Iron ore lacks the basis for price increases; the market should have rational expectations.

Golden Ten Data Futures, March 13 - Recently, due to the outbreak of geopolitical conflicts in the Middle East and the resumption of work after the domestic holidays, iron ore prices have rebounded rapidly, attracting market attention. However, a deeper analysis of the current supply and demand relationship for iron ore reveals that the rebound lacks substantial support and does not have the foundation for sustained price increases. All parties in the market should remain rational and be alert to the real risks behind overheated expectations. Overall, the rebound in iron ore prices at the end of February was more of an emotional and technical correction, rather than an improvement based on supply and demand fundamentals, and the rise lacks supporting grounds. Under the ongoing pressure of supply surplus, the upside space for iron ore prices has been firmly sealed. All parties in the market should look beyond short-term fluctuations, recognize the fundamental pattern, and approach price volatility rationally.