Group 1: Report Core View - The iron ore market rebounded slightly this week, and market sentiment improved. The production of domestic and imported iron ore is at a relatively high level year-on-year. The port inventory increased, while the steel mill inventory decreased. The daily average molten iron production remained high, and the demand for iron ore is resilient. The operation strategy is to participate in the short - term. [46] Group 2: Summary by Directory 1. Trend Review - The market sentiment warmed up, and iron ore rebounded from a low level. [9] - The price changes of iron ore spot varieties are as follows: PB powder rose from 784 to 821, Super Special powder rose from 712 to 917, Jinbuba powder rose from 754 to 904, Ba Hun rose from 821 to 845, Mike rose from 775 to 842, and Newman rose from 779 to 840. [13] 2. Basis and Spread - The iron ore futures - spot price spread situation: the main basis is - 6.5, 01 - 05 is 19.5, pb - super special is 72, and Ba Cu - pb is 9. The ratio of rebar to iron ore continued to be weak. [19][22] 3. Supply - Demand Analysis - Supply: The weekly shipment of mainstream mines was 1.9922 million tons this week. The utilization rate of domestic mine production capacity was 59.89%. The production of domestic and imported iron ore is at a relatively high level year - on - year. [28] - International Freight: The iron ore freight rate from Port Hedland to Qingdao is 9.37 US dollars/ton, and from Tubarao, Brazil to Qingdao (BCI - C3) is 23.98 US dollars/ton. The Baltic Dry Index is 1923. [31] - Inventory - Imported Ore: The port inventory is 140.245 million tons, the Australian ore inventory is 57.8043 million tons, the Brazilian ore inventory is 55.3653 million tons, the iron ore arrival volume is 22.694 million tons, and the trading ore inventory is 91.4492 million tons. [34] - Inventory - Steel Mill: The port inventory of iron ore this week is 140.245 million tons, with a week - on - week increase of 242,200 tons. The inventory of imported iron ore in steel mills is 90.4916 million tons, with a week - on - week decrease of 9.906 million tons. The available days of imported iron ore in steel mills are 21 days, with a week - on - week decrease of 4 days. [38] - Demand: The daily average molten iron production this week is 2.4154 million tons, with a week - on - week decrease of 27,000 tons. The daily average dredging volume remains at a relatively high level, and the molten iron production remains high, showing stronger resilience than expected. [41] 4. Outlook for the Future - The iron ore market rebounded slightly this week with improved market sentiment. The production of domestic and imported iron ore is at a relatively high level year - on - year. The port inventory increased, and the steel mill inventory decreased. The daily average molten iron production remained high, and the demand for iron ore is resilient. The operation strategy is to participate in the short - term. [46]
国信期货铁矿石周报：铁水维持高位，铁矿小幅反弹-20251012
Guo Xin Qi Huo·2025-10-12 02:50