铁矿石周度数据-20251010

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core View of the Report - The supply and demand sides of iron ore have changed. Steel mill production is stabilizing, and the terminal consumption of ore remains high. This week, the daily average pig iron output and imported ore consumption of sample steel mills showed mixed changes, with overall changes being small. The demand for ore is performing well, but industrial contradictions in the steel market are continuously accumulating, and its resilience is expected to weaken, resulting in a limited positive effect. - Domestic port arrivals increased week - on - week, while overseas miners' shipments declined, but both are at annual highs. Overseas miners are actively shipping at high ore prices, and with the recovery of domestic ore supply after the holiday, the supply pressure of ore is increasing. - Overall, the demand for ore is good, and the positive sentiment in commodities after the holiday supports ore prices. However, supply remains high, and demand resilience is weakening. The fundamentals of the ore market are expected to deteriorate, and the upward driving force is not strong. Under the game of multiple and short factors, it is expected that ore prices will maintain a high - level volatile trend, and attention should be paid to the performance of steel [2]. 3) Summary According to Relevant Catalogs Inventory - 45 - port iron ore inventory is 14,024.50, with a week - on - week increase of 46.71, a monthly increase of 46.71, and a year - on - year decrease of 1,081.43. - 247 steel mills' imported ore inventory is 9,046.19, with a week - on - week decrease of 990.60, a monthly decrease of 990.60, and a year - on - year increase of 60.89 [1]. Supply - 45 - port iron ore arrivals are 2,608.70, with a week - on - week increase of 248.20, a monthly increase of 248.20, and a year - on - year increase of 650.00. - Global 19 - port iron ore shipments are 3,279.00, with a week - on - week decrease of 196.40, a monthly decrease of 196.40, and a year - on - year increase of 297.80 [1]. Demand - 247 steel mills' daily average pig iron output is 241.54, with a week - on - week decrease of 0.27, a monthly decrease of 0.27, and a year - on - year increase of 8.46. - 45 - port daily average ore removal volume is 327.00, with a week - on - week decrease of 9.40, a monthly decrease of 9.40, and a year - on - year increase of 1.99. - 247 steel mills' imported ore daily consumption is 299.14, with a week - on - week increase of 0.34, a monthly increase of 0.34, and a year - on - year increase of 10.99. - The weekly average of main - port iron ore transactions is 98.00, with a week - on - week increase of 58.63, a monthly increase of 58.63, and a year - on - year decrease of 0.24 [1].