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2026-07-13 19:20:11
[Iron Ore Port Transactions Continue to Decline, Forward Activity Increases] ⑴ On Monday, the national main port iron ore transaction volume was 473,000 tons, a decrease of 26.21% week-on-week, marking the second consecutive trading day of decline. The absolute volume fell to a low level for the week, indicating weak market purchasing intentions. ⑵ Forward spot transactions reached 630,000 tons, bucking the trend and exceeding the port spot transaction volume, indicating that some buyers prefer to lock in resources through forward channels, showing some concern about the stability of future supply. ⑶ Last week, port transactions showed a trend of rising first and then falling. After hitting a low of 473,000 tons on July 6, it rebounded sharply to 795,000 tons on July 7, and then gradually declined until it hit 473,000 tons again on Monday. The weekly high and low difference exceeded 320,000 tons, showing significant fluctuations. ⑷ Last week, the average daily transaction volume of iron ore at main ports was approximately 656,200 tons, while the average daily transaction volume of forward spot was approximately 578,800 tons. The proportion of forward transactions was at a relatively high level recently, reflecting a warming of the market's wait-and-see sentiment towards the spot market. (5) We should pay attention to the pace of steel mill restocking and changes in the arrival of imported ore. If spot transactions at ports continue to fail to recover effectively, coupled with the off-season effect of end-user demand, iron ore prices may face some adjustment pressure in the short term.
