Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

Equity, Bottom-up Analyst

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

Commodities

<ul>
<li>The short term is suddenly looking bullish for iron ore, as rumors abound that tier-1 cities in China may remove home-buying restrictions in May, and <a href="https://www.barrons.com/news/china-offers-nearly-1-400-for-car-trade-ins-2da76711?mod=news_archive" target="_blank" rel="noopener">auto stimulus</a> measures were announced. </li>
<li>Cities like <a href="https://www.businesstimes.com.sg/property/chinese-city-chengdu-relaxes-home-buying-rule-revive-sales" target="_blank" rel="noopener">Chengdu</a> and Nanjing have already announced measures to make home-buying more attractive, such as removing purchase qualifications and pilot programs for old-for-new home housing. </li>
<li>We like 62% Fe and see it trade up to its upper limit of 130 USD/ton (vs. current 117 USD/ton). On equities, we like <a href="https://www.smartkarma.com/entities/vale-sa" target="_blank" data-smartkarma-citation="entities:23731:1" rel="noopener">Vale (VALE US)</a> .</li>
</ul>


The short term is suddenly looking bullish for iron ore, as rumors abound that tier-1 cities in China may remove home-buying restrictions in May, and auto stimulus measures were announced. 
Cities like Chengdu and Nanjing have already announced measures to make home-buying more attractive, such as removing purchase qualifications and pilot programs for old-for-new home housing. 
We like 62% Fe and see it trade up to its upper limit of 130 USD/ton (vs. current 117 USD/ton). On equities, we like Vale (VALE US) .


Iron Ore and The China Property/Auto Stimulus Angle

Breaking Down the Mining News of the Day, Money of Mine

Money of Mine

Breaking Down the Mining News of the Day

An ex-underground miner, an ex-investment banker, and an ex-equity research guy breaking down the mining news of the day. It's a bit of entertainment, information, and occasionally some alpha.

<ul><li>Hugh Mackay provides insights into the future of iron ore, copper, and steel dynamics</li><li>China's recent stimulus announcement and its impact on global commodity markets</li><li>Challenges faced by Chinese authorities in addressing deflation and household sector confidence.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Hugh Mackay provides insights into the future of iron ore, copper, and steel dynamicsChina's recent stimulus announcement and its impact on global commodity marketsChallenges faced by Chinese authorities in addressing deflation and household sector confidence.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

What China’s trajectory mean for commodities (Huw McKay)

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>The Chinese markets have warmly welcomed this morning’s news that the People’s Bank of China (PBOC) plans to introduce significant stimulus measures, surpassing market expectations.</li><li>The most notable measure involves reducing borrowing costs on up to USD 5.3 trillion in mortgages and easing rules for second-home purchases.</li><li>This has brought growth back into the spotlight.</li></ul>

The Chinese markets have warmly welcomed this morning’s news that the People’s Bank of China (PBOC) plans to introduce significant stimulus measures, surpassing market expectations.The most notable measure involves reducing borrowing costs on up to USD 5.3 trillion in mortgages and easing rules for second-home purchases.This has brought growth back into the spotlight.

The Drill: Will China move commodity markets?

<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.

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)

Iron Ore and The China Property/Auto Stimulus Angle

We outline the latest measures taken by China to boost property and auto consumption. Collectively accounting for 35% of steel demand in China....

Sameer Taneja

What China’s trajectory mean for commodities (Huw McKay)

Hugh Mackay discusses the impact of commodities on the economy, particularly in relation to China's recent stimulus package and challenges with...

Money of Mine

The Drill: Will China move commodity markets?

The Chinese markets have warmly welcomed this morning’s news that the People’s Bank of China (PBOC) plans to introduce significant stimulus...

Steno Research

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

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