Managing Partner, VRS (Valuation & Research Specialists)

VRS (Valuation & Research Specialists)

Managing Partner

Valuation & Research Specialists (VRS) is a boutique financial advisor with more than 17 years of experience in Corporate Valuation and Finance, and a diversified client base including some of the largest Companies in Greece.

Since 2002, VRS has completed more than 200 engagements in the areas of business valuation and financial analysis for more than 100 clients in a wide range of industries.

VRS has been honored to work with small and large private and publicly traded companies in Europe and overseas.

Boutique Financial Advisor

Commodities

<ul><li>According to Graph 1, during the period from May 20th, 2024 to August 23th, 2024, a consistent downward trend was observed in the prices of Iron Ore Fines 62% Fe CFR Futures – (TIOc1).</li><li>The prices gradually declined throughout the period, with a few minor fluctuations. During this period, the prices fell from around 115- 120 to just below 100.</li><li>The MA-10 and MA-20 trend lines followed a similar path, closely tracking the downward movement in prices.</li></ul>

According to Graph 1, during the period from May 20th, 2024 to August 23th, 2024, a consistent downward trend was observed in the prices of Iron Ore Fines 62% Fe CFR Futures – (TIOc1).The prices gradually declined throughout the period, with a few minor fluctuations. During this period, the prices fell from around 115- 120 to just below 100.The MA-10 and MA-20 trend lines followed a similar path, closely tracking the downward movement in prices.

Commodity Analysis - Iron Ore Fines 62% Fe CFR Futures - (TIOc1)

Junior Finance Analyst, Steno Research

Ulrik Simmelholt

Junior Finance Analyst

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macroeconomics

<ul>
<li>Take aways: Low margins and high stock levels mean that China will export its excess metal capacity. Other commodities like crude and its derivatives look weak as well. Gold only strong performing commodity in China due to domestic economic weakness .</li>
<li>Welcome to this week’s energy cable with a focus on the economic troubles in China and its impact on commodity prices.</li>
<li>This week’s piece will have a lot of charts, therefore we’ll keep the text short.</li>
</ul>


Take aways: Low margins and high stock levels mean that China will export its excess metal capacity. Other commodities like crude and its derivatives look weak as well. Gold only strong performing commodity in China due to domestic economic weakness .
Welcome to this week’s energy cable with a focus on the economic troubles in China and its impact on commodity prices.
This week’s piece will have a lot of charts, therefore we’ll keep the text short.


Energy Cable: China is killing the commodity super cycle

Hot Topics in Global Metals & Mining Each Week, BMO Equity Research Metal Matters

BMO Equity Research Metal Matters

Hot Topics in Global Metals & Mining Each Week

Featuring Colin Hamilton, Commodities analyst at BMO Capital Markets, Metal Matters discusses the hot topics in Global Metals & Mining each week.

<ul><li>China's steel industry is facing significant challenges, including price drops, overcapacity, and government intervention</li><li>Steel producers are preparing for potential consolidation and supply side reforms to address the industry crisis</li><li>Iron ore prices have also been impacted by the challenges in the steel market, with expectations for lower Chinese imports and domestic output</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

China's steel industry is facing significant challenges, including price drops, overcapacity, and government interventionSteel producers are preparing for potential consolidation and supply side reforms to address the industry crisisIron ore prices have also been impacted by the challenges in the steel market, with expectations for lower Chinese imports and domestic outputThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Metals, Ores, and Mining Firms, Mint Finance

Pranay Yadav

Metals, Ores, and Mining Firms

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.

<ul>
<li>Iron Ore Price Decline: Iron ore prices dropped 1.7% in Week 32, driven by reduced steel output and fading demand. Stimulus-driven rally failed to sustain.</li>
<li>Options Market Trends: Weekly options volume surged, with put volume increasing 106%, pushing the put/call ratio to 1.33, indicating bearish sentiment.</li>
<li>Implied Volatility Shifts: Implied volatility (IV) surged midweek, particularly for September contracts, reflecting increased market uncertainty; options skew narrowed to just 0.3% suggesting more expensive calls.</li>
</ul>


Iron Ore Price Decline: Iron ore prices dropped 1.7% in Week 32, driven by reduced steel output and fading demand. Stimulus-driven rally failed to sustain.
Options Market Trends: Weekly options volume surged, with put volume increasing 106%, pushing the put/call ratio to 1.33, indicating bearish sentiment.
Implied Volatility Shifts: Implied volatility (IV) surged midweek, particularly for September contracts, reflecting increased market uncertainty; options skew narrowed to just 0.3% suggesting more expensive calls.


[IO Weekly 2024/32] Chinese Economic Sentiment Sours, Driving Iron Ore Lower; Option Activity Surges

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Shipping / In Depth: Chinese shippers’ diverging fortunes </li><li>Macao / Macao takes aim at currency exchange services for gamblers</li><li>Personnel / Securities watchdog official named head of Shenzhen Exchange</li></ul>

Shipping / In Depth: Chinese shippers’ diverging fortunes Macao / Macao takes aim at currency exchange services for gamblersPersonnel / Securities watchdog official named head of Shenzhen Exchange

CX Daily: Chinese Shippers’ Diverging Fortunes 

Australia

Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, deep purple, to rusty red. The iron itself is usually found in the form of magnetite (Fe3O4, 72.4% Fe), hematite (Fe2O3, 69.9% Fe), goethite (FeO(OH), 62.9% Fe), limonite (FeO(OH).n(H2O)) or siderite (FeCO3, 48.2% Fe).

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Iron Ore (IRON ORE COMDTY)

Commodity Analysis - Iron Ore Fines 62% Fe CFR Futures - (TIOc1)

According to Graph 1, during the period from May 20th, 2024 to August 23th, 2024, a consistent downward trend was observed in the prices of Iron...

VRS (Valuation & Research Specialists)

Energy Cable: China is killing the commodity super cycle

Take aways: Low margins and high stock levels mean that China will export its excess metal capacityOther commodities like crude and its...

Steno Research

Making a Drama Out of a Steel Crisis

The steel industry in China is facing a crisis due to low prices, negative margins, overcapacity, and government restrictions, but there are signs...

BMO Equity Research Metal Matters

[IO Weekly 2024/32] Chinese Economic Sentiment Sours, Driving Iron Ore Lower; Option Activity Surges

Week 32 saw iron ore prices drop amid weakening Chinese steel demand, while options market activity surged, particularly in puts, signaling bearish...

Mint Finance

CX Daily: Chinese Shippers’ Diverging Fortunes

Shipping: In Depth: Chinese shippers’ diverging fortunes. Macao: Macao takes aim at currency exchange services for gamblers. Personnel: Securities...

Caixin Global

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