Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

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Commodities

<ul>
<li>SGX IO Futures closed USD 4.17/ton higher for the week ending on 29/Nov. It traded in a range of USD 5.05/ton, which was smaller than the prior week.</li>
<li>Chinese portside inventories fell 1.5% to 148.5M tons for the week ending 29/Nov. China’s manufacturing PMI for November came in at 50.3, beating analyst expectations of 50.2.</li>
<li>Seasonally strong demand ahead of the Lunar New Year, improving steelmaker conditions, stimulus hopes, and robust PMI signal continued iron ore price gains.</li>
</ul>


SGX IO Futures closed USD 4.17/ton higher for the week ending on 29/Nov. It traded in a range of USD 5.05/ton, which was smaller than the prior week.
Chinese portside inventories fell 1.5% to 148.5M tons for the week ending 29/Nov. China’s manufacturing PMI for November came in at 50.3, beating analyst expectations of 50.2.
Seasonally strong demand ahead of the Lunar New Year, improving steelmaker conditions, stimulus hopes, and robust PMI signal continued iron ore price gains.


IO Weekly Technicals Review [2024/48]: Bullish Trend to Persist

<ul>
<li>SGX IO Futures closed USD 3.83/ton higher for the week ending on 22/Nov. It traded in a range of USD 6.90/ton, which was smaller than the prior week.</li>
<li>Chinese portside inventories increased by 350k tons WoW to 148.86 MT as of 22/Nov. Steel mill inventories rose 13.8% to 15.6 MT in mid-November compared to early November.</li>
<li>Iron ore prices remain well supported in the near term despite high stockpiles at Chinese ports due to strong consumption and robust steel production ahead of the Lunar New Year.</li>
</ul>


SGX IO Futures closed USD 3.83/ton higher for the week ending on 22/Nov. It traded in a range of USD 6.90/ton, which was smaller than the prior week.
Chinese portside inventories increased by 350k tons WoW to 148.86 MT as of 22/Nov. Steel mill inventories rose 13.8% to 15.6 MT in mid-November compared to early November.
Iron ore prices remain well supported in the near term despite high stockpiles at Chinese ports due to strong consumption and robust steel production ahead of the Lunar New Year.


IO Weekly Technicals Review [2024/47]: IO Uptrend to Continue

<ul>
<li>SGX Iron Ore Futures dropped to USD 96.71/ton, down USD 5.49/ton, hitting a low of USD 96.30/ton amid pressure from declining housing prices and industrial output in China.</li>
<li>Chinese portside inventories increased by 120k tons WoW to 148.51m tons last week, while average daily port discharge volumes rose by 131k tons WoW to 3.18m tons.</li>
<li>Despite weak economic data from China, SGX Iron Ore Futures may rebound in November-December as pre-Lunar New Year restocking boosts steel demand.</li>
</ul>


SGX Iron Ore Futures dropped to USD 96.71/ton, down USD 5.49/ton, hitting a low of USD 96.30/ton amid pressure from declining housing prices and industrial output in China.
Chinese portside inventories increased by 120k tons WoW to 148.51m tons last week, while average daily port discharge volumes rose by 131k tons WoW to 3.18m tons.
Despite weak economic data from China, SGX Iron Ore Futures may rebound in November-December as pre-Lunar New Year restocking boosts steel demand.


IO Weekly Technicals Review [2024/46]: IO to Rise on Seasonality

Metals, Ores, and Mining Firms, Mint Finance

Pranay Yadav

Metals, Ores, and Mining Firms

<ul>
<li>China’s new fiscal package may total 10 trillion yuan, with 4 trillion allocated for special bonds to support land and property purchases through 2025.</li>
<li>China’s manufacturing PMI rose to 50.1 in October, signaling the sector’s shift to growth after five months of contraction, supported by recent stimulus.</li>
<li>Elevated iron ore inventories, reaching near 2022 highs, are dampening import demand despite increased steel production and marginal improvements in PMI data.</li>
</ul>


China’s new fiscal package may total 10 trillion yuan, with 4 trillion allocated for special bonds to support land and property purchases through 2025.
China’s manufacturing PMI rose to 50.1 in October, signaling the sector’s shift to growth after five months of contraction, supported by recent stimulus.
Elevated iron ore inventories, reaching near 2022 highs, are dampening import demand despite increased steel production and marginal improvements in PMI data.


[IO Fundamentals 2024/44] China Fiscal Plan and Rising IO Inventories

<ul>
<li>Iron ore futures prices dipped 0.60% in the week ending November 1, despite encouraging economic data out of China.</li>
<li>61.7% weekly volume drop in FEF options reflects lower investor positioning ahead of China's parliamentary meeting. Volume PCR declined to 0.52 with higher call interest at 105 strike.</li>
<li>Implied volatility in FEF options increased across contracts by November 1, particularly affecting November and January skews, which ended below their initial levels.</li>
</ul>


Iron ore futures prices dipped 0.60% in the week ending November 1, despite encouraging economic data out of China.
61.7% weekly volume drop in FEF options reflects lower investor positioning ahead of China's parliamentary meeting. Volume PCR declined to 0.52 with higher call interest at 105 strike.
Implied volatility in FEF options increased across contracts by November 1, particularly affecting November and January skews, which ended below their initial levels.


[IO Options Weekly 2024/44] Calls Dominant Ahead of China Parliament Meeting

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
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Iron Ore (IRON ORE COMDTY)

IO Weekly Technicals Review [2024/48]: Bullish Trend to Persist

Iron ore prices rose as SGX IO Futures closed higher, Chinese portside inventories fell, and strong demand ahead of Lunar New Year and robust PMI...

Mint Finance

IO Weekly Technicals Review [2024/47]: IO Uptrend to Continue

Iron ore prices rise despite high stockpiles at Chinese ports, supported by strong consumption and robust steel production ahead of Lunar New Year.

Mint Finance

IO Weekly Technicals Review [2024/46]: IO to Rise on Seasonality

SGX Iron Ore Futures drop due to China's economic woes, as housing prices decline further and industrial output drops but rebound on the horizon...

Mint Finance

[IO Fundamentals 2024/44] China Fiscal Plan and Rising IO Inventories

China’s upcoming fiscal package could introduce 10 trillion yuan in support, focusing on real estate and local government debt. October PMI shows...

Mint Finance

[IO Options Weekly 2024/44] Calls Dominant Ahead of China Parliament Meeting

Heading into the week of China's parliamentary meeting, FEF options volume dropped while IV rose. Options volume favored calls at the 105 strike...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

IO Weekly Technicals Review [2024/48]: Bullish Trend to Persist

​Iron ore prices rose as SGX IO Futures closed higher, Chinese portside inventories fell, and strong demand ahead of Lunar New Year and robust PMI...

Mint Finance

IO Weekly Technicals Review [2024/47]: IO Uptrend to Continue

​Iron ore prices rise despite high stockpiles at Chinese ports, supported by strong consumption and robust steel production ahead of Lunar New Year.

Mint Finance

IO Weekly Technicals Review [2024/46]: IO to Rise on Seasonality

​SGX Iron Ore Futures drop due to China's economic woes, as housing prices decline further and industrial output drops but rebound on the horizon...

Mint Finance

[IO Fundamentals 2024/44] China Fiscal Plan and Rising IO Inventories

China’s upcoming fiscal package could introduce 10 trillion yuan in support, focusing on real estate and local government debt. October PMI shows...

Mint Finance

[IO Options Weekly 2024/44] Calls Dominant Ahead of China Parliament Meeting

Heading into the week of China's parliamentary meeting, FEF options volume dropped while IV rose. Options volume favored calls at the 105 strike...

Mint Finance

Iron ore prices rose as SGX IO Futures closed higher, Chinese portside inventories fell, and strong demand ahead of Lunar New Year and robust PMI...

Iron ore prices rise despite high stockpiles at Chinese ports, supported by strong consumption and robust steel production ahead of Lunar New Year.

SGX Iron Ore Futures drop due to China's economic woes, as housing prices decline further and industrial output drops but rebound on the horizon...