铁矿石周度数据（20260306）-20260306

Report Summary 1. Report Industry Investment Rating There is no information provided in the content regarding the report industry investment rating. 2. Core Viewpoint of the Report The supply and demand of iron ore have changed. During the Two Sessions, environmental protection restrictions have tightened, leading to a decline in the terminal consumption of iron ore. The daily average hot metal production and imported ore consumption of sample steel mills decreased week - on - week. The profitability of steel mills is poor, and industrial contradictions in the steel market are accumulating, so the demand for iron ore continues to be weak. At the same time, the arrival of iron ore at domestic ports is at a low level, while the shipments of miners remain high. According to the shipping schedule, the subsequent arrival will increase. Overseas ore supply is rising, and domestic ore production is recovering, so the ore supply is increasing. In general, the demand for iron ore is weak, while the supply is increasing, and the fundamentals of the iron ore market are weak, putting pressure on iron ore prices. The relative positive factor is that the freight cost increase caused by the Middle East conflict supports the iron ore price. Under the game of multiple and short factors, it is expected that the iron ore price will continue to fluctuate. Attention should be paid to the performance of steel [2]. 3. Summary According to Relevant Data Inventory - 45 - port iron ore inventory is 17,117.86, with a week - on - week increase of 25.90 and a year - on - year increase of 1,725.33 compared to the same period (lunar calendar) [1]. - 247 steel mills' imported ore inventory is 9,011.57, with a week - on - week decrease of 73.53 and a year - on - year decrease of 131.24 compared to the same period (lunar calendar) [1]. Supply - The arrival volume of iron ore at 45 domestic ports is 2,146.90, with a week - on - week decrease of 5.50 and a year - on - year increase of 269.40 compared to the same period (lunar calendar) [1]. - The global iron ore shipment volume is 3,340.74, with a week - on - week increase of 19.84 and a year - on - year increase of 1,005.84 compared to the same period (lunar calendar) [1]. Demand - The daily average hot metal production of 247 steel mills is 227.59, with a week - on - week decrease of 5.69 and a year - on - year decrease of 0.40 compared to the same period (lunar calendar) [1]. - The 45 - port daily average ore - dispatching volume is 311.08, with a week - on - week increase of 12.60 and a year - on - year increase of 29.59 compared to the same period (lunar calendar) [1]. - The daily consumption of imported ore by 247 steel mills is 280.85, with a week - on - week decrease of 7.86 and a year - on - year decrease of 2.94 compared to the same period (lunar calendar) [1]. - The weekly average of iron ore transactions at major ports is 83.78, with a week - on - week increase of 26.88 and a year - on - year decrease of 14.67 compared to the same period (lunar calendar) [1].