Resource stock retrading ---- December 21
On December 21, most of the domestic commodity futures markets closed up, with major contracts in the shipping index (European line) rising and stopping; energy chemicals rose more than 4%, styrene and pulp rose more than 2%; most basic metals rose, alumina rose more than 2% and lithium carbonate fell by more than 4%; most black products rose, iron ore rose more than 3% and coking coal rose more than 2%; agricultural products rose mixed; vegetable meal, corn starch, and soybeans rose more than 1%; peanuts all rose more than 1%; precious metals all rose. $SSIF DCE Iron Ore Futures Index ETF(03047.HK$
Iron ore news:
Recently, Mongolia's imported coking coal market has been operating weakly. Extensive snowfall in the northern region has led to a sharp drop in customs clearance at ports. Mongolian coal transport vehicles are affected by the drop in temperature, making it difficult to load and unload container cargo, and customs clearance efficiency has decreased. According to Mysteel statistics, since mid-December, the three major ports have cleared a total of 1,535 vehicles per day, a decrease of 677 vehicles over the previous month, a decrease of 30.61%.
The Red Sea waterway crisis is driving up global shipping costs, and the impact on China's steel exports is limited. According to feedback from an exporter in East China, the Red Sea crisis had little impact on offshore exports; on the ocean side, China's prices for European markets such as Turkey have not changed much, and there is a strong wait-and-see atmosphere in the market.
Offer update:
Shanshen Iron Ore (3047.HK) closed at HK$23.9, up 2.14%
Cumulative return: 1 week: 0.59% January: 4.18% March: 17.16% June: 40.59% Since listing: 220.81%
Status of the Hong Kong Resources Stock:
Spot gold maintained an intraday rebound trend, and the price of gold is currently around 2,035 US dollars/ounce. Gains in global stock and bond markets have come to a standstill, and investors are re-evaluating their excitement about the prospects for falling interest rates over the next year. Data on the number of initial US jobless claims, Philadelphia Federal Reserve manufacturing, and gross domestic product (GDP) data will be released within the next day. Investors need to focus their attention. $SD GOLD(01787.HK$
The Houthis attacked several merchant ships one after another in the Red Sea in one day, and several oil companies suspended routes in the Red Sea. Geopolitical risks are once again highlighted, which means that the bullish pattern for crude oil and energy looks increasingly attractive. Crude oil prices have experienced a round of sharp declines over the past few months. Prices fell by more than 30% from a peak of around $95 per barrel in October to a low of around $67 per barrel in December. A bullish pattern seems to be taking shape right now. Crude oil prices may have bottomed out. $SINOPEC CORP(00386.HK$
Iron ore news:
Recently, Mongolia's imported coking coal market has been operating weakly. Extensive snowfall in the northern region has led to a sharp drop in customs clearance at ports. Mongolian coal transport vehicles are affected by the drop in temperature, making it difficult to load and unload container cargo, and customs clearance efficiency has decreased. According to Mysteel statistics, since mid-December, the three major ports have cleared a total of 1,535 vehicles per day, a decrease of 677 vehicles over the previous month, a decrease of 30.61%.
The Red Sea waterway crisis is driving up global shipping costs, and the impact on China's steel exports is limited. According to feedback from an exporter in East China, the Red Sea crisis had little impact on offshore exports; on the ocean side, China's prices for European markets such as Turkey have not changed much, and there is a strong wait-and-see atmosphere in the market.
Offer update:
Shanshen Iron Ore (3047.HK) closed at HK$23.9, up 2.14%
Cumulative return: 1 week: 0.59% January: 4.18% March: 17.16% June: 40.59% Since listing: 220.81%
Status of the Hong Kong Resources Stock:
Spot gold maintained an intraday rebound trend, and the price of gold is currently around 2,035 US dollars/ounce. Gains in global stock and bond markets have come to a standstill, and investors are re-evaluating their excitement about the prospects for falling interest rates over the next year. Data on the number of initial US jobless claims, Philadelphia Federal Reserve manufacturing, and gross domestic product (GDP) data will be released within the next day. Investors need to focus their attention. $SD GOLD(01787.HK$
The Houthis attacked several merchant ships one after another in the Red Sea in one day, and several oil companies suspended routes in the Red Sea. Geopolitical risks are once again highlighted, which means that the bullish pattern for crude oil and energy looks increasingly attractive. Crude oil prices have experienced a round of sharp declines over the past few months. Prices fell by more than 30% from a peak of around $95 per barrel in October to a low of around $67 per barrel in December. A bullish pattern seems to be taking shape right now. Crude oil prices may have bottomed out. $SINOPEC CORP(00386.HK$
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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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