Recently, some steel mills in China resumed production. In early December, crude steel production of China's key steel enterprises recovered significantly.

Meanwhile, the macro-level policy of steady growth was expected to continue to strengthen, driving the recovery of the iron ore market, and prices have continuously rebounded.

With the rise in prices of materials, steel mills' profits recovery, expected strong resumption of production, iron ore demand was expected to improve. However, as the port inventory hit a new high, iron ore supply and demand has not improved, the later stage is mainly concerned with the actual demand, it was expected that next week's mine price to maintain shock operation.