宝城期货铁矿石早报（2026年1月8日）-20260108

Report Overview - The report is the Baocheng Futures Iron Ore Morning Report on January 8, 2026, analyzing the short - term, medium - term, and intraday trends of iron ore 2605 [1][2] 1. Report Industry Investment Rating - No relevant content provided 2. Report's Core View - The supply - demand pattern of iron ore is weakly stable, and the outlook for ore prices is cautiously optimistic. Although the futures price of iron ore continues to run strongly at a high level due to warm market sentiment, the supply pressure remains and the demand improvement is limited, so the upward driving force needs to be tracked [2][3] 3. Summary by Related Catalogs 3.1 Variety View Reference - For iron ore 2605, the short - term trend is oscillating and slightly strong, the medium - term is oscillating, and the intraday is oscillating and slightly weak. It is recommended to pay attention to the support at the MA5 line. The core logic is the weakly stable supply - demand pattern and cautious optimism about ore prices [2] 3.2 Market Driving Logic - The commodity sentiment is warm and the positive factors remain, so the iron ore futures price continues to run strongly at a high level. However, the supply - demand pattern has not improved substantially. Steel mills have resumed production, and the terminal consumption of ore has increased, but the improvement in their profitability is limited, and the off - season steel market can't bear the increased production, so the demand increase space is limited. Meanwhile, the arrival at domestic ports has increased again and there is still room for growth in the future. Even if the shipments of miners and domestic ore production decline seasonally, the ore supply pressure remains. The subsequent changes should be monitored [3]