Overall
• Under the dual influence of the gradual resumption of work by domestic steel companies and disruptions in overseas supply, ore prices showed a smooth rebound trend at a low level. Looking ahead, expectations for steel companies to resume work are still strong. Although Australia's shipping disruptions have temporarily subsided, the rainfall situation in Brazil's northern ports cannot be ignored, and it is expected that the supporting factors for the rebound in ore prices will still exist. However, the problem of high ore stocks is also becoming more and more prominent, and it is difficult to effectively solve it. $SSIF DCE Iron Ore Futures Index ETF(03047.HK)$
On the supply side
• Total global shipments were 32.458 million tons, a weekly decrease of 1,425 million tons, and a total of 258.19 million tons arriving at 45 ports, an increase of 206,000 tons over the previous week.
• The impact of the hurricane has subsided. As Rio Tinto and FMG plan to increase shipping levels in the second quarter to meet fiscal year targets, we expect a marked recovery in Australian shipments in the future. However, for Brazil, the northern shipping port still faces potential disruptions from rainfall in mid-late April. At the same time, shipments from non-mainstream mines such as South Africa and India have been clearly curtailed, so it is expected that it will be difficult for the shipment volume of these non-mainstream mines to rise again to a high level.
Demand side
• The operating rate of blast furnaces in 247 steel mills was 78.41%, down 0.6 percent from last week and 6.33% from 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
• Ore prices have been running below $120 for two consecutive weeks, but this price drop has not been exchanged for continuous improvement in domestic steel companies' profits and failure to force global non-mainstream mines to cut production. It can be seen that the price drop did not change their weak fundamentals. Therefore, it is expected that mineral prices will decline further in the later stages to seek a new balance between supply and demand. $SSIF DCE Iron Ore Futures Index ETF(03047.HK)$
On the supply side
• Total global shipments were 31.256 million tons, with a weekly increase of 5.219 million tons; Australian shipments increased by 4.26 million tons on a weekly basis; total inbound volume from 45 ports was 23.77 million tons, an increase of 3.46 million tons over the previous week.
• The weather disturbances ended, and Australian shipments rebounded significantly, causing global ore shipments to rise back to a high level during the year. Meanwhile, shipments from Brazil and non-Australian and Brazilian mines increased, especially on the non-mainstream side. The recent correction in mineral prices did not trigger production cuts in non-mainstream mines. Looking back, Western Australia ports are expected to be disrupted by hurricanes in mid-March, while non-mainstream mines continue to pay attention to falling mineral prices and supply disruptions. Further increases in global shipping levels are expected to be limited, and it is likely that they will maintain the current high level.
Demand side
• The operating rate of blast furnaces in 247 steel mills was 75.6%, an increase of 0.41% over the previous week and a decrease of 6.4% from last year; the utilization rate of blast furnace ironmaking capacity was 83.11%, Huan...

Overall
• The high supply and demand recovery of ore after the holiday season is the core driver of the pressure on mineral prices. In the later stages, the high arrival volume of ore is expected to show a changing rhythm of first restraint and then growth, but under the influence of high shipments, the absolute level of arrival in Hong Kong remains high during the same period. Some steel companies delayed resuming production, leading to an increase in iron and water production expectations in March, but the continued poor profits of steel companies also laid the groundwork for uncertainty about steel companies' resumption of production in the later stages. In summary, mineral prices are expected to remain volatile in the context of high supply. $SSIF DCE Iron Ore Futures Index ETF(03047.HK)$
On the supply side
• Total global shipments were 30.47 million tons, with a weekly increase of 4.58 million tons; Australian shipments increased by 2.43 million tons on a weekly basis; total inbound volume from 45 ports was 25.29 million tons, a decrease of 10,000 tons over the previous week.
• After the holiday season, FMG shipments returned to normal levels, and current ore prices had no significant impact on non-mainstream mine production and delivery, so global ore shipments rebounded again and reached a new high during the year. Shipments from the four major mines are expected to remain high during the same period, changes in non-mainstream mine shipments lag behind changes in mineral prices, and short-term shipments are expected to maintain high levels during the year and during the same period.
Demand side
• The operating rate of blast furnaces in 247 steel mills was 75.63%, down 0.74 percent from last week and 5.35% from last year; the utilization rate of blast furnace ironmaking capacity was 83...

Overall
• There is still room for decline in the arrival level of imported ore after the holiday season, while demand-side iron and water production continues to recover. The increase in iron water production continues to be suppressed by poor profits of steel companies. It is expected that total imported ore inventories will peak. In terms of inventory structure, the port pressure process and steel companies' inventories tend to decline after the holiday season, causing ore resources to accumulate mainly in the port sector. $SSIF DCE Iron Ore Futures Index ETF(03047.HK)$
On the supply side
• Global shipments were 25.89 million tons, a decrease of 2.66 million tons, of which Australia shipped 14.82 million tons, a decrease of 1.31 million tons, Brazil shipped 5.74 million tons, a decrease of 1.38 million tons, and non-mainstream shipments were 5.32 million tons, an increase of 30,000 tons over the previous month.
• Global ore shipments before the holiday season were higher than the same period in nearly three years, and FMG shipments have returned to a high level during the same period. Rio Tinto's train derailment accident occurred during the long vacation. Since the derailment occurred on the double track section, the impact is expected to be small. The arrival level was affected by the decline in Brazilian ore shipments at the beginning of the year. It is expected that the domestic arrival level will still have some room to decline around mid-February. Affected by Spring Festival factors, domestic mineral output declined before the holiday season and is expected to recover after the holiday.
Demand side
• There are 2 blast furnace maintenance. This is routine maintenance. The average daily reduction in molten iron production is 0.42 thousand tons. The estimated operating rate is 76.53%, down 0 from before the holiday season...

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.
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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,...