格林大华期货早盘提示：铁矿-20260106

1. Report Industry Investment Rating - No information provided 2. Core Viewpoints - After the holiday, iron ore prices rose on the first trading day and fell in night trading. The market may continue to trade on the winter storage expectation in the near - term, with prices remaining firm and showing an oscillating trend. After restocking ends, prices may回调. Market focus will shift to inventory accumulation expectations during the Spring Festival and the overseas mine shipping plans in 2026 [1] 3. Summary by Relevant Catalogs 3.1 Market Review - Iron ore prices rose on the first trading day after the holiday and fell in night trading [1] 3.2 Important Information - On January 5th, the State Council Information Office held a press conference where the person - in - charge of the Comprehensive Planning Department of the Ministry of Transport stated that efforts will be made to implement the renewal and digital - intelligent transformation of water transport infrastructure [1] - On January 5th, the Ministry of Finance and the Ministry of Transport issued a notice on organizing a pilot project of "government procurement to support green and low - carbon development of highways" [1] - Nine departments including the Ministry of Commerce promoted green consumption of automobiles and supported consumers to purchase new energy vehicles [1] - From December 29, 2025, to January 4, 2026, the global iron ore shipping volume was 32.137 million tons, a decrease of 4.634 million tons compared to the previous period. The shipping volume from Australia and Brazil was 27.427 million tons, a decrease of 3.169 million tons compared to the previous period [1] - From December 29, 2025, to January 4, 2026, the arrival volume at 47 ports in China was 28.247 million tons, an increase of 0.969 million tons compared to the previous period [1] 3.3 Market Logic - Before the holiday, the average daily hot metal output was 2.2743 million tons, an increase of 0.0085 million tons compared to the previous week, increasing for the second consecutive week. The global iron ore shipping volume increased seasonally in December, reaching a record high. During the holiday, the iron ore shipping volume decreased seasonally, while the arrival volume increased. Ports continued to accumulate inventory, and port inventory was at a high level. Steel mills' iron ore inventory also increased, and there was an expectation of restocking later, which would support iron ore prices [1] 3.4 Trading Strategy - In the near - term, the market may continue to trade on the winter storage expectation, with prices remaining firm and showing an oscillating trend. After restocking ends, prices will回调, and the market focus will shift to inventory accumulation expectations during the Spring Festival and the overseas mine shipping plans in 2026 [1]