铁矿石周度数据（20260109）-20260109

1. Report's Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The iron ore supply - demand pattern is weakly operating, with inventory continuously rising. Steel mills are resuming production, and the terminal consumption of ore is rising from a low level. However, the overall increase is not significant, and the improvement space of ore demand is limited due to the poor profit situation of steel mills and the inability of the off - season steel market to support a large - scale increase in production. Meanwhile, port arrivals are rising, and miner shipments are falling from a high level. The overall supply pressure remains. In conclusion, the iron ore fundamentals are still weak, and the ore price is under pressure. It is expected to maintain a high - level volatile operation under the game of long and short factors, and the restocking situation of steel mills should be monitored [2] 3. Summary According to Relevant Contents Inventory - 45 - port iron ore inventory is 16,275.26, with a week - on - week increase of 304.37 and a year - on - year increase of 1,300.78 compared to the same period (lunar calendar). 247 steel mills' imported ore inventory is 8,989.59, with a week - on - week increase of 43.05 and a year - on - year decrease of 582.11 compared to the same period (lunar calendar) [1] Supply - Domestic 45 - port iron ore arrivals are 2,756.40, with a week - on - week increase of 155.00 and a year - on - year increase of 488.00 compared to the same period (lunar calendar). Global iron ore shipments are 3,213.70, with a week - on - week decrease of 463.42 and a year - on - year increase of 151.90 compared to the same period (lunar calendar) [1] Demand - The average daily hot metal output of 247 steel mills is 229.50, with a week - on - week increase of 2.07 and a year - on - year increase of 0.09 compared to the same period (lunar calendar). The 45 - port average daily ore removal volume is 323.27, with a week - on - week decrease of 1.94 and a year - on - year decrease of 0.98 compared to the same period (lunar calendar). The daily consumption of imported ore by 247 steel mills is 283.28, with a week - on - week increase of 2.61 and a year - on - year decrease of 2.30 compared to the same period (lunar calendar). The weekly average of iron ore transactions at major ports is 99.50, with a week - on - week increase of 18.82 and a year - on - year decrease of 12.22 compared to the same period (lunar calendar) [1]