Iron Ore, Copper, Equities, Mint Finance

Umang Agrawal

Iron Ore, Copper, Equities

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

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Commodities

<ul>
<li>In February, soft mill demand and rising port inventories weighed on prices, though seasonal stockpiling suggests potential rebound once summer drawdowns begin.</li>
<li>IODEX futures remain in a downtrend after the 21DMA/100DMA bearish crossover. Muted restocking post CNY holiday kept rallies capped, even as stretched momentum signals a possible pause near support.</li>
<li>Put open interest dominates near-term expiries, while sizeable 130-strike call buildup in Apr-June 2027 maturities signals targeted longer-dated upside positioning.</li>
</ul>


In February, soft mill demand and rising port inventories weighed on prices, though seasonal stockpiling suggests potential rebound once summer drawdowns begin.
IODEX futures remain in a downtrend after the 21DMA/100DMA bearish crossover. Muted restocking post CNY holiday kept rallies capped, even as stretched momentum signals a possible pause near support.
Put open interest dominates near-term expiries, while sizeable 130-strike call buildup in Apr-June 2027 maturities signals targeted longer-dated upside positioning.


Iron Ore Monthly (February 2026): Bearish Near-Term Bias, Targeted Long-Dated Upside Positioning

<ul>
<li>Post-Holiday liquidity provided the spark, but the decisive catalyst is rising blast furnace ramp-ups, pointing to improving steel demand fundamentals across China.</li>
<li>BHP lifted iron ore output despite CMRG restrictions, with management confident a workable solution will emerge. </li>
<li>Managed money participants turning net short in iron ore reflects growing downside conviction, as investors question whether demand can absorb still-ample supply.</li>
</ul>


Post-Holiday liquidity provided the spark, but the decisive catalyst is rising blast furnace ramp-ups, pointing to improving steel demand fundamentals across China.
BHP lifted iron ore output despite CMRG restrictions, with management confident a workable solution will emerge. 
Managed money participants turning net short in iron ore reflects growing downside conviction, as investors question whether demand can absorb still-ample supply.


Iron Ore Tug-Of-War: China Liquidity Return Vs. Managed Money Short Buildup

<ul>
<li>Iron ore declined as traders cut positions before Lunar New Year, while near-record Chinese inventories and softer mill activity weighed on demand.</li>
<li>BHP delivered strong H1 performance, with revenue and earnings rising sharply, while an above-consensus dividend signalled strong cash generation and shareholder returns. </li>
<li>Bearish momentum is intensifying as MACD weakens further, volatility expands, and prices remain firmly pinned to the lower Bollinger Band.</li>
</ul>


Iron ore declined as traders cut positions before Lunar New Year, while near-record Chinese inventories and softer mill activity weighed on demand.
BHP delivered strong H1 performance, with revenue and earnings rising sharply, while an above-consensus dividend signalled strong cash generation and shareholder returns. 
Bearish momentum is intensifying as MACD weakens further, volatility expands, and prices remain firmly pinned to the lower Bollinger Band.


Iron Ore Retreat Extends as Seasonal Lull Meets Structural Selling Pressure

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

<ul>
<li>Iron ore fell 4.5% for the week ending 06/Feb as weak steel demand, rising Chinese port inventories, and a broader commodity risk-off sentiment outweighed steady blast furnace output.</li>
<li>BHP–Lundin’s Vicuña plans USD 800 million copper investment, Rio–Glencore talks collapsed, while Macquarie lifted Fortescue to Neutral.</li>
<li>SGX iron ore prices remain below short-term MAs but show signs of stabilisation, with Bollinger exhaustion and range formation pointing to a potential near-term rebound.</li>
</ul>


Iron ore fell 4.5% for the week ending 06/Feb as weak steel demand, rising Chinese port inventories, and a broader commodity risk-off sentiment outweighed steady blast furnace output.
BHP–Lundin’s Vicuña plans USD 800 million copper investment, Rio–Glencore talks collapsed, while Macquarie lifted Fortescue to Neutral.
SGX iron ore prices remain below short-term MAs but show signs of stabilisation, with Bollinger exhaustion and range formation pointing to a potential near-term rebound.


Iron Ore Under Pressure, but Positioning and Structure Point to Stabilisation

<ul>
<li>Seasonal Brazilian disruptions and Vale’s mine suspensions tighten supply, helping stabilise iron ore prices and limit near-term downside.</li>
<li>BHP reclaimed Australia’s top market cap spot and Morgan Stanley maintained bullish views, while staying cautious on Fortescue.</li>
<li>Bearish MA crossover keeps iron ore below key short-term MAs, but lower Bollinger Band support hints at rebound potential.</li>
</ul>


Seasonal Brazilian disruptions and Vale’s mine suspensions tighten supply, helping stabilise iron ore prices and limit near-term downside.
BHP reclaimed Australia’s top market cap spot and Morgan Stanley maintained bullish views, while staying cautious on Fortescue.
Bearish MA crossover keeps iron ore below key short-term MAs, but lower Bollinger Band support hints at rebound potential.


Weak Steel Demand Vs Supply Curbs, Where Does Iron Ore Go Next?

Australia

BHP Group Ltd operates as an international resources company. The Company offers mineral exploration and production, including coal, iron ore, gold, titanium, ferroalloys, nickel, and copper concentrate, as well as petroleum exploration, production, and refining. BHP Group serves customers worldwide.

Price Gauge
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BHP Group Ltd (BHP AU)

Iron Ore Monthly (February 2026): Bearish Near-Term Bias, Targeted Long-Dated Upside Positioning

Post-CNY holiday, weak restocking, rising port inventories, and near-term put positioning reinforced a cautious downside bias.

Mint Finance

Iron Ore Tug-Of-War: China Liquidity Return Vs. Managed Money Short Buildup

Iron ore futures slipped by 1.4% last week, then rebounded after blast furnaces ramp up and post-holiday liquidity push. Still, the narrative is...

Mint Finance

Iron Ore Retreat Extends as Seasonal Lull Meets Structural Selling Pressure

Iron ore markets face soft Chinese demand, miner disruptions, and entrenched technical weakness signaling sustained downside risk.

Mint Finance

Iron Ore Under Pressure, but Positioning and Structure Point to Stabilisation

Iron ore prices dropped due to weak steel demand and rising Chinese port inventories. Rio-Glencore talks collapsed. SGX iron ore prices show signs...

Mint Finance

Weak Steel Demand Vs Supply Curbs, Where Does Iron Ore Go Next?

Weak consumption, tightening supply, and cautious positioning collide as iron ore tests key support after a bearish crossover.

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Iron Ore Monthly (February 2026): Bearish Near-Term Bias, Targeted Long-Dated Upside Positioning

Post-CNY holiday, weak restocking, rising port inventories, and near-term put positioning reinforced a cautious downside bias.

Mint Finance

Iron Ore Tug-Of-War: China Liquidity Return Vs. Managed Money Short Buildup

Iron ore futures slipped by 1.4% last week, then rebounded after blast furnaces ramp up and post-holiday liquidity push. Still, the narrative is...

Mint Finance

Iron Ore Retreat Extends as Seasonal Lull Meets Structural Selling Pressure

Iron ore markets face soft Chinese demand, miner disruptions, and entrenched technical weakness signaling sustained downside risk.

Mint Finance

Iron Ore Under Pressure, but Positioning and Structure Point to Stabilisation

​Iron ore prices dropped due to weak steel demand and rising Chinese port inventories. Rio-Glencore talks collapsed. SGX iron ore prices show signs...

Mint Finance

Weak Steel Demand Vs Supply Curbs, Where Does Iron Ore Go Next?

Weak consumption, tightening supply, and cautious positioning collide as iron ore tests key support after a bearish crossover.

Mint Finance

Iron ore prices dropped due to weak steel demand and rising Chinese port inventories. Rio-Glencore talks collapsed. SGX iron ore prices show signs...