格林大华期货早盘提示：铁矿-20251128

Group 1: Report Industry Investment Rating - The investment rating for the iron ore in the black building materials industry is "oscillation" [1] Group 2: Core View of the Report - The short - term trend of iron ore is expected to be mainly oscillatory The upper limit of the important pressure level for the main 2601 contract is 810, and the support level is 750 [1] Group 3: Summary According to Relevant Catalogs Market Conditions - On Thursday, iron ore closed up and closed down at night [1] Important Information - From January to October 2025, the total profit of national large - scale industrial enterprises was 5950.29 billion yuan, a year - on - year increase of 1.9% The total profit of the steel industry was 105.32 billion yuan, turning from loss to profit year - on - year [1] - On November 24, the Price Department of the National Development and Reform Commission organized a symposium on the cost identification of disorderly price competition The NDRC will continue to promote relevant work with relevant departments to manage disorderly price competition among enterprises [1] - This week, the supply of five major steel products was 855,710 tons, a week - on - week increase of 58,000 tons or 0.7% The total inventory was 14.0081 million tons, a week - on - week decrease of 322,900 tons or 2.25% The weekly consumption was 888,000 tons, a decrease of 0.7% Among them, the consumption of building materials decreased by 0.3% week - on - week, and the consumption of plates increased by 2.3% week - on - week [1] Market Logic - During the policy vacuum period, attention should be paid to the policy expectations brought by the Central Economic Work Conference in December This week, the output of rebar decreased, the output of hot - rolled coils increased, and the output of five major steel products increased The daily output of molten iron this week was 2.3468 million tons, a week - on - week decrease of 160,000 tons The profitability rate of steel mills was 35%, a week - on - week decrease of 2.6% [1] Trading Strategy - Maintain the view that the short - term trend is expected to be mainly oscillatory The upper limit of the important pressure level for the main 2601 contract is 810, and the support level is 750 [1]