, the subsequent arrival of goods will increase. The domestic ore supply is weak, and the overall ore supply is relatively stable. Currently, the ore demand has resilience and the market sentiment has improved, strongly supporting the ore price, but the fundamentals have not improved substantially and the valuation is moderately high, so the upward driving force is not strong [2]