Report Industry Investment Rating - Not provided in the given content Core Viewpoint - Iron water production increased month-on-month, port inventories decreased, and steel mill inventories increased month-on-month. Iron water production has recovered to the pre-environmental restriction high. Coupled with the pre-holiday restocking expectation, the fundamentals of iron ore still have support. The Iron Ore 2601 contract is expected to fluctuate with an upward bias [6] Summary According to the Directory 1. Price and Spread - Price: The report presents price trends of various iron ore products such as iron ore index, lowest deliverable product converted to futures price, Platts Index (58%, 62%, 65%), Qingdao Port iron ore powders (65% Carajás fines, 61.5% PB fines, 56.5% Super Special fines), Hebei Qian'an 66% iron concentrate powder, scrap steel index, Shandong Yishui 62% pellet ore, and Qingdao Port 62.5% PB lump ore from 2016 to 2025 [14][18][20] - Spread: It shows the spreads between different iron ore contracts (1 - 5, 5 - 9, 9 - 1), high - medium grade spread (Platts 65% - 62%), 65% pellet premium, 62.5% lump ore premium, medium - low grade spread (Platts 62% - 58%), high - low grade spread (Platts 65% - 58%), index basis rate, basis of different contracts (01, 05, 09), hot - rolled coil index profit on the futures market, weighted average profit of five major steel products in Hebei and East China, rebar index profit on the futures market, and the spread between scrap steel and hot metal in North and East China from 2016 to 2025 [32][43][57] 2. Supply - Domestic Production: From January to August, the cumulative output of domestic raw ore was 67,810,420 tons, a year - on - year decrease of 4.2%. The national 266 mines' capacity utilization rate and daily output of iron concentrate powder are also presented from 2017 to 2025 [9][87] - Imports: In August, China imported 105.22 million tons of iron ore and its concentrates, a year - on - year increase of 3.78%. From January to August, the cumulative import was 801.62 million tons, a year - on - year decrease of 1.64%. The report also shows monthly import volume, cumulative import volume, and their year - on - year changes from 2019 to 2025. The weekly shipping volume from Australia and Brazil, weekly arrivals at 26 and 45 ports, BDI index, BCI index, and shipping freight rates from Western Australia to Qingdao and Brazil's Tubarão to Qingdao are also included [9][66][73] 3. Demand - Production - related Demand: The national 45 - port average daily ore handling volume and 247 steel mills' average daily hot metal production are presented from 2018 to 2025. The report also shows the cumulative and monthly output of pig iron from the National Bureau of Statistics, and their year - on - year changes from 2020 to 2025 [94][89] - Consumption - related Demand: It includes the daily consumption of domestic and imported iron ore powders by 64 steel mills, import ore sintering ratio, sinter ore charging grade, sinter ore, pellet ore, and lump ore charging ratios, 247 steel mills' blast furnace capacity utilization rate, blast furnace operating rate, and profitability rate from 2017 to 2025 [101][104][107] 4. Inventory - Port Inventory: The report shows the total inventory, trade ore inventory, non - Australian and Brazilian ore inventory, Australian ore inventory, Brazilian ore inventory, coarse powder inventory, lump ore inventory, pellet ore inventory, and inventory days at 45 ports from 2017 to 2025 [111][113][115] - Steel Mill Inventory: It includes the total imported ore inventory, imported ore inventory days of 247 steel mills, and the inventory of imported and domestic iron ore powders of 64 steel mills from 2020 to 2025. The iron concentrate powder inventory of 266 mines from 2019 to 2025 is also presented [126][128][130]
黑色系周报：铁矿石-20250919
Dong Ya Qi Huo·2025-09-19 11:46