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Firms After Chinese Relief Measures For Property Developers


SGX Iron Ore futures rose ~2% on Tuesday, last printing at $106.00/tonne.

  • In China financial regulators asked banks to ease loan terms for companies in the real estate sector, which accounts for a third of the country's steel demand. More here. State-run newspapers also suggested that more measures to support property markets were coming.
  • Despite yesterday's rally, futures remain ~5% below highs seen in late June and sits ~20% below year to date highs.

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