The December contract finished at $123.50/tonne, a high of $124.00/tonne was printed before gains were marginally pared. We sit ~30% above the lows seen in August.
Support in the space was seen yesterday as inventory levels in Chinese steel mills fell sharply in late October suggesting that the construction sector activity may be picking up.

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SGX Iron Ore futures are consolidating gains, we sit a touch off the highest level since March.

The December contract finished at $123.50/tonne, a high of $124.00/tonne was printed before gains were marginally pared. We sit ~30% above the lows seen in August.
Support in the space was seen yesterday as inventory levels in Chinese steel mills fell sharply in late October suggesting that the construction sector activity may be picking up.

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