Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Iron Ore: Small Bounce From 96 to 100 USD/Ton As China Mill Margins Turn Positive

Iron Ore: Mill Spreads Continue to Improve, Bullish Ore To 110 USD/Ton

Iron Ore: Small Bounce to 100 USD/Ton On Oversold Levels

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

<ul>
<li>We reiterate positive momentum on iron ore pricing as mill spreads pass 100 RMB/ton and positive lending data from China increases optimism. Iron ore prices are now 103 USD/ton.</li>
<li>Read: <a href="https://www.smartkarma.com/insights/iron-ore-small-bounce-from-96-to-100-usd-ton-as-china-mill-margins-turn-positive" target="_blank" data-smartkarma-citation="insights:192602" rel="noopener">Iron Ore: Small Bounce From 96 to 100 USD/Ton As China Mill Margins Turn Positive</a> and <a href="https://www.smartkarma.com/insights/iron-ore-mill-spreads-continue-to-improve-bullish-ore-to-110-usd-ton" target="_blank" data-smartkarma-citation="insights:193443" rel="noopener">Iron Ore: Mill Spreads Continue to Improve, Bullish Ore To 110 USD/Ton</a>. </li>
<li>We like <a href="https://www.smartkarma.com/entities/fenix-resources-ltd" target="_blank" data-smartkarma-citation="entities:7405:1" rel="noopener">Fenix Resources (FEX AU)</a>, which is about to commission the Beebyn-W11 mine and triple its production to 4.1 million tons (vs 1.4 million tons two quarters ago).</li>
</ul>


We reiterate positive momentum on iron ore pricing as mill spreads pass 100 RMB/ton and positive lending data from China increases optimism. Iron ore prices are now 103 USD/ton.
Read: Iron Ore: Small Bounce From 96 to 100 USD/Ton As China Mill Margins Turn Positive and Iron Ore: Mill Spreads Continue to Improve, Bullish Ore To 110 USD/Ton. 
We like Fenix Resources (FEX AU), which is about to commission the Beebyn-W11 mine and triple its production to 4.1 million tons (vs 1.4 million tons two quarters ago).


Iron Ore to 110 USD/Ton: Positive TSF Data and Mill Spread Momentum Builds