[trading Strategy] Wu Anjun: key factors affecting Commodity prices-Purchasing managers Index (3)-Shanghai Metals Market

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[trading Strategy] Wu Anjun: key factors affecting Commodity prices-Purchasing managers Index (3)

Translation 09:38:46AM May 28, 2019 Source:Wu Anjun
The content below was translated by Tencent automatically for reference.

SMM5 News of the 28th of July:

In 2008, the financial crisis broke out, China's manager procurement index (PMI) fell to 40.9, in 2009 the implementation of quantitative easing monetary policy, PMI as high as 56.1. From 2012 to 2015, under the influence of the national policy of "adjusting structure and removing production capacity", the leading indicator of the economy, PMI, was basically below 50 in most months, the manufacturing industry shrank obviously, and the macro-economy was depressed. Since the supply-side reform in 2015, PMI has once again stood at more than 50%, indicating that the macro-economy has gradually stabilized. Since 2019, under the influence of the Sino-US trade war, the PMI has once again broken below 50, the manufacturing industry has been hit, and the economy has once again faced downward risks. Compared with the price trend of nearly 40 main futures varieties of commodities, it is found that the PMI index moves from low to high, indicating that the economic development is good and the multi-single metal futures varieties can be allocated at the right time. On the contrary, if the PMI index develops from high to low, it shows that the macroeconomic development is poor and more short metal futures are allocated. Of course, this is only a general case, combined with other indicators to do comprehensive consideration is more appropriate. So what is the purchasing managers' index (PMI)?

Purchasing managers' Index (PMI),) is a "physical examination table" that measures the manufacturing industry of a country. It is an index that measures the situation of the manufacturing industry in eight aspects: production, new orders, commodity prices, inventory, employees, order delivery, new export orders and imports. Purchasing managers' Index (PMI) is a very important subsidiary index in the leading indicator of the economy, and it is a major parameter about manufacturing in the ISM business report of the American Association for supply Management. In general, the purchasing managers' index is closely related to the metal demand index, so it can be regarded as an effective indicator of the change of metal demand growth rate. PMI is a comprehensive economic indicator, which summarizes the overall manufacturing situation, employment and price performance of a country. It is one of the most concerned economic indicators in the world and is closely related to the trend of commodity prices. At the same time, PMI is a very predictive indicator of exports to Asia and China. PMI is an internationally accepted macroeconomic monitoring index system, which plays an important role in the monitoring and forecasting of national economic activities.

Wu Anjun brief introduction: good at colored, black and other futures varieties, with the combination of fundamentals and quantitative technology interpretation, and provide operational guidance.

Wu Anjun focused on quantitative research for the whole decade, developed a number of quantitative hedge systems and participated in the national futures competition to achieve steady profits. Good at finding the correct medium-and long-term multi-empty direction from the fundamentals of each variety, using the quantitative model to carry on the whole procedure transaction. On the basis of accurately grasping the general trend of the market, more accurately capture the entry point and exit point, often double or several times the profit effect.

Statement: Wu Anjun's point of view is shared with you and does not constitute investment advice for you. Operate accordingly, at your own risk! If you need major investment advice for other varieties, please call.

For guidance from Wu Anjun, please contact: Wu Tingting: 021 51595784 13795448891

"[investment must see] Trade friction news flying all over the metal how to win in chaos?

"Click to enter the registration page

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

 

Key Words:  PMI  manufacturing  price forecasting 

[trading Strategy] Wu Anjun: key factors affecting Commodity prices-Purchasing managers Index (3)

Translation 09:38:46AM May 28, 2019 Source:Wu Anjun
The content below was translated by Tencent automatically for reference.

SMM5 News of the 28th of July:

In 2008, the financial crisis broke out, China's manager procurement index (PMI) fell to 40.9, in 2009 the implementation of quantitative easing monetary policy, PMI as high as 56.1. From 2012 to 2015, under the influence of the national policy of "adjusting structure and removing production capacity", the leading indicator of the economy, PMI, was basically below 50 in most months, the manufacturing industry shrank obviously, and the macro-economy was depressed. Since the supply-side reform in 2015, PMI has once again stood at more than 50%, indicating that the macro-economy has gradually stabilized. Since 2019, under the influence of the Sino-US trade war, the PMI has once again broken below 50, the manufacturing industry has been hit, and the economy has once again faced downward risks. Compared with the price trend of nearly 40 main futures varieties of commodities, it is found that the PMI index moves from low to high, indicating that the economic development is good and the multi-single metal futures varieties can be allocated at the right time. On the contrary, if the PMI index develops from high to low, it shows that the macroeconomic development is poor and more short metal futures are allocated. Of course, this is only a general case, combined with other indicators to do comprehensive consideration is more appropriate. So what is the purchasing managers' index (PMI)?

Purchasing managers' Index (PMI),) is a "physical examination table" that measures the manufacturing industry of a country. It is an index that measures the situation of the manufacturing industry in eight aspects: production, new orders, commodity prices, inventory, employees, order delivery, new export orders and imports. Purchasing managers' Index (PMI) is a very important subsidiary index in the leading indicator of the economy, and it is a major parameter about manufacturing in the ISM business report of the American Association for supply Management. In general, the purchasing managers' index is closely related to the metal demand index, so it can be regarded as an effective indicator of the change of metal demand growth rate. PMI is a comprehensive economic indicator, which summarizes the overall manufacturing situation, employment and price performance of a country. It is one of the most concerned economic indicators in the world and is closely related to the trend of commodity prices. At the same time, PMI is a very predictive indicator of exports to Asia and China. PMI is an internationally accepted macroeconomic monitoring index system, which plays an important role in the monitoring and forecasting of national economic activities.

Wu Anjun brief introduction: good at colored, black and other futures varieties, with the combination of fundamentals and quantitative technology interpretation, and provide operational guidance.

Wu Anjun focused on quantitative research for the whole decade, developed a number of quantitative hedge systems and participated in the national futures competition to achieve steady profits. Good at finding the correct medium-and long-term multi-empty direction from the fundamentals of each variety, using the quantitative model to carry on the whole procedure transaction. On the basis of accurately grasping the general trend of the market, more accurately capture the entry point and exit point, often double or several times the profit effect.

Statement: Wu Anjun's point of view is shared with you and does not constitute investment advice for you. Operate accordingly, at your own risk! If you need major investment advice for other varieties, please call.

For guidance from Wu Anjun, please contact: Wu Tingting: 021 51595784 13795448891

"[investment must see] Trade friction news flying all over the metal how to win in chaos?

"Click to enter the registration page

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

 

Key Words:  PMI  manufacturing  price forecasting