Iron ore does not have a basis for price increases; the market should have rational expectations

Recently, iron ore prices have rebounded rapidly due to geopolitical conflicts in the Middle East and the quick resumption of work domestically. However, after analyzing the supply and demand relationship, it is found that the rebound lacks substantial support and there is insufficient basis for continued price increases. The market should remain rational and be wary of the risks of overheating expectations. Overall, the rebound at the end of February is more of an emotional and technical correction rather than an improvement in supply and demand, and the price increase lacks support. Under the pressure of oversupply, the upward space for iron ore prices has been sealed off, and the market should treat price fluctuations rationally