The improvement in the iron ore supply and demand pattern has been limited. The profit situation of steel mills has improved, and the consumption of ore terminals has continued to rise. The average daily iron and water production of the sample steel mill and imported ore continued to increase month-on-month, providing support for mineral prices. However, it is important to note that the sharp loss situation has not changed, and it is difficult for the steel market to withstand a sharp increase in production. It is expected that the recovery in ore demand will be limited. At the same time, the domestic port iron ore arrival chain is picking up, and the corresponding overseas miner shipments continue to pick up. According to the shipping schedule, domestic port delivery volume continues to be high, compounded by the continuous recovery of domestic mine production, and iron ore supply remains high. Looking at it now, demand for ore continues to rise but space is limited, while supply remains high, and improvements in ore fundamentals are limited. The direct reflection is that high inventories continue to accumulate, and mineral prices will still operate under pressure. What is relatively favorable is that domestic policy expectations are fulfilled, and strong expectation logic dominates the market. It is expected that mineral prices will maintain a strong operating trend in the short term, and pay attention to the performance of raw materials.

The improvement in the iron ore supply and demand pattern has been limited. The profit situation of steel mills has improved, and the consumption of ore terminals has continued to rise. The average daily iron and water production of the sample steel mill and imported ore continued to increase month-on-month, providing support for mineral prices. However, it is important to note that the sharp loss situation has not changed, and it is difficult for the steel market to withstand a sharp increase in production. It is expected that the recovery in ore demand will be limited. At the same time, the domestic port iron ore arrival chain is picking up, and the corresponding overseas miner shipments continue to pick up. According to the shipping schedule, domestic port delivery volume continues to be high, compounded by the continuous recovery of domestic mine production, and iron ore supply remains high. Looking at it now, demand for ore continues to rise but space is limited, while supply remains high, and improvements in ore fundamentals are limited. The direct reflection is that high inventories continue to accumulate, and mineral prices will still operate under pressure. What is relatively favorable is that domestic policy expectations are fulfilled, and strong expectation logic dominates the market. It is expected that mineral prices will maintain a strong operating trend in the short term, and pay attention to the performance of raw materials.