铁矿石周度数据（20260130）-20260130

1. Report's Industry Investment Rating - No information provided 2. Core View of the Report - The supply - demand pattern of iron ore has changed little. The inventory continues to rise, steel mill production is weakly stable, and the terminal consumption of ore runs smoothly. The average daily hot metal output and imported ore consumption of sample steel mills decreased slightly this week. The contradictions in the off - season steel market are accumulating, and steel mills mainly replenish inventory normally before the festival, with limited positive effects. It is expected that the demand for ore will continue to be weak. Meanwhile, the arrival of ore at domestic ports continues to decline, while the shipments of overseas miners have stabilized. The reduction of port arrivals is limited according to the shipping schedule, domestic ore supply is stable, and combined with the high inventory, the supply pressure of ore remains. Thanks to the warming of commodity sentiment, the iron ore price has rebounded in shock. However, the supply pressure of ore remains under the high - inventory situation, and the ore demand is weak. The fundamentals of ore have not improved, and the ore price is still prone to pressure. It is expected that the ore price will maintain a volatile operation under the game of long - and short - term factors. Attention should be paid to the inventory replenishment of steel mills [2] 3. Summary According to the Directory Inventory - 45 - port iron ore inventory is 17,022.26, with a week - on - week increase of 255.73, a monthly increase of 1,051.37 compared with the end of last month, and a year - on - year increase of 2,019.30 compared with the same period (lunar calendar). 247 steel mills' imported ore inventory is 9,968.59, with a week - on - week increase of 579.77, a monthly increase of 1,022.05, and a year - on - year decrease of 105.49 [1] Supply - The arrival volume of iron ore at 45 domestic ports is 2,530.00, with a week - on - week decrease of 129.70, a monthly decrease of 71.40, and a year - on - year decrease of 304.30. The global iron ore shipment volume is 2,978.30, with a week - on - week increase of 48.50, a monthly decrease of 698.82, and a year - on - year decrease of 133.80 [1] Demand - The average daily hot metal output of 247 steel mills is 227.98, with a week - on - week decrease of 0.12, a monthly increase of 0.55, and a year - on - year increase of 3.61. The 45 - port average daily ore - clearing volume is 332.31, with a week - on - week increase of 21.58, a monthly increase of 7.10, and a year - on - year increase of 6.04. The daily consumption of imported ore by 247 steel mills is 280.96, with a week - on - week decrease of 0.94, a monthly increase of 0.29, and a year - on - year increase of 1.19. The weekly average of iron ore transactions at major ports is 90.65, with a week - on - week decrease of 6.87, a monthly increase of 9.97, and a year - on - year decrease of 10.81 [1]