MacroMicro

Iron ore ×

Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight

Save MM Iron Ore Fundamental Index

MMFI for Iron Ore is an integral index created by MacroMicro for iron ore futures fundamentals. It incorporates not only iron ore stocks and steel fundamentals, but also Chinese housing market and Chinese demand for infrastructure.

MMFI benchmarks at 0. if the index comes out positive, it means the fundamentals is looking good.

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Latest Stats
  • MM Iron Ore Fundamental Index (L)
    2022 W03
    -9.71
  • China Iron Ore Spot Price (R)
    2022-01-21
    755.50
  • CME - Iron ore fines 62% Fe CFR Futures Price
    2022-01-20
    129.09
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight

Save Cold and Hot Rolled Steel Price Ratio

冷軋鋼板一般用於汽車、家電等產品，而熱軋鋼板主要用於橋樑、鐵路、建築等領域。二者價格比值大致可以用來判斷鋼鐵需求主要來自哪些產業。

當比值越大，代表鋼鐵需求主要來自消費品用鋼需求（汽車、家電），當比值越小，代表鋼鐵需求主要來自大型建設。

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Latest Stats
  • 中國-冷軋鋼板價格 ÷ 中國-熱軋鋼板價格
    0.00
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight

Save China Iron Ore Inventory

China is the main importer of iron ore, whose imports of iron ore account for 65% of global trade of iron ore, so China's inventory reflects the overall demand of iron ore. When inventory is low, demand is strong. Major suppliers of iron ore are Brazil and Australia. China utilizes iron ore in the steel industry, the construction sector and building infrastructure.

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Latest Stats
  • China Iron Ore Inventory (L)
    2022 W03
    154,350.00k
  • China Iron Ore Spot Price (R)
    2022-01-21
    755.50
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight

Save China Tangshan Billet Inventory

Tangshan in Hebei province alone produces as much steel as the US does in a year, which accounts for 10% of the overall production of steel in China. The US is the 4th largest steel producer in the world.

Steel inventory usually rises between December and Chinese New Year's, during which price stays low.

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Latest Stats
  • China Tangshan Billet Inventory
    2022 W03
    18.160k
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight

Save Iron Ore Price vs. AUD/USD

AUD and iron ore price have a correlation coefficient of 0.76 which shows high correlation.

Australia is the top 1 exporter of iron ore and the 2nd larges exporter of coal, which are the core materials for refining steel. Iron ore accounts for nearly half of Australia's overall exports. Exports of raw materials are associated with the country's current account.

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Latest Stats
  • China Iron Ore Spot Price (L)
    2022-01-21
    755.50
  • AUD/USD (R)
    2022-01-21
    0.72
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight

Save USD/BRL vs. Iron Ore Price

Brazil is the 2nd largest exporter of iron ore, whose exports of iron ore account for nearly 30% of global exports of iron ore. Iron ore price and USUD/BRL have a correlation coefficient of -0.78.

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Latest Stats
  • USD/BRL (L)
    2022-01-21
    5.47
  • China Iron Ore Spot Price (R)
    2022-01-21
    755.50
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight

Save Baltic Dry Index

BDI measures the shipping costs of dry bulks such as iron ore, coal and grains. Composed of Baltic Exchange Capesize Index (BCI), Baltic Exchange Panamax Index (BPI) and Baltic Exchange Supramax Index (BSI), BDI is a global leading economic indicator and

BCI is for industrial materials like iron ore, cocking coal and phosphate. BPI is for bulks like grains. BSI is for phosphate fertilizer, potassium carbonate, sawdust and cement.

Iron ore is the largest among all bulks, whose price movement correlates with BDI.

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Latest Stats
  • Baltic Dry Index[BDI]
    2022-01-19
    1,570.00
  • Baltic Capesize Index (BCI)
    2022-01-19
    1,226.00
  • Baltic Panamax Index (BPI)
    2022-01-19
    2,095.00
  • Baltic Supramax Index (BSI)
    2022-01-19
    1,812.00
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight

Save China Steel Cycle

At the beginning of a steel cycle, new orders and production increase, inventory decreases. When demand from construction and manufacturing slows down, steel cycle comes close to an end, during which steel production decreases and inventory rises.

There have been 5 steel cycles since 2006, except when in 2019, iron ore was undersupplied due to natural disasters in Brazil and Australia, and inventory and production of steel went down because of shortage of raw material.

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Latest Stats
  • China PMI, Steel: New Orders + Production (L)
    0.00
  • China Steel Sector Finished Goods Inventory Index
    2021-12
    31.80
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight

Save ZEW Steel industry index

The European Economic Research Center (ZEW) surveys over 300 financial professionals; they are asked to evaluate the economy by giving 6-month outlook for inflation, interest rate, forex exchange rate, stock market and oil price. When the result comes out greater than zero, the market is generally optimistic.

When ZEW Steel Index yearly change goes up, it means that the markets has stronger confidence in the steel industry stocks.

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Latest Stats
  • ZEW Steel Sector Index(L, Yearly Change)
    2021-12
    1.90
  • Dow Jones Iron & Steel Index(R)
    2022-01-20
    364.84
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight

Save Steel Industry Finished Goods and Raw Material Inventory

When demand's strong:
Raw material inventory rises; finished goods inventory declines. Steel price and iron ore price both rise; the quotient (steel billet/iron ore) decreases.

When demand's weak:
Raw material inventory declines; finished goods inventory increases. Steel billet / iron ore price quotient increases.

Exceptions:
1. Reform on the supply side: steel price jumps in 2017
2. Shortage of iron ore: both inventories drop in 2019

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Latest Stats
  • China Steel Billet Price / Iron Ore Price (L)
    0.00
  • China Steel Sector Finished Goods Inventory Index
    2021-12
    31.80
  • China Steel Sector Raw Material Inventory Index
    2021-12
    35.20
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight

Save China Billet Spot Price vs. M1 Money Supply

China's monetary policy lays impact on the steel industry. Expansionary monetary policy can help the industry recover after recessing. On the contrary, when the monetary policy tightens, or when the government imposes mortgage/loan control, recovery slows.

M1 supply YoY usually leads steel production and price by at least 2 quarters.

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Latest Stats
  • China Billet Spot Price (L)
    2022-01-21
    4,440.00
  • China M1 Money Supply (YoY, R)
    2021-12
    3.50%
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight

Save China Steel Production vs. Real Estate Cycle

Over 50% of China's end-market demand for steel come from the construction and the real estate sector. The rest comes from the manufacturing sector, including machinery production (17%), car production (6%), and appliance production (2%).

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Latest Stats
  • China PMI: Steel: New Orders + Production (L)
    0.00
  • China Real Estate Climate Index (R)
    2021-12
    100.36
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight

Save China Steel Sector vs. Price Spread of Billet and Iron Ore

鋼胚與鐵礦砂價差計算公式為：中國鋼胚價格 - 中國鐵礦砂主力合約價格

鋼胚和鐵礦砂價差主要用來反映鋼企的獲利表現。價差愈大，代表鋼企營收扣除原料成本後的利潤愈高，反之亦然。

註：價差數據有經過年增率調整。

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Latest Stats
  • China SWS Steel Sector Index
    2022-01-21
    2,910.64
  • 中國-鋼胚現貨價格 - 中國-鐵礦石期貨 (I)
    0.00
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco DB Base Metals Fund $23.43 5.97% 5.26% 0.77%
Breakwave Dry Bulk Shipping ETF $21.53 -18.04% -26.99% 1.85%
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN $70.25 7.91% 6.80% 0.45%
Elements Rogers International Commodity Index-Metals Total Return ETN $12.07 5.83% 5.00% 0.75%
#Commodities-Type: Industrial Metals #Commodities-Type: Freight

Save Global Steel Sector Index

全球鋼鐵業指數主要持股：

十大鋼鐵公司股價指數：ArcelorMittal, MT、Nippon Steel & Sumitomo Metal、Hebei Iron and Steel、Baosteel Group、POSCO 等。

道瓊鋼鐵指數：Nucor Corporation、Steel Dynamics, Inc. 、Cleveland-Cliffs Inc. 、Reliance Steel & Alumin. 、United States Steel Cor.等。

台灣鋼鐵指數：中國鋼鐵、大成鋼鐵、中鴻鋼鐵、燁輝企業、東和鋼鐵。

中國申萬鋼鐵指數：寶鋼股份、包鋼股份、撫順特鋼、中信特鋼、太鋼不銹。

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Latest Stats
  • Top 10 Steel Companies Index(L)
    2022-01-20
    412.87
  • Dow Jones Iron & Steel Index(L)
    2022-01-20
    364.84
  • Taiwan Iron and Steel(L)
    2022-01-21
    165.25
  • China SWS Steel Sector Index(R)
    2022-01-21
    2,910.64
Source
Feedback

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