Iron Ore and A-share Market Weekly Report and Global Capital Market Weekly Report
Overall
• Total global iron ore shipments have increased slightly, and maintenance and rainfall have decreased, so subsequent supply is relatively stable. $SSIF DCE Iron Ore Futures Index ETF(03047.HK$
• The operating rate of blast furnaces continues to increase, demand for infrastructure steel has increased, and real estate has recovered.
• The NDRC remains concerned about iron ore prices rising too fast, and is wary of the risk of falling mineral prices.
On the supply side
• Australia and Brazil shipped a total of 246.13 million tons of iron ore from Hong Kong 19, an increase of 684,000 tons over the previous month. Australia's shipment volume was 18.356 million tons, an increase of 344,000 tons over the previous month; Brazil's shipment volume was 6.257 million tons, an increase of 340,000 tons over the previous month; non-mainstream shipments were 4.508 million tons, a decrease of 458,000 tons over the previous month
• Port maintenance in Australia and Brazil has been reduced, and short-term shipments will remain relatively stable.
Demand side
• The blast furnace operating rate of 247 steel mills was 82.00%, up 0.93% from the previous week; the utilization rate of blast furnace ironmaking capacity was 88.03%, up 0.89% month on month; and the profit rate of steel mills was 49.35%, up 6.49% month on month.
• The average daily production of iron and water was 2.364,700 tons, an increase of 21,000 tons over the previous month.
In terms of inventory
• Imported iron ore stocks in 45 ports across the country were 137.703 million tons, a year-on-month decrease of 2.353 million tons; the average daily dredging volume of 3.107,800 tons decreased by 109,900 tons.
• Overseas arrivals are expected to rise slightly.
A-share Market Weekly Report and Global Capital Market Weekly Report
1) Recent market adjustments are mainly due to overseas liquidity pressure. US employment inflation has all exceeded expectations. Since February 9, the upward slope of US bond interest rates has exceeded 20 bps on the 20th, and the global market has undergone major adjustments in the next month.
2) The Bank of Silicon Valley thunderstorm. The tightening of the Federal Reserve may slow down (interest rates on 10-year US bonds plummeted 23 bps on March 10), but overseas uncertainty has increased, and Bank of America may generally be under similar pressure, and it is necessary to pay close attention to the subsequent global situation.
3) We continue to be optimistic about the market. The median yield for the whole year is 10-15%, and the index has climbed to the next level. We will definitely pay attention to the two main lines throughout the year. The recent adjustments are a good opportunity for layout. The above certification 50 is represented by economic recovery and large market blue chips with the word “China” (especially central enterprises in strategic emerging industries and state-owned enterprises with equity incentives). Represented by science and innovation, it is expected to take over the “digital economy” of new energy (operator+Xinchuang+industrial Internet). $SSE 50 Index(000016.SH$ $TENCENT(00700.HK$
Global Capital Markets Weekly Report
The 2-year Treasury yield has fallen 85 basis points over the past 3 trading days (beginning when trading closed on Wednesday, March 8, the day Powell completed his testimony).
In the past 40 years, there was only one 2-year decline of more than 3 days, that is, the 1987 stock market crash.
Also last Wednesday, there was an 80% chance that market pricing would raise interest rates by 50 basis points.
Now, the probability of NO MOVE is 44%.
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3047 is a team specializing in the research of commodities and smart beta. We like to exchange investment strategies.
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