News summary

Newsletter text

[Iron ore supply and demand have increasedpowerballsaturday, blast furnace production continues, and market expectations improve marginally]

On May 9, expert analysis showed that due to the replenishment behavior of steel mills before May Day, port inventories gradually shifted to downstream steel mills. Although the recovery rate of molten iron was slow, the overall market atmosphere was driven by favorable policies at the macro level. Warm. Currently, the shipment volume of foreign mines is picking up, but the smoothness of port inventory removal remains to be seen, resulting in high port inventories and creating certain market pressure. In the short term, with the resumption of production of blast furnaces and the removal of finished products from storage, there is insufficient motivation for the decline in iron ore prices. Investors can pay attention to changes in molten iron and terminal demand to judge the direction of the iron ore market. Regarding the iron ore price support range that the market is concerned about, professionals advise investors to pay attention to the price range of 840-850 to assess market dynamics. When analyzing the iron ore market, we must not only pay attention to the relationship between supply and demand, but also pay close attention to changes in macroeconomic policies and market sentiment.