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데이터 기준일: 2026-10-16 · 결제 기준: 거래소 결제가(베이징 시간 15:00 종가, 전일 결제 대비)

Iron Ore (DCE.I) In-Depth Analysis Report | Range-Bound with Bullish Bias on Short Covering | 2026-10-18

The current directional view for iron ore (I2701) is bullish-biased. Core logic: overnight short covering drove a price rebound, the technical picture holds above the pivot support, and international and China market premiums are at relatively high levels. Although net short positions among the top 20 seats expanded, the rise in price on reduced nominal open interest of the main contract indicates active exit by shorts. Short-term target is the upper band of the 20-day channel at 727.5; the thesis is invalidated if the daily close falls below 666.67. This report is based on 2026-10-16 settlement data and an intraday snapshot from 10-18, focusing on changes in supply-demand and capital flows.