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Futures Extend Recent Gains


SGX Iron Ore Futures extended recent gains printing their highest level since early April before marginally paring gains.

  • The October contract finished dealing at $113.20/tonne, rising ~1%, having been up as much as ~2.4%. We finished the month ~15.5% above August lows.
  • Improving sentiment in China as the construction season approaches and further measures to stimulate the Chinese economy and property sector continue to support the metals space.

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