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.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Commodities

<ul>
<li>Chinese steel mills are ramping up production as construction activity improves, while potential weather disruptions at Port Hedland threaten near-term iron ore supply.</li>
<li>A 10-cent rise in diesel prices could add about USD 70 Mn to Fortescue’s costs and roughly USD 500m across major iron ore producers.</li>
<li>Iron ore momentum remains positive with MACD above the signal line, but RSI nearing overbought and slowing upside momentum signal near-term consolidation risk.</li>
</ul>


Chinese steel mills are ramping up production as construction activity improves, while potential weather disruptions at Port Hedland threaten near-term iron ore supply.
A 10-cent rise in diesel prices could add about USD 70 Mn to Fortescue’s costs and roughly USD 500m across major iron ore producers.
Iron ore momentum remains positive with MACD above the signal line, but RSI nearing overbought and slowing upside momentum signal near-term consolidation risk.


Iron Ore: Demand Recovery Builds, but Contract Negotiations Could Reintroduce Supply Risk

<ul>
<li>Iron ore prices rose after China tightened controls on key BHP grades, though a temporary easing for Jimblebar deliveries softened near-term supply concerns.</li>
<li>Momentum signals suggest the 65%/IODEX spread selloff may be overstretched, creating scope for a near-term technical rebound as downside pressure fades.</li>
<li>The DCE-SGX spread is losing momentum and trend support, suggesting continued downside risk unless prices reclaim key moving averages near term.</li>
</ul>


Iron ore prices rose after China tightened controls on key BHP grades, though a temporary easing for Jimblebar deliveries softened near-term supply concerns.
Momentum signals suggest the 65%/IODEX spread selloff may be overstretched, creating scope for a near-term technical rebound as downside pressure fades.
The DCE-SGX spread is losing momentum and trend support, suggesting continued downside risk unless prices reclaim key moving averages near term.


Iron Ore’s Outlook Turns Constructive as Supply Signals and Mill Activity Improve

<ul>
<li>Mild support from the Two Sessions and mid-grade ore supply concerns lifted sentiment and prices, but rising blast furnace maintenance could weigh on near-term demand.</li>
<li>CMRG has widened curbs on BHP iron ore purchases, with traders advised to scale back Mac and Newman cargoes as the contract dispute drags on.</li>
<li>Iron ore momentum is strong as RSI rises near 65, and prices break above the upper Bollinger Band, though stretched conditions suggest a possible short-term pullback.</li>
</ul>


Mild support from the Two Sessions and mid-grade ore supply concerns lifted sentiment and prices, but rising blast furnace maintenance could weigh on near-term demand.
CMRG has widened curbs on BHP iron ore purchases, with traders advised to scale back Mac and Newman cargoes as the contract dispute drags on.
Iron ore momentum is strong as RSI rises near 65, and prices break above the upper Bollinger Band, though stretched conditions suggest a possible short-term pullback.


Supply Concerns and Falling Inventories Fuel Iron Ore Rally, Though Technicals Warn of a Pause

<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

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

Australia

Fenix Resources Ltd operates as a resource exploration company. The Company explores for iron ore, vanadium, and manganese. Fenix Resources develops its projects in Australia.

Price Gauge
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Fenix Resources (FEX AU)

Iron Ore: Demand Recovery Builds, but Contract Negotiations Could Reintroduce Supply Risk

Iron ore bulls regain footing as Chinese demand improves, but rising inventories, cooling momentum, and supply negotiations threaten to cap further...

Mint Finance

Iron Ore’s Outlook Turns Constructive as Supply Signals and Mill Activity Improve

Port inventories edge higher, while blast furnace restarts and BHP’s grade restrictions could gradually tighten market balance in coming weeks.

Mint Finance

Supply Concerns and Falling Inventories Fuel Iron Ore Rally, Though Technicals Warn of a Pause

Iron ore climbed nearly 3% last week on supply chatter and falling port inventories, though rising blast furnace maintenance signals softer steel...

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 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

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Iron Ore: Demand Recovery Builds, but Contract Negotiations Could Reintroduce Supply Risk

Iron ore bulls regain footing as Chinese demand improves, but rising inventories, cooling momentum, and supply negotiations threaten to cap further...

Mint Finance

Iron Ore’s Outlook Turns Constructive as Supply Signals and Mill Activity Improve

Port inventories edge higher, while blast furnace restarts and BHP’s grade restrictions could gradually tighten market balance in coming weeks.

Mint Finance

Supply Concerns and Falling Inventories Fuel Iron Ore Rally, Though Technicals Warn of a Pause

Iron ore climbed nearly 3% last week on supply chatter and falling port inventories, though rising blast furnace maintenance signals softer steel...

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 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

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