Trend chart of iron ore in recent March

The black series has fallen two times since Monday, and steel companies' profits soared last week, with long-process steel rebar profits soaring by nearly 1000 yuan, reaching the highest profit level for the year, coupled with low steel stocks and a multi-day rise in the steel market. it also led to a rebound in the entire black plate. However, in terms of iron ore, the latest shipping data show a rebound in iron ore supply. According to SMM tracking data, a total of 91 ships arrived at China's main ports from 11.17 to 11.23, with an estimated port volume of 12.19 million tons, an increase of 380000 tons over the previous period. During the period, Australia's outbound port is expected to fall by 1.98 million tons to 13 million tons, and Brazil's departure is expected to fall by 160000 tons to 6.92 million tons. Outbound volume of Aoba iron ore fell by 3.37 million tons, or 14.5 per cent, compared with the same period last year. The short-term iron ore market may be suppressed by finished products. In addition, the financial data of industrial enterprises released by the National Bureau of Statistics today show that from January to October 2019, the total profits of industrial enterprises above the national scale fell 2.9% from the same period last year. Weaker macroeconomic data have also weighed on futures. Although the short-term iron ore trend or shock, but later because of this year's Spring Festival ahead of schedule, waiting for the subsequent Spring Festival steel mills to replenish the warehouse began, iron ore demand opened again, that is, over time, the more favorable iron ore.