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>
Five Things to Know About China’s Overarching Financial Stability Law
</li>
<li>
Chinese citizens submitted 20% more requests for government information in 2021
</li>
<li>
China’s Covid outbreaks take bite out of local economic growth
</li>
</ul>



Five Things to Know About China’s Overarching Financial Stability Law


Chinese citizens submitted 20% more requests for government information in 2021


China’s Covid outbreaks take bite out of local economic growth



CX Daily: Five Things to Know About China’s Overarching Financial Stability Law

Commodities

<ul><li>China’s steel market has entered a period of slower growth due to weakened supply and demand from domestic Covid-19 flare-ups and conflicts overseas, a ministry official said.</li><li>As China confronts its worst Covid outbreak since April 2020, the steel inventories of major producers hit a <a href="https://www.caixinglobal.com/2022-04-15/chinas-steel-stockpiles-swell-as-covid-crimps-demand-and-curtails-deliveries-101871009.html" target="_blank" rel="noopener">two-year high</a> of 18.5 million tons earlier this month, as pandemic controls curbed demand and disrupted transportation.</li><li>On the supply side, China’s crude steel output fell 10.5% year-on-year in the first quarter of 2022, while the added value of China’s ferrous metal smelting and processing industry slid 2.4% year-on-year, according to figures from the National Bureau of Statistics (NBS).</li></ul>

China’s steel market has entered a period of slower growth due to weakened supply and demand from domestic Covid-19 flare-ups and conflicts overseas, a ministry official said.As China confronts its worst Covid outbreak since April 2020, the steel inventories of major producers hit a two-year high of 18.5 million tons earlier this month, as pandemic controls curbed demand and disrupted transportation.On the supply side, China’s crude steel output fell 10.5% year-on-year in the first quarter of 2022, while the added value of China’s ferrous metal smelting and processing industry slid 2.4% year-on-year, according to figures from the National Bureau of Statistics (NBS).

China’s Steel Industry Is In for Slower Growth, Ministry Official Says

<ul><li>Group-buying / In Depth: The shake-out of China’s community group-buying market</li><li>Huawei / Huawei’s 2021 net profit soars 76% even as revenue plummets</li><li>Tax relief / China offers tax relief for workers with children under age 3</li></ul>

Group-buying / In Depth: The shake-out of China’s community group-buying marketHuawei / Huawei’s 2021 net profit soars 76% even as revenue plummetsTax relief / China offers tax relief for workers with children under age 3

CX Daily: The Shake-Out of China’s Community Group-Buying Market

<ul><li>In Depth: Chinese firms bending over backward to offer foldable phones</li><li>Shanghai says no plan to seal off entire city of 25 million</li><li>Chinese stocks get another drubbing as uncertainty overwhelms investors</li></ul>

In Depth: Chinese firms bending over backward to offer foldable phonesShanghai says no plan to seal off entire city of 25 millionChinese stocks get another drubbing as uncertainty overwhelms investors

CX Daily: Chinese Firms Bending Over Backward to Offer Foldable Phones

Managing Director

Elan Gore

TMI Data Science

TMI Data Science utilizes Natural Language Processing to build custom leading indicators using unstructured data sourced from the global financial, trade & traditional media.  Our proprietary software, TMI Machine, is a text-mining platform designed with the buy-side & capital markets professional in mind, text-mining the global media to discern and quantify nuanced qualitative shifts in press coverage as they apply to macroeconomics, equity indexes/ETFs, commodities, currencies, fixed income & individual equities.  TMI provides custom leading indicators and systematic trading strategies, operating at the nexus of linguistics & statistics drawing on vast experience in investment banking and hedge fund settings in senior quantitative and fundamental roles.  

TMI Data Science was founded by Elan Gore, an award-winning Senior Global Basic Materials Equity Analyst & China Economist with 15 years of experience in North American hedge funds & institutional managers; and Alessandro Porrino, Ph.D., an Algorithmic Trading Analyst and Programmer with 10 years of front-office experience ranging from complex FX option pricing to auto-hedging strategies at Bank of America Merrill Lynch and Standard Chartered.  Mr. Gore holds an MBA in Finance from New York University Stern School of Business, and Mr. Porrino holds a Ph.D. in Systems Engineering from Brunel University London.

<ul>
<li>Last month our text-mined indicators pointed to a year-end surge in raw materials restocking coupled with an extraordinary spike in general reporting on price increases globally</li>
<li>With a seasonal slowdown ahead of the Lunar New Year holiday and mobility restrictions, the restocking has faded; buildups in iron ore, steel and zinc inventories confirm a pause in momentum</li>
<li>Despite crowded positioning, copper maintained low beta to mining equities with a single-digit correction vs. the equities correcting closer to -10%; so far both remain near 50DMAs</li>
<li>Our text-mined copper sentiment indicator peaked at a multi-year high of +4.2x STDEVs on January 2, pulling back in recent weeks closer to neutral readings; however sharp, attribution finds the pullback is still primarily associated with pre-LNY seasonal slowdown and the relatively firm USD (as conviction levels on structural copper tightness remain high amid lean inventories)</li>
<li>Lithium sentiment stands out in the YTD, improving to +2x STDEVs on the lithium carbonate spot recovery and improving EV data points</li>
<li>Iron ore and steel diffusion indices have been dropping sharply in the YTD on falling utilization, building inventories and compressing mill margins, finally down to outright negative territory on first signs of vol in iron ore this week</li>
</ul><div class="content-highlight">TMI Data Science utilizes Natural Language Processing to build custom leading indicators using unstructured data sourced from the global financial, trade &amp; traditional media. Our proprietary tool text-mines the global media to discern and quantify nuanced qualitative shifts in press coverage as they apply to macroeconomics, equity indexes/ETFs, commodities, currencies, fixed income &amp; individual equities. </div>


Last month our text-mined indicators pointed to a year-end surge in raw materials restocking coupled with an extraordinary spike in general reporting on price increases globally
With a seasonal slowdown ahead of the Lunar New Year holiday and mobility restrictions, the restocking has faded; buildups in iron ore, steel and zinc inventories confirm a pause in momentum
Despite crowded positioning, copper maintained low beta to mining equities with a single-digit correction vs. the equities correcting closer to -10%; so far both remain near 50DMAs
Our text-mined copper sentiment indicator peaked at a multi-year high of +4.2x STDEVs on January 2, pulling back in recent weeks closer to neutral readings; however sharp, attribution finds the pullback is still primarily associated with pre-LNY seasonal slowdown and the relatively firm USD (as conviction levels on structural copper tightness remain high amid lean inventories)
Lithium sentiment stands out in the YTD, improving to +2x STDEVs on the lithium carbonate spot recovery and improving EV data points
Iron ore and steel diffusion indices have been dropping sharply in the YTD on falling utilization, building inventories and compressing mill margins, finally down to outright negative territory on first signs of vol in iron ore this week
TMI Data Science utilizes Natural Language Processing to build custom leading indicators using unstructured data sourced from the global financial, trade &amp; traditional media. Our proprietary tool text-mines the global media to discern and quantify nuanced qualitative shifts in press coverage as they apply to macroeconomics, equity indexes/ETFs, commodities, currencies, fixed income &amp; individual equities. 

TMI Snapshot:  Metals Points - Restocking Pauses, Copper Sentiment Pulls Back from Extremes

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).

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Iron Ore (IRON ORE COMDTY)

CX Daily: Five Things to Know About China’s Overarching Financial Stability Law

Five Things to Know About China’s Overarching Financial Stability Law. Chinese citizens submitted 20% more requests for government information in 2021

Caixin Global

China’s Steel Industry Is In for Slower Growth, Ministry Official Says

China’s steel market has entered a period of slower growth due to weakened supply and demand from domestic Covid-19 flare-ups and conflicts...

Caixin Global

CX Daily: The Shake-Out of China’s Community Group-Buying Market

The shake-out of China’s community group-buying market; China doles out support for businesses amid worst Covid outbreak since 2020

Caixin Global

CX Daily: Chinese Firms Bending Over Backward to Offer Foldable Phones

In Depth: Chinese firms bending over backward to offer foldable phones. Shanghai says no plan to seal off entire city of 25 million

Caixin Global

TMI Snapshot: Metals Points - Restocking Pauses, Copper Sentiment Pulls Back from Extremes

The year-end restocking trade has faded into the Lunar New Year, dragging on the reflation trade. Lithium sentiment is the only standout this...

Elan Gore

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)