Xinhu Futures: Waiting For The Downstream Demand Feedback Of The Black Chain, Iron Ore Continued High Short-term Shocks

Yesterday, the main contract of even rail oscillated, up 0.17%, closing 860.5. From the basic point of view, the supply side, overseas shipments increased steadily, in line with seasonal increments; Demand side, hot metal continued high, follow-up attention to hot metal peak fall turning point, however, considering the "eleven" festival before the steel mill raw material low inventory situation or will release just need to replenish the demand, the market is still optimistic about the near-end iron ore demand. In summary, the short-term iron ore itself is fundamentally neutral, but the black downstream demand in the peak season is slightly weaker, steel mill profits are low, the formation of iron ore suppression, short-term or continued high shocks, waiting for further feedback on the demand for materials.