Rio Tinto, Anglo, BHP Downgraded as Mining Indictor Flashes Strong 'Sell' Signal, Says Broker
Rio Tinto, Anglo, BHP Downgraded as Mining Indictor Flashes Strong 'Sell' Signal, Says Broker
Mining giants Rio Tinto Ltd (RIO.AU), Anglo American and BHP Group Ltd (BHP.AU) were all downgraded after a gauge monitoring sector demand flashed a strong 'sell' signal.
採礦業巨頭 力拓有限公司 (RIO.AU)盎格洛美利堅和 必和必拓集團有限公司 (BHP.AU) 在板塊需求監測曲線發出賣出強信號後，均遭到降級。
The 'restocking indicator' from broker Panmure Gordon reported its weakest signal since mid-2022, with a turnaround after a long bull run.
經紀商潘莫爾高登的“補庫指標”報告顯示自2022年中期以來最弱信號，這標誌着長期看漲的走勢反轉。
Despite persistently weak activity data from China's real estate sector, a key source of demand for steel and hence iron ore and other metals, the indicator shifted to its most negative in two years.
儘管中國不動產業一直活動數據疲軟，這是鋼鐵、鐵礦石和其他金屬需求的重要來源，但指標在兩年內首次負值。
This was on the back of China's steel PMI survey reports weakening domestic demand, coupled with an unseasonal lift in steel inventories
這是由於中國鋼鐵PMI調查報告顯示國內需求疲軟以及鋼鐵庫存不合時宜上升。
"Local demand growth is weak," said analyst Ben Davis, noting the indicator had shifted due to finished goods and visible iron ore stockpiles at port both "ballooning" unseasonably, and that China's steel net exports are close to record highs.
分析師本·戴維斯稱：“本土需求增長疲軟”，指標的轉變是由於成品和可見鐵礦石庫存在港口“異常膨脹”，以及中國的鋼鐵淨出口接近創紀錄高點。
The industry is now loss-making, prompting an early start to 2024's destock, inflating the industry's ore and scrap surpluses."
該行業目前處於虧損狀態，促使2024年的減庫存提前開始，增加了該行業的鐵礦石和廢鋼的過剩。
Imported iron ore's fundamentals are deteriorating, undermining its price performances, he added.
他補充說，進口鐵礦石的基本面正在惡化，削弱了其價格表現。