Overall, looking at it
Under the dual impact of the gradual resumption of work by domestic steel companies and the disruption of overseas supplies, the price of iron ore is showing a smooth bottom rebound trend. Looking ahead, the expectations for the resumption of work by steel companies remain strong. Although the shipping disruptions in Australia have temporarily eased, the rain conditions in the northern ports of Brazil cannot be ignored. It is expected that the factors supporting the rebound in iron ore prices will still exist. However, the problem of high iron ore inventories is also increasingly prominent and difficult to solve effectively. $SSIF DCE Iron Ore Futures Index ETF (03047.HK)$
On the supply side
The total global shipments amounted to 32.458 million metric tons, a weekly decrease of 1.425 million metric tons. The total shipments from 45 ports to ports reached 25.819 million metric tons, an increase of 0.206 million metric tons compared to the previous week.
- The impact of the hurricane has subsided, and considering Rio Tinto and FMG's plan to increase their shipping levels in the second quarter to achieve their annual targets, we expect the future shipping volume in Australia to recover significantly. However, for Brazil, potential disruptions due to rainfall at the northern shipping ports are still a concern in late April. At the same time, the shipping from non-mainstream mines in South Africa, India, and other countries is significantly suppressed, so it is expected that the shipping volume from these non-mainstream mines will be difficult to return to high levels.
On the demand side
- 247 steel mills have a blast furnace capacity utilization rate of 78.41%, a decrease of 0.6% compared to last week, and a decrease of 6.33% compared to the same period last year...

Overall
• Recently, there has been a decrease in the amount of scrap arriving, causing steel mills to face the possibility of increasing iron production. However, steel stocks are still at a high level, so they are still under greater inventory pressure. Although there is a recovery in demand for molten iron production, this also needs to be supported by further improvements in steel production and sales. Looking at the short term, current port stocks are high, which will continue to have a depressing effect on mineral prices. Although there is an upward trend in molten iron production, the pattern of weak demand for iron ore has not fundamentally improved. $SSIF DCE Iron Ore Futures Index ETF (03047.HK)$
 
On the supply side
• Total global shipments were 28.35 million tons, with a weekly decrease of 2.87 million tons, Australian shipments of 15.67 million tons, a weekly decrease of 3.29 million tons, Brazilian shipments of 6.41 million tons, and a weekly increase of 140,000 tons.
• Due to the impact of the hurricane in Western Australian waters, global ore shipments declined during the current period. However, with the exception of mainstream mines in Australia and Brazil, shipments from other non-mainstream mines continued to pick up and reached the next highest level during the year.
 
Demand side
• The operating rate of blast furnaces in 247 steel mills was 76.9%, an increase of 0.75% over the previous week and a decrease of 5.83% from last year; the utilization rate of blast furnace ironmaking capacity was 82.79%, up 0.21% from the previous year, a decrease of 6.4 from the previous year...

Overall, looking at it
• The ore price has been running below $120 for two consecutive weeks, but this price drop has not led to a continuous improvement in the profits of domestic steel companies or forced non-mainstream global mines to cut production. It can be seen that the price drop has not changed its fundamentally weak situation. Therefore, it is expected that the ore price will probably further decline in the later period to seek a new supply-demand balance. $SSIF DCE Iron Ore Futures Index ETF (03047.HK)$
On the supply side
• The global shipping total volume is 31.256 million tons, with a weekly increase of 5.219 million tons. Australia's shipping volume increased by 4.26 million tons on a weekly basis; the total volume of Hong Kong port arrivals is 23.77 million tons, with an increase of 3.46 million tons compared to the previous week.
The weather disturbance has ended, and shipments from Australia have rebounded significantly, leading to a global surge in ore shipments to a year-to-date high. At the same time, shipments from Brazil and non-Australian mines have increased, especially in the non-mainstream sector, recent ore price corrections have not triggered production cuts in non-mainstream mines. Looking ahead, there is a forecast for a hurricane disturbance in mid-March at the ports of Western Australia, while non-mainstream mines continue to monitor the supply disturbance caused by the ore price decline. It is expected that the global shipping levels will further increase, but the probability of maintaining the current high levels is high.
On the demand side
247 steel mills have a blast furnace operating rate of 75.6%, up 0.41% from the previous week, and a year-on-year decrease of 6.4%; the blast furnace ironmaking capacity utilization rate is 83.11%, and is being observed...

Overall, looking at it
• Post-holiday high supply of iron ore and slower-than-expected demand recovery are the core drivers of pressure on iron ore prices. Looking ahead, the high arrival volume of iron ore is expected to show a pattern of initial suppression followed by rebound. However, due to high shipping impact, the absolute level of arrivals at ports remains at a high level compared to the same period. Some steel companies have delayed resumption of production, leading to an increase in the expected increase in pig iron production in March, but the ongoing poor profitability of steel companies also lays the groundwork for uncertainty in later steel company production resumptions. In summary, it is expected that iron ore prices will fluctuate amid high supply. $SSIF DCE Iron Ore Futures Index ETF (03047.HK)$
On the supply side
• Global shipping total volume 30.47 million tons, weekly increase 4.58 million tons, Australian shipping volume weekly increase 2.43 million tons; 45 ports total arrivals 25.29 million tons, a weekly decrease of 0.01 million tons compared to the previous week.
• After the holiday, FMG's shipments have returned to normal levels, and the current ore prices have not significantly affected the production and shipments of non-mainstream mines. Therefore, global ore shipments have risen again and reached a new high for the year. The shipments of the four major mines are expected to remain at high levels, and the shipments of non-mainstream mines lag behind the changes in ore prices. Short-term shipments are expected to maintain high levels for the year as well as the same period.
On the demand side
• The blast furnace capacity utilization rate of 247 steel mills is 75.63%, a decrease of 0.74% from the previous week, and a 5.35% decrease from the same period last year; the blast furnace iron production capacity utilization rate is 83%....

Overall, looking at it
• Import ore arrival levels after the holiday still have room for decline, while iron production on the demand side continues to recover, with increased production of iron being continuously suppressed by poor steel company profits. It is expected that total imported ore inventory will peak, with a decrease in inventory levels at the port and steel company inventories after the holiday, resulting in the accumulation of ore resources mainly at the port level. $SSIF DCE Iron Ore Futures Index ETF (03047.HK)$
On the supply side
• Globally, 25.89 million tons were shipped, a decrease of 2.66 million tons compared to the previous period. Among them, Australia shipped 14.82 million tons, a decrease of 1.31 million tons compared to the previous period, Brazil shipped 5.74 million tons, a decrease of 1.38 million tons compared to the previous period, and non-mainstream shipments increased by 0.03 million tons compared to the previous period.
- Global ore shipments before the holiday were higher than the same period in the past three years, and FMG's shipment level has returned to the same high level. During the long holiday, Rio Tinto had a train derailment accident, but the impact is expected to be relatively small as the derailment occurred in a double-track section. The level of arrivals at ports is expected to decrease to a certain extent around mid-February due to the decrease in Brazilian ore shipments at the beginning of the year. Due to the influence of the Spring Festival, domestic ore production decreased before the holiday, but it is expected to recover after the holiday.
On the demand side
- Two blast furnaces are undergoing routine maintenance, which reduces the daily production of molten iron by 0.0042 million tons. The estimated operating rate is 76.53%, a decrease of 0 compared to before the holiday...

Overall
• The two major upward supports for mineral prices this week — steel companies' inventory replenishment and policy incentives were all exhausted before the holiday season. At the same time, steel companies increased maintenance before the holiday season due to poor profit levels, weakening expectations for marginal improvements in ore fundamentals. Steel companies have limited efforts to resume production after the holiday season. Overall, the average daily output of iron and water in February is difficult to return to more than 2.3 million tons. As a result, it is difficult to effectively store post-holiday ore. The port sector expects a significant increase in inventory pressure after the holiday season. $SSIF DCE Iron Ore Futures Index ETF (03047.HK)$
On the supply side
• Global shipments of 29.69 million tons, an increase of 3.4 million tons, of which Australia shipped 17.203 million tons, an increase of 2.115 million tons, and Brazil shipped 5.726 million tons, a decrease of 716,000 tons over the previous month.
• Thanks to the recovery in mainstream mine delivery levels and non-mainstream mines maintaining high shipping levels at high mineral prices, overall global ore shipments have further rebounded. Looking at the later stages, there is still room for the FMG shipment level to pick up. Combined with the weather conditions in Australia and Pakistan over the next week, there is limited disruption to shipments, and ore shipments are expected to pick up steadily. The amount of imported domestic ore arriving in Hong Kong has been declining for two consecutive weeks. Currently, the amount arriving in Hong Kong has dropped to normal levels during the same period.
Demand side
• The operating rate of blast furnaces in 247 steel mills was 76.5%, down 0.3% from the previous month; blast furnace iron production...

Overall
• The supply and demand side of ore continued to decline in the supply and demand side of the pre-holiday season and the improvement in iron and water production. However, it is expected that demand for replenishment of steel mills will gradually come to an end, and the upward support for ore will weaken. At the same time, the recent rise in mineral prices also depends on renewed efforts on the policy side, but as the Spring Festival approaches, the probability that further policies will be introduced has declined. There is a possibility that ore prices will rise and fall, but the overall trend continues to fluctuate at a high level. $SSIF DCE Iron Ore Futures Index ETF (03047.HK)$
On the supply side
• Global shipments were 26.29 million tons, a year-on-month decrease of 650,000 tons, of which Australia shipped 1.588 million tons, a decrease of 650,000 tons, Brazil shipped 6.442 million tons, 690,000 fewer tons, and non-mainstream shipments were 4.761 million tons, an increase of 690,000 tons over the previous month.
• In addition to the slow recovery of FMG shipments, shipments from other mines remained normal or high during the same period. Among them, shipments from non-mainstream mines remained high, and in the later stages, FMG shipments continued to resume. The impact of the weather in Australia and Pakistan will be weak in the next week. Global ore shipments are expected to pick up. Domestic arrival levels are expected to remain high and fall back to Hong Kong based on the decline in Australian shipments in the previous period.
Demand side
• The operating rate of blast furnaces in 247 steel mills was 76.82%, up 0.59% from last week and 0.13% from last year; utilization of blast furnace ironmaking capacity...

In the TV drama “Blossoming Flowers,” the battle between Strong and Bao is dazzling and relishing. The essence is who has the institutional temperament and who can last a long time. In fact, there is no understanding in the drama, but there is no doubt that the job of investing in stocks is a professional technique that may seem easy to get started with, but it is actually a troubling professional technique. Especially when it comes to bear markets, it's easier to fall into a situation where butterflies swim in a cesspit.
Fortunately for investors, there is another more interesting investment tool, which has become a profitable delivery issue in the bear market — iron ore ETF (3047.HK). Iron ore ETFs don't have as many bosses and tricks behind the stock investments in “Blossoming Flowers”; they are relatively simple and straightforward. $SSIF DCE Iron Ore Futures Index ETF (03047.HK)$
The price fluctuation of iron ore ETFs is divided into two parts. One is the rise and fall of the iron ore spot itself, which is affected by changes in supply and demand at the stage; the other part is tiered income, which allows investors to easily obtain more returns that surpass the rise and fall of iron ore (historical statistics). $SSIF DCE Iron Ore Futures Index ETF (09047.HK)$
 
First, price fluctuations in iron ore ETFs are closely related to iron ore spot. Iron ore prices are affected by multiple factors such as the global economic situation, supply-demand relationships, and political factors. However, for investors, there is no need to worry too much about the rise and fall of iron ore stocks,...