Comments on Everbright Futures: Boosted by real estate policies, iron ore surged 3% intraday, setting a new rebound high again.

The PMI data for August was released on Thursday morning, which was slightly higher than the previous value, and the market sentiment picked up slightly; in addition, the loosening of real estate policies in various places helped the real estate market to pick up. Yesterday, the first-tier cities took the lead in making samples. In addition, the market focuses on the adjustment of interest rates on existing mortgages, and macro expectations have strengthened significantly. From a fundamental point of view, the average daily discount remains high. Last week, the output was 2.4557 million tons, an increase of 161,700 tons year-on-year. The downstream peak season of “Golden September and Silver October” is coming, and the production enthusiasm of steel mills needs attention. The total shipments and arrivals of Australia and Pakistan have increased, the inventory of downstream steel mills has accumulated, and the port inventory has been slightly reduced. On the whole, the price of iron ore has risen strongly under the influence of tight fundamentals, repair discounts in recent months, and positive macro expectations, but the increase in shipments, losses in steel mills, and stricter regulatory policies have suppressed the upper space. , it is expected that iron ore has not yet gone out of the trend.