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Futures Pressured On Friday


SGX Iron Ore futures were pressured on Friday falling ~4% seeing the metal post its fifth consecutive weekly loss.

  • In Monday's early session the metal trimmed losses to sit at $113.40/tonne (Nov contract). We remain well within the recent $110-$120/tonne ranges.
  • The ongoing concerns over the Chinese property weighed on the space, with waning risk appetite amid the ongoing Middle East conflict also adding pressure.

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