铁矿石周度数据（20260227）-20260227

Group 1: Report Industry Investment Rating - No information available Group 2: Core View of the Report - The supply - demand pattern of iron ore has changed. After the holiday, steel mills resumed production, and the terminal consumption of ore continued to rise. The daily average pig iron output and imported ore consumption of sample steel mills increased week - on - week, and steel mills may replenish stocks after the holiday, so the demand for ore has improved. However, the industrial contradictions in the steel market are accumulating, the incremental space is limited, and the positive effect remains to be seen. Meanwhile, although the arrival at domestic ports has continued to decline, the shipments of overseas miners have increased significantly. According to the shipping schedule, the subsequent arrivals will increase, and with the gradual recovery of domestic ore supply, the ore supply will return to a high level. Currently, although the iron ore demand has improved, the incremental space is uncertain, while the supply is back at a high level. The fundamentals of ore have not improved, and the ore price is still under pressure. The relatively positive factor is the strong policy expectation. Under the game of multiple and short factors, the subsequent ore price will mainly fluctuate at a low level. Attention should be paid to the resumption of production of steel mills. [2] Group 3: Summary of Relevant Catalogs Inventory - 45 - port iron ore inventory is 17,091.96, with a week - on - week increase of 145.64, a month - on - month increase of 69.70, and a year - on - year increase of 1,724.28 compared with the same period of the lunar calendar. - 247 steel mills' imported ore inventory is 9,085.10, with a week - on - week decrease of 1,618.83, a month - on - month decrease of 883.49, and a year - on - year decrease of 379.64 compared with the same period of the lunar calendar. [1] Supply - The arrival volume of iron ore at 45 domestic ports is 2,152.40, with a week - on - week decrease of 265.60, a month - on - month decrease of 377.60, and a year - on - year increase of 390.40 compared with the same period of the lunar calendar. - The global iron ore shipping volume is 3,320.90, with a week - on - week increase of 631.00, a month - on - month increase of 342.56, and a year - on - year decrease of 126.40 compared with the same period of the lunar calendar. [1] Demand - The daily average pig iron output of 247 steel mills is 233.28, with a week - on - week increase of 2.79, a month - on - month increase of 5.30, and a year - on - year increase of 4.84 compared with the same period of the lunar calendar. - The daily average port clearance volume at 45 ports is 298.48, with a week - on - week decrease of 52.71, a month - on - month decrease of 33.83, and a year - on - year increase of 29.81 compared with the same period of the lunar calendar. - The daily consumption of imported ore by 247 steel mills is 288.71, with a week - on - week increase of 3.17, a month - on - month increase of 7.75, and a year - on - year increase of 3.54 compared with the same period of the lunar calendar. - The weekly average of iron ore transactions at main ports is 60.23, with a week - on - week increase of 25.41, a month - on - month decrease of 30.43, and a year - on - year decrease of 7.70 compared with the same period of the lunar calendar. [1]