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

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