20251123-国新国证期货-铁矿石周评_本周震荡上涨_3页_236kb

Iron ore market for the week ending November 23, 2025, showed a steady increase with the 2601 contract rising 1.42% to close at 785.5 yuan, characterized by volatility but overall upward movement.

On the supply side, shipments from Australia and Brazil increased, with total iron ore dispatch rising by 360.12 million tons compared to the previous week. However, domestic port arrivals continued to decrease, leading to a reduction in overall inventories. The national port inventory dropped by 77,990 tons from the prior period, influenced by reduced imports and elevated throughput.

Demand weakened, with iron water production declining and high furnace utilization rates falling. Specifically, demand-related factors triggered maintenance across several regions, causing sustained production downward trends.

Overall, the market remains in a seasonal adjustment phase. Key factors to watch include supply-demand dynamics and broader economic policies.

Data sources and disclaimers are included in the original report; no claims are made regarding investment recommendations.