Chinese Industrial Production & Iron Ore

China Industrial Production (CNIPYY) and the price of Iron Ore have a seemingly symbiotic relationship.

I found it interesting (or coincidental) that when CNIPYY spikes or rallies above its 100 week moving average, the price of Iron Ore jumps and peaks.

I think the price of Iron Ore is closer to seeing a low. I’m look for it to touch the $96-$98 mark.

If that occurs, you should see corollaries in Chinese stock indices, the price of Rio Tinto and selected steel companies.

Incidentally, the 10 year average of the CNIPYY has been ~ 11.

August 25, 2022

by Rob Zdravevski

rob@karriasset.com.au

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: