Overall looking
Under the dual impact of the gradual resumption of domestic steel enterprises and the disruption of overseas supply, iron ore prices have shown a smooth bottom rebound trend. Looking ahead, the expectation for the resumption of work by steel companies remains strong. Although the shipping disturbances in Australia have temporarily subsided, the rainfall situation in the northern ports of Brazil should not be ignored, and it is expected that the supporting factors for the rebound in iron ore prices will still exist. However, the problem of high iron ore inventories is also becoming increasingly prominent and difficult to resolve effectively. $SSIF DCE Iron Ore Futures Index ETF (03047.HK)$
On the supply side
The global total shipment volume is 32.458 million tons, a weekly decrease of 1.425 million tons. The total volume of 45 harbors to harbor is 25.819 million tons, an increase of 0.206 million tons compared to the previous week.
The impact of hurricanes has subsided, and considering Rio Tinto and FMG's plans to increase shipping levels in the second quarter to achieve annual targets, we expect the future shipping volume in Australia to rebound significantly. However, for Brazil, potential disruptions from rainfall still persist in shipping ports in the northern region in mid-to-late April. At the same time, the shipping of non-mainstream mines in South Africa, India, and other countries is significantly suppressed, so it is expected that the shipping volume of 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, looking at it
• Recently, the arrival of scrap steel has decreased, leading to the possibility of steel plants facing the challenge of increasing molten iron production. However, steel inventory remains at a high level, therefore still under significant inventory pressure. Although there is a demand for the rebound in molten iron production, this also requires further improvement in steel production and sales. In the short term, current port inventories are high, which will continue to exert pressure on ore prices. Despite the trend of increasing molten iron production, the weak demand for iron ore has not fundamentally improved. $SSIF DCE Iron Ore Futures Index ETF (03047.HK)$
 
On the supply side
• Global shipping total volume of 28.35 million tons, decreased by 2.87 million tons on a weekly basis; Australia's shipping volume of 15.67 million tons, decreased by 3.29 million tons on a weekly basis; Brazil's shipping volume of 6.41 million tons, increased by 0.14 million tons on a weekly basis.
Due to the impact of hurricanes in the western waters of Western Australia, the global ore shipping volume in this period experienced a decline. However, apart from the mainstream mines in Australia and Brazil, the shipping volume of non-mainstream mines continued to rise and reached a new high for the year.
 
On the demand side
• 247 steel mills' blast furnace operating rate is 76.9%, up by 0.75% from the previous week, and down by 5.83% year-on-year; blast furnace ironmaking capacity utilization rate is 82.79%, up by 0.21% compared to the previous period, and down by 6.4%

Overall, looking at it
- The price of ore has been running below $120 for two consecutive weeks, but this price drop has not brought sustained improvement in the profitability of domestic steel companies or forced non-mainstream mines around the world to reduce production. It can be seen that the price drop has not changed the weak fundamentals. Therefore, it is expected that the ore price will further decline in the later stage to seek new supply and demand balance. $SSIF DCE Iron Ore Futures Index ETF (03047.HK)$
On the supply side
- The global shipping volume is 31.256 million tons, an increase of 5.219 million tons from the previous week. The shipping volume from Australia increased by 4.26 million tons during the week, and the total volume of shipment to China was 23.77 million tons, an increase of 3.46 million tons compared to the previous week.
- The weather disturbances have ended, and the shipments from Australia have rebounded significantly, resulting in a rise in global ore shipments to a new high for the year. At the same time, shipments from Brazil and non-Australian and Brazilian mines have increased, especially in the non-mainstream sector. The recent correction in ore prices has not triggered production cuts in non-mainstream mines. Looking ahead, there is an expected hurricane disturbance in mid-March at the ports in Western Australia, and the non-mainstream mines will continue to monitor the supply disturbance caused by the decline in ore prices. It is expected that the global shipping level will further increase, but the increase will be limited, and the current high level will likely be maintained.
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
After the holiday, the high supply of ore and the slower-than-expected demand recovery are the core drivers of pressure on ore prices. Looking ahead, the high arrival volume of ore is expected to show a rhythm of suppression followed by rebound. However, due to the impact of high shipping volume, the absolute level of arrivals at ports is still at a high level for the same period. Some steel companies have delayed resumption of production, leading to an increase in production expectations for molten iron in March. However, the persistently poor profitability of steel companies also lays the groundwork for uncertainty in the resumption of steel production in the future. In summary, it is expected that ore prices will remain volatile against a backdrop of high supply. $SSIF DCE Iron Ore Futures Index ETF (03047.HK)$
On the supply side
Global shipping volume is 30.47 million tons in total, with a weekly increase of 4.58 million tons. Australia's shipping volume increased by 2.43 million tons weekly; the total volume of arrivals at 45 harbors is 25.29 million tons, a decrease of 0.01 million tons compared to last week.
After the holiday, FMG shipments have returned to normal levels, and the current ore prices have not significantly affected the production and shipment of non-mainstream mines. Therefore, global ore shipments have once again risen and reached a new high for the year. The shipments of the four major mines are expected to remain at a high level for the same period. Changes in shipments from non-mainstream mines lag behind changes in ore prices, and short-term shipments are expected to maintain high levels compared to the same period and the year.
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
-After the holiday, there is still room for a decline in the level of imported iron ore at the port, while the output of molten iron on the demand side continues to recover, and the increase in molten iron production is continuously suppressed by the poor profitability of steel enterprises. It is expected that the total inventory of imported ore will peak, and in terms of inventory structure, the port link and post-holiday inventory of steel enterprises tend to decrease, resulting in the accumulation of ore resources mainly at the port link. $SSIF DCE Iron Ore Futures Index ETF (03047.HK)$
On the supply side
-The global shipment was 25.89 million tons, a decrease of 2.66 million tons compared with the previous period. Among them, Australia shipped 14.82 million tons, a decrease of 1.31 million tons compared with the previous period, and Brazil shipped 5.74 million tons, a decrease of 1.38 million tons compared with the previous period. Non-mainstream shipping was 5.32 million tons, an increase of 0.03 million tons compared with the previous period.
-The global shipment of iron ore before the holiday was higher than the same period in the past three years, and FMG's shipment level has returned to the high level of the same period. During the long holiday, Rio Tinto had a train derailment accident, but since the derailment occurred on a double-track section, the impact is expected to be small. The level of arrival at the port is affected by the decrease in iron ore shipments from Brazil at the beginning of the year, and it is expected that the level of arrival in China will still have a certain space for decline around mid-February. Due to the impact of the Spring Festival, domestic iron ore production decreased before the holiday, and 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,...