宝城期货铁矿石早报（2026年3月27日）-20260327

Group 1: Report Industry Investment Rating - No investment rating information is provided in the report. Group 2: Core Viewpoints of the Report - The iron ore 2605 contract is expected to have a high - level oscillation trend in the short, medium, and intraday periods, with a short - term and medium - term outlook of oscillation and an intraday outlook of slightly weak oscillation [2]. - Due to the shortage of oil and the expected port strikes, there are supply disruptions in iron ore, which support the high - level operation of ore prices. However, the iron ore supply - demand pattern has changed, and the over - valued ore prices are under pressure, so the trend is expected to continue the high - level oscillation [3]. Group 3: Summary by Related Catalogs Variety Viewpoint Reference - For the iron ore 2605 contract, the short - term and medium - term trends are both oscillation, and the intraday trend is slightly weak oscillation, with an overall view of high - level oscillation. The core logic is the reappearance of supply disruptions and the high - level operation of ore prices [2]. Market Driving Logic - The shortage of oil and the expected port strikes lead to supply disruptions in iron ore, supporting the high - level operation of ore prices. The supply - demand pattern of iron ore has changed, with steel mills being actively involved in production and the terminal demand for ore continuously rising. However, the industrial contradictions in the steel market remain unresolved, and the increment space of demand is questionable. The arrival of goods at domestic ports has rebounded from a low level, and the shipments of miners have continued to increase. According to the shipping schedule, the subsequent arrivals are expected to be stable, and the domestic ore supply has also increased. The ore supply continues to show a steady upward trend. Currently, due to the reappearance of supply disruptions, the ore price remains at a high level, but the fundamentals of iron ore have not changed substantially, and the over - valued ore price is under pressure. It is expected that the trend will continue the high - level oscillation, and attention should be paid to the performance of steel prices and the shipments of Australian ore [3].