钢联15港港口进口矿库存(2025年11月19日)

Report on Steel Union's 15-Port Imported Ore Inventory (November 19, 2025) 1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints - Steel Union's 15-port ore inventory has been continuously increasing, with a week-on-week increase of 6060 tons and a narrowing decline, mainly due to the decrease in arrivals [1]. - The inventory of mainstream varieties shows a mixed trend. Among them, the inventory of Brazilian iron ore fines increased by 52,450 tons week-on-week, while the inventory of medium-grade Australian iron ore fines decreased by 61,450 tons, and the pellet inventory continued to decline slightly [1]. - In general, the port inventory of iron ore continues to increase, and industrial contradictions continue to accumulate without structural contradictions [1]. 3. Summary According to Related Catalogs Inventory Quantity and Change - Total Inventory: The total inventory is 11,832,910 tons, with a week-on-week increase of 6,060 tons (0.05%), a month-on-month increase of 585,130 tons (5.20%), and a year-on-year decrease of 909,000 tons (-7.13%) [1]. - High-Grade Australian Iron Ore Fines: The inventory is 1,576,950 tons, with a week-on-week decrease of 17,900 tons (-1.12%), a month-on-month decrease of 76,730 tons (-4.64%), and a year-on-year decrease of 648,300 tons (-29.13%) [1]. - Brazilian Iron Ore Fines: The inventory is 2,165,780 tons, with a week-on-week increase of 52,450 tons (2.48%), a month-on-month increase of 100,040 tons (4.84%), and a year-on-year increase of 419,920 tons (24.05%) [1]. - Medium-Grade Australian Iron Ore Fines: The inventory is 670,560 tons, with a week-on-week decrease of 61,450 tons (-8.39%), a month-on-month increase of 70,390 tons (11.73%), and a year-on-year increase of 60,920 tons (9.99%) [1]. - Australian Iron Ore Lumps: The inventory is 966,430 tons, with a week-on-week increase of 680 tons (0.07%), a month-on-month increase of 3,210 tons (0.33%), and a year-on-year increase of 148,350 tons (18.13%) [1]. - Pellets: The inventory is 29,630 tons, with a week-on-week decrease of 2,130 tons (-6.71%), a month-on-month increase of 3,560 tons (13.66%), and a year-on-year decrease of 75,280 tons (-71.76%) [1].