CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Future Print Fresh Cycle Highs

IRON ORE

SGX Iron Ore futures sit a touch off fresh cycle highs as the gains seen since mid-August continue to extend.

  • The December contract sits at $128.15/tonne, an impressive 35% above the August low.
  • Sentiment in the space received a boost on Friday as sixteen Chinese cities have removed maximum price limits on land auctions, which should help boost investment (CSJ). The demand outlook has been aided by weak inventories at mills and port stockpiles are a fifth of 2022 levels.
  • On the technical front we continue to tick away from the 20-Day EMA ($120.58/tonne), the 200-Day EMA comes in at $108.46/tonne. The $130/tonne handle has remained intact since April 2022 and is the next target on the upside.
Metals bulletDataEM BulletHomepageCommoditiesBulletMarketsEmerging Market NewsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.