Free Trial

Futures Pressured On Tuesday

IRON ORE

SGX Iron Ore Futures were pressured on Tuesday falling to their lowest level since 12 July before losses were marginally pared into the close.

  • The value of new home sales fell 33.1% from a year earlier, the largest fall in 12 months, more here. The lack of a big bang stimulus from the Chinese Government to ensure the health of the property sector also continues to weigh.
  • Futures sit at $106.00/tonne, ~8% below highs seen in late July.

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.