宝城期货铁矿石早报（2026年3月13日）-20260313

1. Report Industry Investment Rating - No information provided in the given content 2. Core Viewpoints of the Report - The short - term view of Iron Ore 2605 is oscillating and slightly bullish, the medium - term view is oscillating, and the intraday view is oscillating and slightly bearish. Attention should be paid to the support at the MA5 line, and the structural concerns are fermenting, causing increased volatility in ore prices [2] - The supply - demand pattern of iron ore has not changed significantly. Terminal consumption of ore is continuously decreasing due to environmental protection restrictions during the meeting, but it will gradually recover. However, the profit situation of steel mills is not good, so the incremental space is limited. The arrival of ore at domestic ports has increased significantly, while the shipment of miners has declined from the high level. According to the shipping schedule, the subsequent arrival will stabilize. The production of domestic mines has recovered, and the overall ore supply is increasing. Recently, the ore price has been strong due to the support of rising transportation costs and the liquidity problem caused by the restriction of BHP varieties. However, under the situation of stable supply and weak demand, the fundamentals of the ore market are weakly stable, and the upward driving force is questionable. The subsequent trend is cautiously optimistic, and attention should be paid to the performance of steel prices [3] 3. Summary by Relevant Catalogs 3.1 Variety Viewpoint Reference - For Iron Ore 2605, the short - term is oscillating and slightly bullish, the medium - term is oscillating, and the intraday is oscillating and slightly bearish. The reference view is to pay attention to the support at the MA5 line, and the core logic is that structural concerns are fermenting, causing increased volatility in ore prices [2] 3.2 Market Driving Logic - The supply - demand pattern of iron ore has little change. Terminal consumption of ore is decreasing due to environmental protection restrictions during the meeting and will gradually recover, but the profit of steel mills is poor, limiting the incremental space. The arrival at domestic ports has increased significantly, while miner shipments have declined from the high level. The subsequent arrival will stabilize according to the shipping schedule, and domestic mine production has recovered, increasing the overall ore supply. The ore price is strong recently due to rising transportation costs and BHP variety - related liquidity issues. Under stable supply and weak demand, the ore market fundamentals are weakly stable, the upward driving force is questionable, and the subsequent trend is cautiously optimistic, with attention on steel price performance [3]