Assessment - Iron and Steel in Renminbi yuán - 7/01/24 - RS = mixed

 ⇐ 

								⇓instrument	freshest		⇓ Δday	7/01/24	⇓ Δwk	1/01/24	prc diff	Δ26		⇓∅-RS
						S		SOM Iron and Steel	2,426.383	8/12/24	-0.18	2,623.477	-7.51	2,760.923	-137.445	-4.98		-1.72
						L		Tata Steel	13.276	8/12/24	0.16	15.197	-12.64	11.910	3.287	27.60		28.60
								Ternium Argentina	7.065	8/12/24	-2.32	8.102	-12.80	7.454	0.648	8.69		-16.44
								Kobe Steel	73.445	8/09/24	1.62	90.956	-19.25	91.509	-0.553	-0.60		2.62
						L		JSW Steel	80.091	8/12/24	1.35	82.409	-2.81	75.101	7.308	9.73		15.72
								Nippon Steel	142.834	8/09/24	1.83	155.770	-8.30	162.002	-6.232	-3.85		-5.49
								Pacific Metals	60.442	8/09/24	5.59	57.377	5.34	60.889	-3.512	-5.77		-13.00
								Vallourec	104.438	8/12/24	-0.59	114.828	-9.05	110.173	4.654	4.22		10.17
						S		Acerinox	71.513	8/12/24	0.05	76.239	-6.20	83.700	-7.461	-8.91		-0.59
								Citic Pacific	6.621	8/12/24		6.621		7.084	-0.463	-6.54		-6.25
						S		Tenaris	100.220	8/12/24	0.71	111.273	-9.93	123.685	-12.411	-10.03		-8.15
								voestalpine	172.476	8/12/24	-0.18	197.472	-12.66	224.353	-26.881	-11.98		-4.89
						S		Bluescope Steel	99.576	8/12/24	-0.44	98.026	1.58	113.209	-15.183	-13.41		-2.51
						S		Vulcan Steel	31.029	8/12/24	0.14	31.383	-1.13	37.574	-6.191	-16.48		-12.27
								ArcelorMittal	157.165	8/12/24	0.30	166.383	-5.54	201.611	-35.229	-17.47		-11.18
								Outokumpu	25.325	8/12/24	0.31	26.449	-4.25	35.224	-8.775	-24.91		-16.96
						S		Aperam	195.754	8/12/24	-0.63	192.317	1.79	258.289	-65.972	-25.54		-12.40
						S		Posco Holdings	1,724.690	8/12/24	0.61	1,951.138	-11.61	2,735.896	-784.758	-28.68		-21.27
						S		Salzgitter	118.968	8/12/24	-1.23	141.855	-16.13	219.954	-78.099	-35.51		-28.82
								thyssenkrupp	25.934	8/12/24	-1.63	31.972	-18.89	49.584	-17.612	-35.52		-29.42
Iron and Steel - 19 out of 19 instruments rated - 7/01/24 / 1/01/24 - 4 did rise, Market-Ratio(26) in CNY = 21.05 %

 

 

Transactions Iron and Steel in Renminbi yuán * Mixed Straddles L21 - 80/14 (1) - S34 - 40/85 (1)

																⇐
L/S	date buy	date sell	days				instrument	spl	pieces		prc buy	prc sell	ps short	prc diff	d %	asset	yield
1/02/06		1/16/06	14				- cash -
long	1/16/06	3/03/08	777				Salzgitter	100	19		505.144	1,249.174		744.031	147	24,137	53
short	1/21/08	6/15/09	511				Pacific Metals	100	4,189		5.762	5.652	5.873	0.112	2	24,604	1
long	4/20/09	8/16/10	483				Pacific Metals	100	5,527		4.451	4.613		0.162	4	25,501	3
short	8/16/10	1/10/11	147				Salzgitter	100	58		439.060	469.149	408.971	-30.089	-7	23,756	-16
long	10/18/10	8/08/11	294				Severstal	100	239		99.332	95.295		-4.038	-4	22,791	-5
short	6/06/11	2/17/14	987				Outokumpu	100	104		217.797	28.430	1,668.515	1,450.718	666	173,666	112
long	2/20/12	6/04/12	105				Tenaris	100	1,341		129.427	95.411		-34.016	-26	128,050	-65
	1/21/13	8/24/15	945				Ternium Argentina	100	54,689		2.341	3.786		1.444	62	207,036	20
short	6/16/14	10/03/16	840				Vallourec	100	17		11,503.694	1,236.030	107,064.535	95,560.841	831	1,831,571	164
long	7/04/16	10/15/18	833				Outokumpu	100	59,753		30.652	35.891		5.239	17	2,144,627	7
short	10/09/17	1/08/18	91				Tenaris	100	22,813		94.008	106.791	81.226	-12.783	-14	1,853,020	-44
	4/09/18	11/09/20	945				Outokumpu	100	43,713		42.390	19.264	93.279	50.889	120	4,077,511	36
long	12/30/19	3/09/20	70				Ternium Argentina	100	1,362,611		2.992	1.982		-1.010	-34	2,701,240	-88
	8/10/20	10/04/21	420				Ternium Argentina	100	674,835		4.003	6.042		2.039	51	4,077,104	43
10/04/21		11/29/21	56				- cash -
short	11/29/21	2/20/23	448				Vallourec	100	71,490		57.030	101.727	12.333	-44.697	-78	881,731	-71
long	12/05/22	8/12/24	616				Ternium Argentina	100	117,734		7.489	7.065		-0.424	-6	831,840	-3
short	8/28/23		350				Aperam	100	4,091		203.331	195.754	211.202	7.871	4	864,040	4
accum	1/16/06	8/12/24	7312	days out of 7382 invested (99%)										8,540		864,040	25

instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %			total
Outokumpu	short	6/06/11	2/17/14	987	217.80	28.43	1,668.51	1,450.72	666.09
	long	7/04/16	10/15/18	833	30.65	35.89		5.24	17.09
	short	4/09/18	11/09/20	945	42.39	19.26	93.28	50.89	120.05			1,873.89
Salzgitter	long	1/16/06	3/03/08	777	505.14	1,249.17		744.03	147.29
	short	8/16/10	1/10/11	147	439.06	469.15	408.97	-30.09	-6.85			130.34
Vallourec	short	6/16/14	10/03/16	840	11,503.69	1,236.03	107,064.54	95,560.84	830.70
	short	11/29/21	2/20/23	448	57.03	101.73	12.33	-44.70	-78.37			101.27
Ternium Argentina	long	1/21/13	8/24/15	945	2.34	3.79		1.44	61.68
	long	12/30/19	3/09/20	70	2.99	1.98		-1.01	-33.75
	long	8/10/20	10/04/21	420	4.00	6.04		2.04	50.93
	long	12/05/22	8/12/24	616	7.49	7.07		-0.42	-5.66			52.52
Pacific Metals	short	1/21/08	6/15/09	511	5.76	5.65	5.87	0.11	1.94
	long	4/20/09	8/16/10	483	4.45	4.61		0.16	3.65			5.65
Aperam	short	8/28/23	8/12/24	350	203.33	195.75	211.20	7.87	3.87			3.87
Severstal	long	10/18/10	8/08/11	294	99.33	95.29		-4.04	-4.06			-4.06
Tenaris	long	2/20/12	6/04/12	105	129.43	95.41		-34.02	-26.28
	short	10/09/17	1/08/18	91	94.01	106.79	81.23	-12.78	-13.60			-36.31

Annotations

7/28/22	Tata Steel			stock split 1:10 (ten for one)
5/25/20	Vallourec			reverse split 40:1 (one for fourty)
5/18/17	ArcelorMittal			reverse stock split 3:1 (one for three) ISIN change from LU0323134006 to LU1598757687
3/15/15	Iron and Steel			first complete analysis

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