MMi Daily Iron Ore Report (February 5)

The National Bureau of Statistics (NBS) will release key economic data on July 15, including GDP growth for Q2 and H1, as well as data on industrial output, consumption, and investment. Economists participating in the CBN Chief Economists Survey projected an average 4.5% YoY GDP growth for Q2 2026. They believe that the “K-shaped divergence” in China’s economy has become more pronounced, the economy is in a period of replacing old growth drivers with new ones, and macro policies are expected to step up efforts to stabilize growth in H2. However, the release of new growth drivers is not enough to offset the waning of old drivers, which does not alter the fundamental pattern that China’s economy remains in the painful transition of replacing old growth drivers with new ones. Measures should be taken in advance to build up policy reserves, strengthen situation monitoring and risk early warning, and formulate contingency plans, so as to use policy foresight to hedge against uncertainties in the internal and external environment.

지난주 기준 전 세계 철광석 출하량은 3,038.1만 톤으로 전주 대비 14% 감소했으며, 연간 누적 출하량은 9억 261만 400톤으로 전년 동기 대비 2% 증가했다. 이 중 호주와 브라질의 출하량 모두 눈에 띄게 감소했다. 같은 기간 중국의 철광석 항구 입항량은 2,501.5만 톤으로 전주 대비 13% 감소했고, 연간 누적 입항량은 5억 2,134만 4,800톤으로 전년 동기 대비 4% 증가했다...