铁矿石周度数据（20260327）-20260327

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Views - The supply - demand pattern of iron ore has improved. Steel mills are actively producing, and the terminal consumption of ore has been rising continuously. The daily average pig iron output and imported ore consumption of sample steel mills increased again on a week - on - week basis this week, and the ore demand has seen seasonal improvement. However, the industrial contradictions in the steel market have been alleviated to a limited extent, and the subsequent demand increment space needs to be tracked [2]. - The arrival of ore at domestic ports has increased slightly, while overseas ore shipments remain at a high level, but the lack of oil has caused short - term disturbances, and subsequent changes should be monitored. According to the shipping schedule, the subsequent arrivals are expected to be stable. Coupled with the increase in domestic ore supply and the high port inventory, there is still supply pressure [2]. - The positive factors remain, and the improvement in ore demand supports the high - level operation of ore prices. However, under the situation of strong supply and demand, the fundamentals of iron ore have not improved substantially, and the high - valued ore prices continue to face pressure. It is expected that the ore prices will maintain high - level fluctuations under the game of long and short factors. Attention should be paid to the performance of steel prices and the production situation of miners [2]. 3. Summary by Relevant Catalogs Inventory - 45 - port iron ore inventory is 16,950.31, with a week - on - week decrease of 148.09, a month - on - month decrease of 141.65, and an increase of 2,372.43 compared with the same period (lunar calendar). The 247 steel mills' imported ore inventory is 8,978.56, with a week - on - week decrease of 55.50, a month - on - month decrease of 106.54, and a decrease of 203.85 compared with the same period (lunar calendar) [1]. Supply - The arrival of iron ore at 45 domestic ports is 2,271.60, with a week - on - week increase of 56.60, a month - on - month increase of 119.20, and an increase of 468.40 compared with the same period (lunar calendar). The global iron ore shipment volume is 3,144.27, with a week - on - week increase of 95.49, a month - on - month decrease of 176.63, and a decrease of 251.13 compared with the same period (lunar calendar) [1]. Demand - The daily average pig iron output of 247 steel mills is 231.09, with a week - on - week increase of 2.94, a month - on - month decrease of 2.19, and an increase of 0.58 compared with the same period (lunar calendar). The 45 - port daily average ore - clearing volume is 315.17, with a week - on - week decrease of 5.80, a month - on - month increase of 16.69, and an increase of 11.52 compared with the same period (lunar calendar). The daily consumption of imported ore by 247 steel mills is 284.59, with a week - on - week increase of 3.44, a month - on - month decrease of 4.12, and a decrease of 1.42 compared with the same period (lunar calendar). The weekly average of iron ore transactions at main ports is 74.93, with a week - on - week increase of 17.39, a month - on - month increase of 18.03, and a decrease of 8.01 compared with the same period (lunar calendar) [1].