宝城期货铁矿石早报-20260311

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints of the Report - The supply - demand pattern of iron ore is weakly stable, and the ore price will continue to fluctuate. The short - term and intraday trends of iron ore 2605 are slightly upward, and the medium - term trend is fluctuating. It is recommended to pay attention to the support at the MA5 line [2][3]. 3. Summary by Related Catalogs 3.1 Variety Viewpoint Reference - For iron ore 2605, the short - term trend is slightly upward, the medium - term trend is fluctuating, and the intraday trend is slightly upward. The reference view is to pay attention to the support at the MA5 line. The core logic is that the supply - demand pattern is weakly stable, and the ore price continues to fluctuate [2]. 3.2 Market Driving Logic - The supply - demand pattern of iron ore has not improved. The terminal consumption of ore has declined again, and the profitability of steel mills is poor. The contradictions in the steel market are accumulating, and the ore demand continues to be weak. At the same time, the arrival of goods at domestic ports has increased, while the shipments of miners have declined from the high level. According to the shipping schedule, the subsequent arrivals will be stable, and domestic mines are resuming production, so the ore supply is increasing steadily. In general, the iron ore demand is weakening, and the supply is increasing steadily. The fundamentals of the iron ore market are weakly stable, and the ore price is still under pressure, but the structural contradictions support the price. Under the game of long and short factors, the ore price is expected to maintain a fluctuating trend. It is necessary to pay attention to the performance of the steel market [3].