Resources Stock Exchange Review ---- August 23
On August 23, most of the domestic commodity futures market closed up, with the main urea contract rising and stopping; black coal rose more than 4%, iron ore rose more than 3%, and coke rose nearly 3%; precious metals all rose, Shanghai Bank rose more than 2%; most basic metals rose, alumina, Shanghai lead, and international copper rose more than 1%; energy chemicals rose more than 2%, pulp rose more than 2%, rubber and ethylene glycol rose more than 1%, low-sulphur fuel oil and crude oil fell more than 2%; agricultural products had mixed ups and downs, pigs rose more than 1%, and corn starch rose by more than 3%, rapeseed meal fell by more than 2%. $SSIF DCE Iron Ore Futures Index ETF(03047.HK$
Iron ore news:
The main iron ore contract rose sharply in early trading today. The highest intraday increase of 5.65% was reported at 832.5. Since August 16, it has ushered in Wulianyang. Mainly due to recent favorable macroeconomic policies, the 1-year LPR interest rate fell by 10 basis points to 3.45% the day before yesterday. Yesterday, China plans to allow local governments to issue 1.5 trillion yuan of special refinancing bonds. Policy incentives are driving commodities to flourish. In addition to the close delivery of the 09 contract, the total iron ore inventory is low. There is still room for about 30 liters of water in stock, and there is an opportunity for further repair of the base difference. Furthermore, the crude steel production limit policy anticipated by the market in the previous stage has not yet been implemented. Iron ore production continues to rise, and strong demand for iron ore supports the rise in mineral prices.
Offer update:
Shanzheng Iron Ore (3047.HK) closed at HK$19.74, up 2.17%
Cumulative return: 1 week: 10.71% January: 9.61% March: 28.77% June: 9.12% Listing date: 164.97%
Status of the Hong Kong Resources Stock:
The National Energy Administration responded to suggestions to promote the implementation of innovative applications of artificial intelligence in the coal industry. It is said that in the next step, the National Energy Administration, together with relevant parties, will continue to actively play the role of the intelligent coordination mechanism for coal mines, earnestly implement the support policies that have already been put in place, firmly promote the integration of intelligent coal mine construction into national laws and regulations, and at the same time carry out in-depth research, study and increase the supply of new systems in due course, and support coal enterprises to further accelerate intelligent construction. $YANKUANG ENERGY(01171.HK$ $CHINA COAL(01898.HK$
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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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