宝城期货铁矿石早报（2025年12月8日）-20251208

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Views of the Report - The iron ore market is expected to be under pressure and decline in a volatile manner, with a weakening supply - demand pattern and the real - world logic taking the lead. The short - term, medium - term, and intraday views on iron ore 2605 are "volatile", "volatile", and "weakly volatile" respectively, with an overall view of "weakly volatile" [2][3] Group 3: Summary by Relevant Catalogs Variety View Reference - For iron ore 2605, the short - term view is "volatile", the medium - term view is "volatile", and the intraday view is "weakly volatile", with an overall view of "weakly volatile". The core logic is that the real - world pattern is weakening, putting pressure on the ore price [2] Market Driving Logic - The supply - demand pattern of iron ore continues to weaken. At the end of the year, steel mills' maintenance increases, terminal ore consumption declines, and steel mills' profitability has not improved, resulting in weak ore demand. Overseas miners' shipments have increased month - on - month, and both shipments and domestic port arrivals are at high levels within the year. Even though domestic ore supply has shrunk, overall iron ore supply remains high. The previous positive factors have pushed the ore price back to a high level, but now the demand is weakening while supply remains high, so the ore price is expected to decline under pressure [3]