Free Trial

Futures Highest In A Week After Chinese Stimulus Optimism

IRON ORE

MNI (Australia): SGX Iron Ore futures sit at their highest level since 19 June after rising ~3% in Tuesdays trading, last printing at $113.20/tonne.

  • Chinese Premier Li Qiang noted yesterday that growth in Q1 has picked up and that more stimulus was in store. More here.
  • SGX futures now sit ~23% above year to date lows registered in late May.

Fig 1: SGX Iron Ore Futures

Source: MNI/Bloomberg

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.