Free Trial

Futures Print Highest Level Since April Before Paring Gains


SGX Iron Ore futures printed their highest level since April yesterday as optimism that China will roll out more measures to boost the nation's property sector continued to support the metal.

  • Gains were pared and the contract finished trading little changed from opening levels at $113.00/tonne.
  • Futures remain in a $110-$115/tonne range, rallies remain capped by the lack of detail on stimulus and no language indicating major fiscal or monetary stimulus.

To read the full story



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.