节点：上游（原材料/资源端）位置：上游情绪：利空参考度：5/10
2025年全球铁矿石出口格局分化显著。据外媒统计，澳大利亚、巴西依托产量扩容与运营效率优化持续扩量出口，南非出口基本持平，印度则受国内需求升温及市场谨慎情绪拖累，出口量同比骤降约30%，全球铁矿石贸易流向因此出现结构性调整。
澳大利亚2025年铁矿石及球团矿出口量达8.875亿吨，同比增长2.7%；12月单月发运量8650万吨，环比增长17.5%，主因下半年天气转好，矿山在年初气旋影响后集中补发货源。中国为其最大进口市场，日本、韩国紧随其后。Rio Tinto、BHP、Fortescue等头部企业主导出口，Western Range、Iron Bridge、South Flank等新项目投产是发运增量的核心支撑。
巴西2025年铁矿石出口显著回升，全年出口量同比增长12%至4.1479亿吨；12月出口3752万吨，环比增长4.1%。受中国市场需求拉动，巴西矿企年末加大发运力度，叠加Vale等主力矿山高负荷运...
The complete content requires login
You can view the full content after logging in. If you don't have an account, please register first.
This Website publishes publicly available information that SMMNN deems reliable, but makes no warranty as to the accuracy or completeness of such information. The information provided by SMMNN is for reference only and does not constitute investment advice to any entity. Members of the Website shall not replace their own independent judgment with such information.
