News summary
The iron ore market showed a volatile pattern in the short termbamabingo, expectations for improvement in supply and demand plus macro positive results, but the slowdown in removal of raw materials and the decline in profits of steel mills, and the lower support focuses on the 840-850 range.
Newsletter text
[Short-term shocks in the iron ore market, investors should pay attention to the resumption of blast furnace production]
Recently, black market experiencebamabingoFollowing the trend of suppressing first and then rising, iron ore prices closed slightly positive. Against the background of double increase in supply and demand, blast furnace production continues, and the supply and demand situation of the industrial chain is expected to improve marginally.
The de-inventory of finished products is still continuing, coupled with the warmer macro atmosphere, and there is no sign of negative feedback in the overall industrial chain. However, the slowdown in the removal of raw materials and the decline in steel mills 'profitability have weakened the positive feedback logic, while high port inventories have also put pressure on iron ore prices.
In this context, investors are advised to maintain a volatile mindset, pay attention to the support in the 840-850 range below 2409, and pay close attention to the changes in molten iron and the intensity of terminal demand.
