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.

Commodities

<ul>
<li>SGX Iron Ore futures closed 55 cents higher at $92.80/ton, after fluctuating between a $95.55/ton high and $89.60/ton low.</li>
<li>Short-Term technicals reveal bearishness as the 9-day moving average fell below the 21-day, triggering a death cross signal.</li>
<li>Iron ore prices failed to sustain a 50% Fibonacci retracement level, indicating weak market support amid poor fundamentals.</li>
</ul>


SGX Iron Ore futures closed 55 cents higher at $92.80/ton, after fluctuating between a $95.55/ton high and $89.60/ton low.
Short-Term technicals reveal bearishness as the 9-day moving average fell below the 21-day, triggering a death cross signal.
Iron ore prices failed to sustain a 50% Fibonacci retracement level, indicating weak market support amid poor fundamentals.


[IO Technicals Weekly 2024/​37] Volatility Eases as IO Trades At Support Level

<ul>
<li>China's industrial production grew 4.5% YoY in August, missing the 4.7% forecast and marking the slowest growth since March.</li>
<li>Property investment fell 10.2% YoY YTD, with house prices declining 5.3% YoY, the steepest since 2015.</li>
<li>Iron ore imports dropped 1.38% MoM as port inventories rose continued rising into September. Typhoon Bebinca disruptions may drive inventory drawdown in coming weeks.</li>
</ul>


China's industrial production grew 4.5% YoY in August, missing the 4.7% forecast and marking the slowest growth since March.
Property investment fell 10.2% YoY YTD, with house prices declining 5.3% YoY, the steepest since 2015.
Iron ore imports dropped 1.38% MoM as port inventories rose continued rising into September. Typhoon Bebinca disruptions may drive inventory drawdown in coming weeks.


[IO Fundamentals Weekly 2024/37] China’s Housing Crisis Intensifies, Clouding IO Recovery Outlook

<ul>
<li>Iron ore prices declined 9.4% last week, closing below the monthly S1 pivot point, indicating resistance.</li>
<li>Despite a brief 0.75% rise on Friday, prices signaled a bearish crossover in the 9D and 21D SMAs, reinforcing negative sentiment.</li>
<li>The 91-price level remains strong support, with key resistance levels at 93.9, 95.7, and 98.9. A sharp reversal could push prices to 96.5 or higher.</li>
</ul>


Iron ore prices declined 9.4% last week, closing below the monthly S1 pivot point, indicating resistance.
Despite a brief 0.75% rise on Friday, prices signaled a bearish crossover in the 9D and 21D SMAs, reinforcing negative sentiment.
The 91-price level remains strong support, with key resistance levels at 93.9, 95.7, and 98.9. A sharp reversal could push prices to 96.5 or higher.


[IO Technicals Weekly 2024/36] Iron Ore Futures Face Bearish Pressure but Encounters Support

<ul>
<li>Iron ore futures rose 5.3% last week but declined 3% on September 2nd, signaling a potential continuation of the downtrend.</li>
<li>Technical indicators such as RSI, MACD, and Bollinger Bands suggest a short-term downtrend, with price struggling to break above the 21-day moving average.</li>
<li>Elevated historical volatility near a 4-month high indicates that market instability may persist, suggesting caution in trade setups.</li>
</ul>


Iron ore futures rose 5.3% last week but declined 3% on September 2nd, signaling a potential continuation of the downtrend.
Technical indicators such as RSI, MACD, and Bollinger Bands suggest a short-term downtrend, with price struggling to break above the 21-day moving average.
Elevated historical volatility near a 4-month high indicates that market instability may persist, suggesting caution in trade setups.


[IO Technicals Weekly 2024/35] Price Recovery Stalls Amid Elevated Volatility and Downtrend Resumes

<ul>
<li>Despite sharp price moves, iron ore options activity was muted with a sharp decline in put volumes.</li>
<li>The DCE/SGX spread widened from 4.6% to 7.5% as DCE futures traded at a premium.</li>
<li>SGX Iron Ore options volume fell by 31.8% WoW, with increased call activity focused on September expiries at the 105 strike.</li>
</ul>


Despite sharp price moves, iron ore options activity was muted with a sharp decline in put volumes.
The DCE/SGX spread widened from 4.6% to 7.5% as DCE futures traded at a premium.
SGX Iron Ore options volume fell by 31.8% WoW, with increased call activity focused on September expiries at the 105 strike.


[IO Options Weekly 2024/35] Iron Ore Continues Rising But Demand Headwinds Persist

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 Technicals Weekly 2024/37] Volatility Eases as IO Trades At Support Level

SGX Iron Ore futures closed nearly flat last week, as technical indicators signal bearish momentum. Broader market sentiment and weak fundamentals...

Mint Finance

[IO Fundamentals Weekly 2024/37] China’s Housing Crisis Intensifies, Clouding IO Recovery Outlook

China's economic struggles intensify as industrial production and property markets falter. Declining steel demand, rising inventories and weak...

Mint Finance

[IO Technicals Weekly 2024/36] Iron Ore Futures Face Bearish Pressure but Encounters Support

Iron ore futures fell 9.4% last week, dipping below critical support levels. Despite persistent bearish sentiment, prices found strong support at...

Mint Finance

[IO Technicals Weekly 2024/35] Price Recovery Stalls Amid Elevated Volatility and Downtrend Resumes

Iron ore prices experienced a brief recovery but have resumed their downtrend as technical indicators signal further weakness. Fundamentals are...

Mint Finance

[IO Options Weekly 2024/35] Iron Ore Continues Rising But Demand Headwinds Persist

Last week, iron ore futures surged 5.3%, only to drop 3% on Monday. The DCE/SGX spread widened as Chinese futures gained a premium, and SGX options...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[IO Technicals Weekly 2024/​37] Volatility Eases as IO Trades At Support Level

SGX Iron Ore futures closed nearly flat last week, as technical indicators signal bearish momentum. Broader market sentiment and weak fundamentals...

Mint Finance

[IO Fundamentals Weekly 2024/37] China’s Housing Crisis Intensifies, Clouding IO Recovery Outlook

China's economic struggles intensify as industrial production and property markets falter. Declining steel demand, rising inventories and weak...

Mint Finance

[IO Technicals Weekly 2024/36] Iron Ore Futures Face Bearish Pressure but Encounters Support

Iron ore futures fell 9.4% last week, dipping below critical support levels. Despite persistent bearish sentiment, prices found strong support at...

Mint Finance

[IO Technicals Weekly 2024/35] Price Recovery Stalls Amid Elevated Volatility and Downtrend Resumes

Iron ore prices experienced a brief recovery but have resumed their downtrend as technical indicators signal further weakness. Fundamentals are...

Mint Finance

[IO Options Weekly 2024/35] Iron Ore Continues Rising But Demand Headwinds Persist

Last week, iron ore futures surged 5.3%, only to drop 3% on Monday. The DCE/SGX spread widened as Chinese futures gained a premium, and SGX options...

Mint Finance

[IO Technicals Weekly 2024/37] Volatility Eases as IO Trades At Support Level