宝城期货铁矿石早报（2025年10月10日）-20251010

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core Viewpoints - The iron ore price is expected to maintain a high - level volatile trend under the game of long and short factors, and attention should be paid to the performance of steel [2]. - For the iron ore 2601 contract, the short - term and medium - term trends are volatile, and the intraday trend is weakly volatile. It is advisable to pay attention to the support at the MA5 line [1]. 3) Summary by Relevant Contents Variety Viewpoint Reference - For the iron ore 2601 contract, the short - term trend is volatile, the medium - term trend is volatile, and the intraday trend is weakly volatile. The reference view is to pay attention to the support at the MA5 line, and the core logic is that the commodity sentiment is warm and the ore price is at a high level [1]. Market Driving Logic - There are changes in both the supply and demand sides of iron ore. During the holiday, steel mill production was weakly stable, and the terminal consumption of ore continued to decline but remained at a relatively high level. Considering the increasing contradictions in the steel market, the positive effects are weakening [2]. - During the holiday, the arrival of iron ore at domestic ports was high. With high ore prices, overseas ore shipments were active, and the domestic ore supply will resume after the holiday, increasing the supply pressure [2]. - After the holiday, the commodity sentiment is warm, and the demand has certain resilience, which supports the ore price. However, the ore supply remains at a high level, the fundamental outlook is weakening, and the upward driving force is not strong [2].